© copyright 2013, first solar, inc

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Who is Frank Spencer?

• 14 years in or near the Renewables market in SA.

— Last 5 years in PV, off-grid and rooftop.

• Passionate to address the sustainability challenges:

— Energy, Food, Water, Poverty, Urbanisation, Climate Change.

— With cheap sustainable energy, we can help solve them all.

• Chair of the SAPVIA embedded generation sub-committee.

• Now working on Embedded Generation at First Solar South Africa:

— “We believe that clean affordable solar electricity is an essential part of the worldwide energy mix.”

— “We believe clean energy should be available to everyone, even to the 1.3 billion people not currently connected to an electricity grid.”

— Technology potential, end-end solution provider, access to capital.

Disclaimer: I am not representing First Solar in this forum. The views expressed in this presentation are all my personal views and do not represent First Solar ‘s official position.

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First Solar at a Glance

Driving innovation across entire value chain and plant solution

Cost competitive with conventional energy sources today

Partner of choice for leading utilities and global power buyers

Over 10GW installed worldwide and a 2.8GW contracted pipeline

Founded in 1999 and publicly traded on Nasdaq (FSLR)

Strongest financial stability & bankability in the industry

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Size 4.6MW (DC)

Commisioned December, 2008

Developer COLEXON Energy AG

HASSLEBEN, Germany

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Size 520kW (DC)

Commisioned October, 2007

Developer juwi Solar gmbH

Located over a fruit market, is a prime example of First Solar’s leadership in the Italian commercial rooftop market. MARGREID, ITALY

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South African Solar PV Embedded Generator Projects

Nr Description/Location Application / name Project Size(kW) Name of installer company

