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First Solar wins 50MW order from Kiran Energy and Mahindra Solar One

First Solar, Inc. (Nasdaq: FSLR) has  completed an agreement for the supply of First Solar’s advanced, thin-film solar modules for two solar photovoltaic (PV) power plants totalling 50 megawatts(MW) DC to , Kiran Energy Solar Power Pvt. Ltd. and Mahindra Solar One.

The two adjacent projects, which together will be one of India’s largest PV installations upon completion, are part of the second batch of utility-scale solar projects concluded under India’s Jawaharlal Nehru National Solar Mission (JNNSM) and being constructed in the state of Rajasthan.

First Solar will supply more than 585,000 of its advanced, thin-film solar modules for the two projects of 30 MWDC and 20 MWDC. Construction on both projects is expected to begin this year and be completed in the first quarter of 2013.

“First Solar looks forward to working with two leading companies like Kiran and Mahindra Solar One to support India’s renewable energy goals, and we are pleased they selected our technology as the best solution for the high ambient temperatures and diffuse sunlight conditions here,” said Sujoy Ghosh, First Solar’s India Country Head.

“This is a very exciting project for us,” said Pramoda Karkal, Chief Operating Officer of Kiran Energy, “especially so because Kiran Energy, as well as our joint venture, Mahindra Solar One, will own the largest solar power plant aggregation in a single location in India. We are also very happy about our partnership with First Solar, which is providing its world-class PV technology. This will enable us to create a high-quality solar plant that could rank among the best in the country in terms of quality, uptime and output,” he said.

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