Kathy Weiss | First Solar

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Visit the Solar Institute for details of the 2011 Solar Symposium: solar.gwu.edu/Symposium.html

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Kathy Weiss | First Solar

  1. 1. Taking Up the Clean Energy Challenge GW Solar Institute Symposium April 26, 2011© Copyright 2010, First Solar, Inc.
  2. 2. Overview• Formed in 1999 and launched production in 2002• Largest thin-film module manufacturer in the world – Annual manufacturing capacity in excess of 2GW – Announced capacity of 2.9+ GW by 2012• Lowest cost PV manufacturer in the world – $0.75/watt in 2010 Q4• Smallest carbon footprint and fastest energy payback• First PV manufacturer to offer prefunded collection and recycling• Ranked #1 by Forbes Magazine as the fastest growing technology company in 2009 and 2010 First Solar Headquarters, Tempe, AZ• Produced over 48 million solar modules that generate over 3.6 GW of power Robust Track Record Built on Clear Vision and State of Art Technology © Copyright 2010, First Solar, Inc. 2
  3. 3. Solar transition requires… Sustainable Markets Transition Markets Existing Subsidy Markets • Sustainable market economics • Scale to globally relevant capacity • Sustainable environmental product life cycle • CONSISTENT Regulatory & Policy Framework© Copyright 2010, First Solar, Inc. 3
  4. 4. Crossing Over to Sustainable MarketsConventional generation based on Lazard LCOE Analysis v 4.0; June 2010. Assumes coal price of $2.50/MMBtu and natural gas price of $6.00/MMBtu.Carbon emissions cost assumes $30/ton CO2. High end of coal costs incorporates 90% carbon capture – emissions adder does not apply. $0.30 Levelized Cost of Electricity ($/kWh) $0.25 Carbon emissions cost adder $0.20 Conventional, base cost $0.15 Conventional, $0.10 fuel sensitized cost PV cost roadmap $0.05 $0.00 Gas Peaking Coal Gas Combined Cycle Nuclear© Copyright 2010, First Solar, Inc. 4
  5. 5. Commitment to Environmental Sustainability© Copyright 2010, First Solar, Inc. 5
  6. 6. 2011 Industry Consensus Market Demand as of 12/6/10*• 2011 demand ~ 15 GW, up 12% y/y• Markets diversifying globally and by segments GW 18 17.0 16 ROW 14 15.1 13.5 China 12 Japan 10 North America 8 7.2 ROE 6.3 6 Italy France Spain 4 2.4 Germany 2 1.6 0 2006 2007 2008 2009 2010 2011 2012 *Forecasts from Barclays, Citi, Collins Stewart, Cowen, CLSA, Credit Suisse, Deutsche Bank, Goldman Sachs, JP Morgan, Lazard, © Copyright 2009, First Solar, Inc. Morgan Stanley, ThinkSolar Confidential & Proprietary First Equity, UBS, and Wedbush; 2006 through 2009 historical data from EPIA. 6
  7. 7. Sarnia, Ontario, CanadaProject Profile System Size: 80MW Commisioned: October, 2010 Distinction: World‘s Largest Operating PV Project Developer: First Solar, Inc. Owner: Enbridge Inc. Sarnia Solar Farm is the largest photovoltaic solar energy facility in North America. Project provides power to serve 10,000 local homes per year while displacing approximately 22,000 metric tons of carbon dioxide emissions annually— the equivalent of taking about 5,500 cars off the road. © Copyright 2009, First Solar, Inc. First Solar Confidential & Proprietary 7
  8. 8. Agua Caliente, Yuma, AZ© Copyright 2010, First Solar, Inc. 8
  9. 9. Agua Caliente, Yuma, AZ© Copyright 2010, First Solar, Inc. 9
  10. 10. Cimarron, New Mexico© Copyright 2010, First Solar, Inc. 10

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