1 Black River Park Industrial 1200 Unknown

2 Ceres Coldrooms Commercial 1015 Unknown

3 Chronimet Mining 1000 Solea renewables

4 Belgotex Industrial 1000 Sustainable Power Solutions

5 Dube Trade Port Packhouse CIndustrial 711 Sustainable Power Solutions

6 Dube Trade Port Farmwise Industrial 408 Sustainable Power Solutions

7 Dube Trade Port Agrilab Industrial 75 Sustainable Power Solutions

8 Dube Trade Port Bunded C Industrial 10 Sustainable Power Solutions

9 Silver stream business Park 691 Solafuture

10 KPMG Commercial 652 Bright Black Solar

11 Kendal Solar 620 African sun energy

12 Fast Flame Commercial 618 Green Habitat

13 MAN Truck KZN Commercial 580 Solaray

14 Wembley square 576 Solafuture

15 Lethabo Solar 575 African sun energy

16 Waterfall Mall Commercial 574 Solarcentury Africa

17 Anglo American: Goedehoop Mining 553 Sunworx Solar

18 Vodacom Century City 542 In-toto Solutions

19 Rooibos Facility Commercial 511 African Technical Innovations

20 Hazelmere CPV 500 Soitec

21 Clearwater Mall Commercial 500 Solareff

22 Lourensford Agricultural 500 Sustainable Power Solutions

23 Bayside Mall Commercial 500 Sustainable Power Solutions

24 Arbeidsvreugd Agricultural 450 Renewable energy design

25 Villiersdorp Cold storage Commercial 450 Treetops Renewable Energy Systems

26 Life Anncron Clinic Hospital 444 Green Habitat

27 Stellenpak Fruit packers 420 Unknown

28 Eskom Megawatt ParkRooftopCommercial 400 Unknown

29 Eskom Rosherville Commercial 400 Unknown

30 Eskom Rooftop Commercial 358 Romano

31 VAE South Africa Commercial 353 SunCybernetics

32 USAID New Buildings Commercial 354 Solarcentury Africa

33 Bosco Factory PV Plant Commercial 304 Soventix

34 Pick n Pay Distribution Commercial 300 Soventix

35 Apple warehouse Agricultural 288 Solairedirect

36 Bowler Plastics Phillipi 280 Sustainable Power Solutions

37 Optichicks Lichtenburg Agricultural 279 Renenergy

38 BMW Dealership Commercial 275 Tasol

39 Epson Downs Shopping centreCommercial 271 Bright Black Solar

40 Alrode South Commercial 266 Unknown

41 FNB Data centre Commercial 242 Tasol

42 Anglo American: Kriel 1 Mining 240 Solar Power Africa

43 Vrede & Lust 218 MLT Drives

44 Mustek Midrand Commercial 213 Green Habitat

45 Cape Quarter 212 Solafuture

46 De Grendel Winery Agricultural 210 Emergent Energy

47 O.R.Tambo Precinct Commercial 200 Unknown

48 Apex Commercial 200 Solareff

49 Northlands corner shopping centreCommercial 204 Green Habitat

50 Rectron Midrand Commercial 167 Green Habitat

51 DAWN Germiston Commercial 166 Avelar

52 Bo-Radyn Farm Agricultural 162 EnerGworx

53 PnP Longmeadow Commercial 150 Romano

54 Landrover Commercial 150 Romano

55 Glaxo Smith Kline Phase 1 Industrial 143 Sustainable Power Solutions



58 Villiera Wine Estate Agricultural 132 Unknown

59 Blue jay fruit Agricultural 127 Unknown

60 Liparm Commercial 124 Tasol

61 Anglo American: Kriel 2 Mining 120 Sunworx Solar

62 Centurion car park Commercial 120 Green Habitat

63 Dry Ice international commercial 114 Ilaanga Energy

64 Woolworths 108 Solafuture

65 Standard Bank Commercial 105 Kayema

66 Magaliesburg School Commercial 104 Tasol

67 Anglo american Highveld HospitalMining 105 Sustainable Power Solutions

68 HQ Foods Cape Town Commercial 103 Emergent Energy

69 Quoin Rock Winery Agricultural 102 Emergent Energy

70 Bloemhof Commercial 100 Bright Black Solar

71 Pearson Publishing 102 Solafuture

72 Pick n pay Nicol Commercial 100 Romano

73 Japanese Embasy Pta Commercial 100 Unknown

74 Ground mount sustainable solutions 100 Sustainable Power Solutions

75 Vereeniging Commercial 100 Sunworx Solar

76 Anglo American: Greenside Mining 90 Sunworx Solar

77 Fluor office park Commercial 88 Solarcentury Africa

78 Zenprop Commercial 88 Solarcentury Africa

79 J.C.Bosman & Groenfontein Agricultural 88 African Technical Innovations

80 Tasol Park Commercial 86 Tasol

81 Rectron Port elizabeth Commercial 85 Green Habitat

82 Historic wine Commercial 84 Emergent Energy

83 Aquilla safari lodge Hospitality 82 Unknown

84 Cornerstone Commercial 81 Unknown

85 Noordwyk secondary school Commercial 75 Reutech Solutions

86 Kia dealership Commercial 70 Aurecon

87 Glenelly Wine Estate commercial 70 Ilaanga Energy

88 Kagga Kamma 70 Ilaanga Energy

89 BP Offices Commercial 67 Sustainable Power Solutions

90 Eric Miles Commercial 62 Solsquare

91 Cape Town Mitchells plain hospitalCommercial / Industrial 62 Solsquare

92 La Motte Winery Agricultural 60 Emergent Energy

93 Klein Constantia Agricultural 60 Emergent Energy

94 Cavalli Wine and Stud Farm Agricultural 58 Soventix

95 Trempak Commercial 57 Bright Black Solar

96 NWK Retail lichtenburg Agricultural 56 Renenergy

97 Midrand Industrial / Manufacturing 53 AmSolar

98 Bosman Family vineyards Agricultural 53 Soventix

99 Boland bottling plant Commercial 48 Treetops Renewable Energy Systems

100 Medi clinic oudtshoorn Commercial 46 1 energy

101 Oldenburg Vineyards Agricultural 45 Soventix

102 School Soweto commercial 40 Ilaanga Energy

103 BMS Woodmead Commercial 36 Unknown

104 Bytes Technology WoodmeadCommercial 36 Solarcon

105 Bryanston High school stage 1Commercial 36 Solareff

106 Bryanston High school stage 2Commercial 0 Solareff

107 Lelienfontein Agricultural 35 Unknown

108 Office block pretoria Commercial 35 African Technical Innovations

