8-KMaterial AgreementsExhibits & Filings

FIRST SOLAR, INC. 8-K Report, Material Agreement (Jul 9, 2007)

Filed July 9, 2007For Securities:FSLR

Summary

This Form 8-K filing from First Solar, Inc. (FSLR) dated July 9, 2007, reports on the company's strategic expansion of its order book through significant new long-term supply agreements. These agreements, entered into between July 3 and July 6, 2007, collectively increase the total volume of solar modules to be sold by First Solar by an additional 685 megawatts (MW) spanning from 2007 through 2012. Investors should note the expansion of First Solar's customer base with the addition of EDF EN Développement, Sechilienne Sidec, RIO Energie GmbH & Co. KG, and SunEdison, LLC, in addition to amendments to an existing agreement with juwi entities. This filing signals a substantial increase in future revenue visibility and market penetration for the company, underscoring its growing importance in the renewable energy sector at that time.

Key Highlights

  • 1First Solar entered into four new long-term supply contracts and amended one existing contract.
  • 2The new agreements add an aggregate of 685 MW of module volume to be sold between 2007 and 2012.
  • 3New contracts were signed with EDF EN Développement, Sechilienne Sidec, RIO Energie GmbH & Co. KG, and SunEdison, LLC.
  • 4An existing supply agreement with juwi entities was amended.
  • 5The contracts were entered into between July 3, 2007, and July 6, 2007.
  • 6The filing indicates a significant expansion of First Solar's future sales commitments and market reach.
  • 7A press release announcing these arrangements is attached as an exhibit.

Frequently Asked Questions

The primary purpose of this filing is to announce that First Solar has entered into material definitive agreements, specifically four new long-term supply contracts and an amendment to an existing one, which significantly increases the volume of solar modules the company is committed to sell through 2012.

These new agreements add 685 MW of committed sales volume over a multi-year period (2007-2012). This substantially enhances revenue visibility and demonstrates strong demand for First Solar's products, indicating a positive outlook for future financial performance.

The new supply agreements are with EDF EN Développement, Sechilienne Sidec, RIO Energie GmbH & Co. KG, and SunEdison, LLC. These represent significant new commercial relationships for First Solar.

The commitments cover the period from 2007 through 2012, providing a stable order book for First Solar over these six years.