Business Forum: Nuclear & Renewable Energy - Brown

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Presentation at the US-Saudi Business Opportunities Forum (Dec 5-7, 2011, Atlanta, GA). Jim Brown, President, Global Sales First Solar, presented at the panel titled, "Nuclear and Renewable Energy: Building Resources for the Future." His presentation was called "Solar PV: A Critical Component of KSA’s Energy Sollution.

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Business Forum: Nuclear & Renewable Energy - Brown

  1. 1. Solar PV A Critical Component of KSA’s Energy Solution Jim Brown President, Head of Global Sales© Copyright 2011, First Solar, Inc.
  2. 2. First Solar Overview• Formed in 1999 and launched production in 2002 – NASDAQ listed. $5bn market cap today – Shipment of 5 GWs to date Place most recent Agua• Premiere PV Energy Solutions Provider photo here – A partner to Energy Buyer through shared focus on energy value – World-class capabilities in module manufacturing, project development, EPC, O&M, and project finance Solutions that span the value chain of a solar power plant First Solar 290 MW Agua Caliente project, Arizona• Lowest cost PV manufacturer in the world © Copyright 2011, First Solar, Inc. – Broke $1/watt barrier in Q4 2008 – $0.74/watt as of Q3 2011• Largest thin-film module manufacturer in the world• Proprietary technology and environmental leadership 2
  3. 3. PV Solar is cheaper today than oil-fired electricity at market prices of oil. $/kWh Electricity Price Ranges by Fuel Type 2010 Fossil Fuel Subsidies: $410 Billion $0.60  Subsidized electricity price 2010 Renewable Subsidies: $60 Billion  Non-subsidized electricity price Each column ranges from 10-80% capacity usage of $0.50 power plant TODAY $0.40 FS can achieve this electricity price* = ~$0.12-0.15/kWh $0.30 $0.20 © Copyright 2011, First Solar, Inc. $0.10 $0.00 Natural Gas Natural Gas Crude Oil Crude Oil Crude Oil Diesel OCGT Diesel OCGT Diesel Gen-Set Diesel Gen-Set ($0.75/MMBtu) ($4/MMBtu) ($2.65/bbl) ($60/bbl) ($100/bbl) ($5/bbl) ($80/bbl) ($5/bbl) ($80/bbl) Source: FS analysis. * At utility-scale level In Saudi Arabia 3
  4. 4. Snapshot of solar PV at 10 GW in 2020 2009 Annual Generation Profile Diesel HFO Crude Oil Today’s Energy profile in Saudi: Over 65% of Natural Gas electricity generated from oil-burning power plants Fast fwd to 2020 Energy demand soars 2020 Annual Generation Profile How much oil will Crude Oil, HFO & Diesel Saudi be burning? Natural Gas Solar PV © Copyright 2011, First Solar, Inc. Solar Guarantee in Saudi Arabia:  For every sunny day, 10 GW of solar will displace over 100,000 bbls of oil per day or over 40 million bbls of oil per year. ` Source: FS analysis, ECRA, SEC, IEA. Note: Daily load/output is modeled Winter Summer as hourly average per 24-hour period. * Based on comparison with oil-fired power plant at heat rate of 10,000 BTU/kWh. 4
  5. 5. Consequences of Burning Oil for Electricity © Copyright 2011, First Solar, Inc. 5
  6. 6. Coordinated deployment of a diverse solar portfolio adds energy andreinforces the transmission grid Representative Portfolio of Solar Assets PV-diesel hybrids and other off-grid / small-grid PV applications can cost-effectively satisfy medium and small loads Smaller (<50 MW) PV plants can provide grid support by being co-located with loads and substations © Copyright 2011, First Solar, Inc. Large-scale (>100 MW) PV plants should be proximate to transmission infrastructure 6
  7. 7. Final Thoughts on Solar Opportunity• Cost competitive today• Fastest path to new utility-scale electricity• Enables realization of the full potential of Saudi Arabia’s oil• Strategic deployment of solar improves transmission © Copyright 2011, First Solar, Inc.• Immediate and high value job impact• Optimized energy structure which will fuel economic growth 7

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