8-KOther EventsExhibits & Filings

FIRST SOLAR, INC. 8-K Report, Corporate Update (Sep 8, 2009)

Filed September 8, 2009For Securities:FSLR

Summary

First Solar, Inc. (FSLR) filed an 8-K on September 8, 2009, detailing significant developments related to its expansion and strategic positioning in China. The company announced a high-level visit from Chairman Wu Bangguo of the Standing Committee of the National People's Congress of China and a delegation of senior Chinese government leaders. This visit underscored China's interest in First Solar's low-cost solar technology as a means to achieve its low-carbon economic goals and meet growing demand for sustainable energy. Furthermore, First Solar entered into a Memorandum of Understanding (MOU) with the Ordos City Government in China. This MOU outlines a long-term strategic partnership aimed at developing and constructing a substantial 2,000MW photovoltaic power plant within the Ordos New Energy Industry Demonstration Zone. This agreement represents a significant step for First Solar in establishing a large-scale presence in the rapidly growing Chinese renewable energy market, signaling strong governmental support and potential for future growth.

Key Highlights

  • 1First Solar hosted a visit from China's Chairman Wu Bangguo and a senior government delegation, highlighting the company's importance in China's low-carbon future strategy.
  • 2A Memorandum of Understanding (MOU) was signed between First Solar and the Ordos City Government, China, establishing a strategic partnership.
  • 3The MOU outlines plans for First Solar to develop and construct a significant 2,000MW photovoltaic power plant in the Ordos New Energy Industry Demonstration Zone.
  • 4This development signifies First Solar's commitment to and potential for substantial growth within the Chinese renewable energy market.
  • 5The events underscore strong governmental interest and support for First Solar's solar technology in China.

Frequently Asked Questions

The visit by Chairman Wu Bangguo and the Chinese government delegation signifies high-level recognition and interest from the Chinese government in First Solar's technology. It suggests that First Solar's low-cost solar solutions are viewed as critical to China's national objectives of achieving a low-carbon economy and meeting its increasing demand for sustainable energy.

The MOU outlines a long-term strategic partnership where First Solar is expected to develop and construct a 2,000MW photovoltaic power plant. This is a major project and indicates a significant commitment from both First Solar and the Ordos City Government to advance large-scale solar energy development in the region.

This filing suggests a significant expansion opportunity for First Solar in China. The potential development of a 2,000MW power plant, coupled with governmental support, could lead to substantial revenue growth and solidify First Solar's position as a major global solar energy provider.

The filing explicitly states that the information and exhibits furnished are not deemed 'filed' for purposes of Section 18 of the Exchange Act or subject to its liability, nor are they incorporated by reference into other filings, unless expressly stated otherwise in a specific filing.