The document discusses a symposium on clean energy held by the GW Solar Institute. It summarizes First Solar's position as the largest thin-film solar module manufacturer in the world, with annual manufacturing capacity exceeding 2GW. First Solar aims to transition solar power to sustainable markets through scale, sustainable product lifecycles, and consistent policy frameworks. Charts show First Solar modules can generate electricity at costs competitive with coal and natural gas. Examples of large-scale solar power plants developed by First Solar highlight the company's leadership in utility-scale solar energy.

1. Taking Up the Clean Energy Challenge
GW Solar Institute Symposium
April 26, 2011
© Copyright 2010, First Solar, Inc.

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. 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. Crossing Over to Sustainable Markets
Conventional 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. Commitment to Environmental Sustainability
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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. Sarnia, Ontario, Canada
Project 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. Agua Caliente, Yuma, AZ
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9. Agua Caliente, Yuma, AZ
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10. Cimarron, New Mexico
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