First Solar Commissions 52.5MW Shams Ma’an Plant in Jordan

TEMPE, AZ --(eSolarEnergyNews)--First Solar, today announced that it has commissioned the 52.5 megawatt (MW)AC

The plant is owned by a consortium of investors consisting of Diamond Generating Europe Ltd., Nebras Power Q.S.C. and the Kawar Group. First Solar significantly contributed to the development of the project before divesting its stake and being appointed the Engineering, Procurement and Construction (EPC) contractor. Shams Ma’an has a 20-year Power Purchase Agreement (PPA) with the National Electric Power Company (NEPCO), the country’s power generation and distribution authority.
Shams Ma’an project in the Hashemite Kingdom of Jordan, on schedule.

First Solar Wins 160MW of Module Contracts in Turkey

TEMPE, AZ & ISTANBUL, TURKEY --(eSolarEnergyNews)--First Solar today announced that it has booked 160 Megawatts (MW)DC of photovoltaic (PV) module sales in Turkey in the first half of 2016. The orders were placed by Basariarge Enerji A.S. and Zorlu Enerji.

Zorlu Enerji, a subsidiary of Zorlu Holding, has contracted First Solar to supply 100MWDC of its high performance Series 4 thin film modules, for projects expected to be constructed and commissioned in 2017. Basariarge Enerji A.S. - a joint venture between Basari Yatirimlar, a Turkish infrastructure company, and the Basari Group - has placed orders for 60MWDC of modules that will power its own projects, as well as PV power plants that it will provide EP
C services for. The first modules will be delivered in late 2016.

First Solar Investor Investigation over Possible Misleading Statements

San Diego, CA 03/05/2012-- (Solar Energy News) --  An investigation on behalf of investors in shares of First Solar, Inc. (NASDAQ:FSLR) was announced over potential securities laws violations by certain officers and directors at First Solar, Inc in connection with potentially false and misleading statements.

Investors who purchased shares of First Solar, Inc. (NASDAQ:FSLR), have certain options and should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of First Solar, Inc. (NASDAQ:FSLR) concerning whether a series of statements regarding First Solar’s business, its prospects and its operations were materially false and misleading at the time they were made.

First Solar, Inc. reported that its annual Revenue rose from $2.56billion in 2010 to $2.76billion in 2011. However its Net Income of $664.20million in 2010 turned into a Net Loss of $39.49million in 2011.

First Solar, Inc. said that on September 23, 2011,it informed the staff of the Securities and Exchange Commission (the “SEC”) that First Solar, Inc. was commencing an internal investigation regarding a possible violation of Regulation FD.

First Solar, Inc. said the possible violation arose in connection with disclosures on September 21, 2011, relating to the failure of the Topaz Solar Farm project to meet the statutory deadline to receive a federal loan guarantee from the US Department of Energy.

On October 25, 2011 First Solar, Inc. announced that it fired its Chief Executive Officer effective immediately and its Board of Directors asked its Chairman and company founder to serve as interim Chief Executive Officer, which he accepted.

On November 30, 2011, First Solar, Inc. said announced the appointment of David Brady as Vice President, Treasury and Investor Relations.

On March 2, 2012, First Solar, Inc. said in a regulatory filing that following completion of its internal investigation, First Solar, Inc. appointed a new Vice President of Investor Relations.

Shares of First Solar, Inc. (NASDAQ:FSLR) declined from over $300 in 2008 and over $190 in 2009 to under $30 on March 2, 2012.

In fact, NASDAQ:FSLR shares closed at $30.02 on Friday, March 2, 2012 and traded in after-hours at $29.95 per share.

Those who purchased shares of First Solar, Inc. (NASDAQ:FSLR) and currently hold those First Solar shares, may have certain options and should contact the Shareholders Foundation.