Dimbach,Germany(1.

4MW);Blitzstrom/BeckEnergy

FirstSolar,Inc.
April24,2009 RichHossfeld

ForwardLookingStatements

This presentation contains forwardlooking statements which are made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934. The forwardlooking statements in this presentation do not constitute guarantees of future performance. Those statements involve a number of factors that could cause actual results to differ materially, including risks associated with the company's business involving the company's products, their development and distribution, economicandcompetitive factorsand the company's key strategic relationships, and other risks detailed in the company's filings with the Securities and Exchange Commission. First Solar assumes no obligation to update any forwardlooking information contained in this presentation or with respect to the announcements describedherein.

FirstSolarConfidential&Proprietary

FirstSolar,Inc.

FirstSolarOverview

FirstSolar,Inc.

FirstSolarIntroduction
Foundedin1999,amarketleaderin utilityscalecommercialandindustrial PVsystems Worldslargestsolarmodule manufacturer

>1GigaWatt(GW)manufactured; reaching>1GWofannual manufacturingcapacity bymid2009

NASDAQ(FSLR)MarketCapitalization of~$12billion

Worldslowestcost solarmodulemanufacturer $0.98/W(asofQ408) Targetinggridparityby20102012

FirstSolarConfidential&Proprietary

FirstSolar,Inc.

TheFirstSolarSolution
ModuleManufacturing
GlassIn 2.5Hours ModuleOut Breakthroughthinfilmprocesstechnology 99%reductioninhighcostsemiconductormaterial Fullyintegrated,continuousprocessvs.batchprocessing Noshortagesofsemiconductormaterial Costreductiontrajectorydrivenbyproductivityand technologyimprovements Large(2'x4')substratevs.6"wafers

SystemSolutions
FirstSolarspecializesinutilityscalePVsystems Engineering,procurementandconstructioncapabilitiesprovideturnkeysolution Monitoring&Maintenance(M&M)Program FixedM&Mpricingenablespredictableannualexpenses FirstSolarmonitorsandmaintainsthePVsystemsitdesignsoverthelifeofthesystem
FirstSolarConfidential&Proprietary FirstSolar,Inc.

EnvironmentalResponsibility
Collection&RecyclingProgram FirstSolarprovidesfreemodulecollectionand recyclingtoanyoneinpossessionofaFirstSolar module. FirstSolarprefunds100%ofestimatedcollectionand recyclingcostsatthetimeofmodulesaleina restrictedinvestmentaccounttobeusedsolelyfor collectionandrecycling. FirstSolar'sestimatedcostsofcollectionandrecycling wereindependentlyauditedbyGrantThorntonand ERATechnologiesinMay2007.

FirstSolarConfidential&Proprietary

FirstSolar,Inc.

FirstSolar'sGlobalPresence
Frankfurt(Oder),Germany
Manufacturing(191MW)2008

Perrysburg,Ohio
Manufacturing (144MW)2006 (191MW)2010

Bridgewater, NewJersey
SystemSolutions

Tempe,Arizona
CorporateHeadquarters

Kulim,Malaysia
Manufacturing (763MW)2009

FirstSolarConfidential&Proprietary

FirstSolar,Inc.

MarketStrategy

FirstSolar,Inc.

ModuleSupplyChannelStrategy
Over4GW/$6.3billioncurrentlycontractedwithLeadingEuropean Utilities,Project DevelopersandIntegrators

FirstSolarConfidential&Proprietary

FirstSolar,Inc.

BrandisPVPowerPlant
ModuleSupply
SystemSize: Site: Irradiance: DateCommissioned: ProjectDeveloper: Operator: SystemOwner/Investor: ModuleType: Inverter: 40MW Brandis,Germany 1020kWh/m2 2009 Juwi SolarFund SolarFund FS265,FS267,FS270 SMASC1000MV

FirstSolarConfidential&Proprietary

FirstSolar,Inc.

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ProjectProfiles
ModuleSupply

Site: SystemSize: Project Developer:

RoteJahne,Germany 6MW JuwiHoldingAG

Site: SystemSize: Project Developer:

Ramstein,Germany 2MW COLEXONEnergyAG

Site: SystemSize: Project Developer:

Bullas,Spain 5MW GehrlicherSolarAG

FirstSolarConfidential&Proprietary

FirstSolar,Inc.

