Prime Road Group and First Solar Complete 18MW of Solar Farms in Thailand

Prime Road Group and First Solar Complete 18MW of Solar Farms in Thailand

Prime Road Group and First Solar, Inc. (Nasdaq: FSLR) welcome the completion
of four solar farms totaling 18 megawatts (MWDC) of capacity in Thailand.
Located across the Ayutthaya and Pathum Thani Provinces, the Prime Road
Group Co-Op Project (Project) utilizes more than 158,500 First Solar
thin-film photovoltaic (PV) modules to produce approximately 29,600
megawatt-hours (MWh) of clean electricity in the first year of operation.
Developed under Thailand's Governmental Agency and Agricultural Cooperatives
Program, the completion marks an important milestone for the country as it
continues to grow its installed solar PV capacity and target 30 per cent
renewable energy by 2036.

Thailand-based developer Prime Road Group has partnered with First Solar as
the module supplier and Bouygues-Thai Ltd - a subsidiary of the French
Bouygues Group - as the Engineering, Procurement and Construction contractor
for the delivery of the Project. The Project will produce enough clean solar
energy each year to power 12,000 homes in Thailand and displace
approximately 14,000 metric tons of carbon dioxide annually.

"We have developed a broad range of renewable energy projects in Thailand
and Japan, and the Prime Road Group Co-Op Project adds to our growing
regional portfolio of high-quality solar farms developed, owned and operated
by our group," said Surachet Chaipatamanont, Prime Road Group's Director.
"First Solar's thin-film technology was selected for Prime Road Group Co-Op
Project because of its superior energy performance attributes compared to
traditional solar modules, making it suitable for the hot and humid
conditions in Thailand."

The First Solar Series 4 thin-film PV modules deployed at the four sites are
ideally suited to the local environmental conditions in Southeast Asia, due
to their superior temperature coefficient, better shading response, and
better spectral response. This performance advantage allows for optimal
performance and over the course of the Project's operational life will
translate into significant gains in power output.

"The completion represents a significant installation of First Solar modules
in Southeast Asia, and we congratulate Prime Road Group and Bouygues-Thai on
the successful delivery of this milestone project today," said Robert
Bartrop, First Solar's Director of Business Development in Southeast Asia
and China. "First Solar's partnership with the Prime Road Group Co-Op
Project reflects the value of First Solar technology in hot and humid
climates such as Thailand, and we look forward to supporting future projects
and the country's renewable energy targets."

"Bouygues-Thai is very proud to have contributed to this project, committing
to a higher level of performance to the Prime Road Group project thanks to
the technical advantage of the thin-film modules developed by First Solar,"
said Patrice Bard, Managing Director of Bouygues-Thai Ltd.

The electricity from the Prime Road Group Co-Op Project will be sold via a
25-year Power Purchase Agreement with the Provincial Electricity Authority
of Thailand at a rate of THB 5.66 per kilowatt hour.

--- --- --- --- --- --- --- --- --- --- --- --- --- --- ---

Link to Original Article:
http://www.businesswire.com/news/home/20170207006607/en/Prime-Road-Group-Sol
ar-Complete-18MW-Solar

--- --- --- --- --- --- --- --- --- --- --- --- --- --- ---

John Diecker
APT Consulting Group Co., Ltd.

www.aptthailand.com