© Copyright 2014, First Solar, Inc.© Copyright 2014, First Solar, Inc.

© Copyright 2014, First Solar, Inc.© Copyright 2014, First Solar, Inc.

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About First Solar

Track record of delivering to leading utilities and energy investors

We are very proud to be working with First Solar, who has a reputation for

the delivery of world class renewable energy projects internationally.

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OPERATIONS

&

MAINTENANCE

PROCUREMENT &

CONSTRUCTION

ADVISEMENT

BALANCE OF

SYSTEMS

TECHNOLOGIES

ADVANCED PV

MODULES

PROJECT FINANCEPROJECT DEVELOPMENTENGINEERING &

PLANT OPTIMIZATION

GRID INTEGRATION

& PLANT CONTROL

SYSTEMS

Advancing the Entire Solar Value Chain

PROJECT FINANCE

© Copyright 2014, First Solar, Inc.© Copyright 2014, First Solar, Inc.

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Utility Scale Solar: Increasingly Cost-Competitive with Conventional Generation Resources

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Module pricing has fallen by 33.8% from 1H 2016

Source: GTM Research, “U.S. PV System Pricing H2 2016: System Pricing, Breakdowns and Forecasts”

8© Copyright 2014, FIRST SOLAR

'95 '96 '98 '99 '04 '15

5%

10%

15%

20%

25%

30%

'14

SINGLE CRYSTAL SILICON (Non-Concentrator)

MULTICRYSTALLINE SILICON

'97 '01 '02 '11 '12 '13 '16

FEBRUARY 2016

22.1% FSLR

CdTe

RESEARCH CELL EFFICIENCY: Fastest Innovation Rate in the Industry

Each point is a certified result as published in NREL’s “Record Cell Efficiency Records”

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ERCOT Projected Future Fuel Mix Changes

Source: ERCOT, Quick Facts 2015, 2016 Long Term System Assessment

2017

Natural Gas Coal Nuclear* Wind Solar

2031

Natural Gas Coal Nuclear* Wind Solar

Solar: 55,042,000 MWh

Natural Gas: 140,850,000 MWh Natural Gas:

191,987,000 MWh

Solar: 5,719,000 MWh

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Increased Renewable Energy Levels Improves Reliability

© Copyright 2014, First Solar, Inc.

TAKING ENERGY FORWARDpartnering with you to uncover solutions to your energy needs.

Colin Meehan

Director, Regulatory and Public Affairs

colin.meehan@firstsolar.com

(512)-537-2169