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March2009:Announced30 MWfacilitynear Cimarron,NM;power soldunderPPAtoTri November2007:Acquired December2008:Completed2MW December2008:Completed StateGeneration pilotrooftopinstallationforSCE 10MWfacilityinNevada TurnerRenewable Constructionanticipated inCalifornia;awardedtwo forSempraGeneration; Energy,aleading April2009:Announced48 tobeginon550MW outputsoldunderlong commercialsolarproject additionalpilotprojectsaspart MWadditionto Topazproject ofSCEs250MWrooftop termPPAtoPG&E developer existingElDorado program facilitywithSempra Generation

U.S.UtilityMarketTimeline

2007
December2007:SignedPPAwith SCEforthesaleofelectricity generatedby21MWBlythe facility

2008 2009

2009&Beyond

October2008:Announced April2009:Completedacquisition Constructionanticipatedtobeginon strategicalliancewith ofOptiSolarsprojectpipeline, projectsforIPP/utilityaffiliate EdisonMissiontodevelop including550MWTopaz partners largescalePVprojectsin projectunderPPAwithPG&E thesouthwesternU.S.

FirstSolarStrategy
DevelopEPCcapabilities necessaryforentryintothe U.S.utilitymarket Forgerelationshipsthatwilldrivefuturebusinessand constructpilotprojectsthatproveoutFirstSolarscapabilities
FirstSolarConfidential&Proprietary

Employaccelerated deploymentschedulethat allowsFStoreducecosts thougheconomiesofscale andlearningcycles

FirstSolar,Inc.

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USUtilityBusinessModel
First Solar
Hardware/Installed Systems

Regulated Utilities

IPP Utility Affiliates

IPP - Other

Own and Operate

PPA

Regulated Entities
FirstSolarConfidential&Proprietary FirstSolar,Inc.

13

RegulatedUtilities
FontanaRooftopSystem,nearLosAngeles,CA
SouthernCaliforniaEdison(SCE)planstoinstallandown 250MW ofsolarcapacityonlargecommercialrooftops throughoutsouthernCAoverthenextfiveyears FirstSolarcompletedtheprogramsinitial2MW installationinDecember2008andwasawardedthe programssecond(1MW underconstruction)andthird (1.5MW)projects

Site: SystemSize: Completed: SystemPurchaser:

FirstSolarConfidential&Proprietary

Fontana,CA 2MW(AC) December2008 SouthernCaliforniaEdison

FirstSolar,Inc.

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IPP/UtilityAffiliates
ElDoradoEnergy,nearLasVegas,NV
Builtnexttoexistingnaturalgasplant Builtinlessthan5months137days 48MWexpansiontobeginin2009

Site: SystemSize: Completed: SystemPurchaser:

FirstSolarConfidential&Proprietary

ElDorado,NV 10MW(AC) December2008 SempraGeneration

FirstSolar,Inc.

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RegulatedUtilityPartners
760MWofexecutedPPAs 550MWTopazprojectinSouthernCalifornia 210MWOPAcontractsinCanada

1,300MWshortlistedwithutilities 136,000acresoftotallandsecuredandidentified

FirstSolarwillengineer,procureandconstructa30MW facilityinnortheasternNewMexico;power willbesoldundera25yrPPAtoTriStateGeneration LargestPVcontractsignedbyanelectriccoop intheU.S. FirstutilityscalePVprojectinNewMexico

FirstSolarwillengineer,procureandconstructa21MWfacilityinBlythe,CA;powerwillbesold undera20yrPPAtoSCE

FirstSolarConfidential&Proprietary

FirstSolar,Inc.

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FirstSolarLocations
WorldHeadquartersTempe,Arizona,USA Manufacturing Perrysburg,Ohio,USA Frankfurt(Oder),Germany Kulim,Malaysia

EuropeAmsterdam,Netherlands BusinessDevelopment Berlin,Germany EUGovernment&PublicAffairs Brussels,Belgium EUGovernment&PublicAffairs Mainz,Germany Sales&CustomerSupport Madrid,Spain Sales&CustomerSupport

NorthAmericaBridgewater,NewJersey SystemSolutions NewYork,NewYork CorporateDevelopment Hayward,California ProjectDevelopment

FirstSolarConfidential&Proprietary

FirstSolar,Inc.

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