First Solar Announces Multi-Year Supply Contract with Pfalzsolar

First Solar, Inc. and Pfalzsolar, GmbH, a fast-growing German solar project developer owned by Pfalzwerke AG, a public utility in the state of Rhineland-Palatinate, today announced the signing of a new long-term supply agreement.

The latest in a series of utility-linked agreements initially foresees delivery of First Solar’s photovoltaic modules to Pfalzsolar, beginning immediately, for use in rooftop and free field solar projects in Germany.

“This agreement reinforces First Solar’s relationships with utility-owned project developers and demonstrates that local utilities increasingly see photovoltaic power as a necessary component of their future electricity generation portfolio,” said Stephan Hansen, managing director of First Solar GmbH.

“We are pleased to have gained Pfalzsolar as an additional customer in a key market at a key period for the evolution of solar electricity in Europe,” added John Carrington, executive vice president, global marketing and business development.

Ali Boukhalfa, managing director of Pfalzsolar GmbH, said the company was delighted to have reached a long-term supply agreement with First Solar. “The agreement gives us the guarantee of being able to offer high-performance modules at competitive prices, thereby helping us fulfill our ambitious growth targets,” he said.