The project is expected to start construction in Q2 2012 and be completed in Q4 2012

TEMPE, Ariz.--First Solar, Inc. (Nasdaq: FSLR) today announced its 100 percent stake in Maryland Solar, a 20-megawatt (AC) photovoltaic (PV) solar power project in Hagerstown, Md.

The project, which has a contract to sell electricity and renewable energy credits to FirstEnergy Solutions, is expected to start construction in Q2 2012 and be completed in Q4 2012. It will use First Solar's advanced thin film PV modules to generate enough clean, renewable energy to power approximately 2,700 average Maryland homes, displacing approximately 23,000 metric tons of CO2 annually—the equivalent of taking 4,400 cars off the road each year.

"First Solar is pleased to continue its work in Maryland to help the state meet its renewable energy goals," said Frank De Rosa, First Solar Senior Vice President for business development — the Americas. "We are excited about moving forward on this project, which is expected to provide 125 construction jobs."

About First Solar, Inc.

First Solar manufactures solar modules with an advanced semiconductor technology, and is a premier provider of comprehensive photovoltaic (PV) system solutions. The company is delivering an economically viable alternative to fossil-fuel generation today. From raw material sourcing through end-of-life collection and recycling, First Solar is focused on creating value-driven renewable energy solutions that protect and enhance the environment. For more information about First Solar, please visit www.firstsolar.com.