109 Rectron Cape Town Commercial 34 Green Habitat

110 Hessequa Municipality Commercial 33 Sustainable Power Solutions

111 Beaufort West Municipality Commercial 33 Sustainable Power Solutions

112 Humansdorp Butchery Stage 1Commercial 30,5 GFTrust

113 Humansdorp Butchery Stage 2Commercial 0 GFTrust

114 Humansdorp Butchery Stage 3Commercial 0 GFTrust

115 Medtronics Medical 31 Solarcon

116 Impahla Clothing Industrial / Manufacturing 30 Sustainable Power Solutions

117 Valpre Spring Water Plant Industrial / Manufacturing 30 Unknown

118 Water treatment plant WitbankCommercial 30 Unknown

119 Numsa Commercial 30 Green Habitat

120 Stephen van Zyl Farm Agricultural 30 Solairedirect

121 Store-age Pinehurst Commercial 30 Sustainable Power Solutions

122 Panamero Commercial 29,5 Solareff

123 Kleinood Agricultural 28 Emergent Energy

124 Eskom sunninghill CPV Commercial 26 Unknown

125 Khayalitsha Distric Hospital Commercial 25 Sustainable Power Solutions

126 Koppie Alleen Commercial 25 Sunworx Solar

127 Solar irrigation system MontagueAgricultural 24 Unknown

128 Rand transmission company Commercial 23 Tasol

129 Chaloner Commercial 21 Emergent Energy

130 Hilton Commercial 20 Genset Power

131 Cybersmart Commercial 20 Emergent Energy

132 Vineyard Hotel spa 20 Msolar

133 Eirax Commercial 18 Solareff

134 Khayalitsha Environmental Health Offices 17 Solafuture

135 Phofu Lodge 15 Specialised Solar systems

136 Oudtshoorn 15 Specialised Solar systems

137 Kyalami 15 Unknown

138 Cavendish Square Commercial 15 Solarport

139 Fourways Office block 14 AmSolar

140 Total Florida commercial 12 Ilaanga Energy

141 Total Clayville commercial 12 Ilaanga Energy

142 House Whitaker Commercial 12 Emergent Energy

143 Sitho Commercial 11,5 Solareff

144 Fountain liquor wholesalers commercial 11 Ilaanga Energy

145 Casson/Trichardstreet commercial 11 Ilaanga Energy

146 Bottlestore Elsburg 1 commercial 11 Ilaanga Energy

147 Benoni School 11 AmSolar

148 Agape Commercial / Industrial10,8 Solareff

149 Nkosibomvu High School Commercial 10,4 Sustainable Power Solutions

150 Umhloti Primary School Commercial 10,35 Sustainable Power Solutions

151 Hout bay 10 Msolar

152 Kyber Rock, Woodmead residential/commercial 10 Ilaanga Energy

153 Piketberg 10 Msolar

154 Bottlestore Elsburg 2 commercial 10 Ilaanga Energy

155 Greenpeace Africa Commercial 10 Unknown

156 Alrode, Alberton commercial 10 Ilaanga Energy

157 Wellington 10 Msolar

158 Stellekaya Wine Farm Agricultural 10 Southern Sun Solar

159 Theunissen 10 Specialised Solar systems

160 Vodacom Midrand Commercial 9,5 Kayema

161 Wolwedans Commercial 9 Emergent Energy

162 Kanga river lodge Commercial 8 Emergent Energy

163 Cape Town 8 Msolar

164 Moller Pretoria residential 8 Ilaanga Energy

165 Home skeerpoort residential 7,5 Off-grid tech

166 Nakuru Residential 7,2 Solareff

167 Christian brothers centre Commercial 7 Emergent Energy

168 Dept infrastructure and developmentCommercial 6 Green Habitat

169 Rietkol 6 Sunworx Solar

170 Durbanville 5,8 Msolar

171 Ridge Residential 5,7 Solareff

172 Hout bay 5,5 Msolar

173 Southdowns 2, centurion Residential 5,4 Solareff

174 New Castle Commercial / Industrial5,3 Solsquare

175 Bryanston Residential 5,3 Solareff

176 Hambanathi Primary School Commercial 5,3 Sustainable Power Solutions

177 Ellermann Residential 5 Bright Black Solar

178 Claremont 5 Msolar

179 Early adopter Residential 5 Bright Black Solar

180 Meyersdal Apr 2011 5 AmSolar

181 Two Oceans Aquarium 5 Sustainable Power Solutions

182 Westgate Taxi facility Commercial 5 Green Habitat

183 President Park Midrand commercial 5 Ilaanga Energy

184 residence Pretoria residential 5 Ilaanga Energy

185 Bryanston Residential 4,8 AmSolar

186 Pretoria Residential 4,8 Netshield SA

187 Llandudno 4,5 Msolar

188 Constantia 4,5 Msolar


190 Tokai 4,5 Msolar



193 Durban botanical gardens Agricultural 4,4 Unknown

194 Gos Carolina residential 4 Ilaanga Energy

195 residence Hartebeespoort residential 4 Ilaanga Energy

196 Matjiesfontein 4 Specialised Solar systems

197 Pretoria/Wonderboom commercial 4 Ilaanga Energy

198 Randjiesfontein residential 4 Ilaanga Energy


200 Trubel Primary School Commercial 3,6 Sustainable Power Solutions

201 Southdowns 2, centurion Residential 3,6 Solareff

202 Contermans kloof 3,6 Msolar

203 Southdowns, centurion Residential 3,6 Solareff

204 Faerie Glen Residential 3,6 Solareff



207 Clan William 3,2 Msolar

208 Northcliff Residential 3,2 Owner installed

209 Midrand Residential 3 AmSolar

210 Gauteng Residential 3 Tasol






























240 St.Francis Bay Residential 2,9 Solareff

241 Klipkrans Residential 2,7 Solareff

242 residence Rietondale residential 2,5 Ilaanga Energy

243 Sunny Ridge Residential 2,3 Solareff

244 Protsonia, PE Residential 2 GFTrust

245 Waterfall estate 2 AmSolar

246 Zootee Studios 2 Southern Sun Solar

247 Somerset College Commercial 2 Sustainable Power Solutions

248 Kensington Jhb 2 AmSolar

249 Piet Retief 1,6 AmSolar

250 Vorna Valley Midrand residential 1,2 Ilaanga Energy

251 Northcliff 1,2 AmSolar

252 Sterk rivier Farm / Agricultural 1,2 Solsquare

253 NC Farm project Farm / Agricultural 0,5 Solsquare

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$0.00

$0.10

$0.20

$0.30

$0.40

$0.50

$0.60

Coal NuclearU.S. (NG) Japan (LNG) U.S. (NG)

Gas PeakingEU (NG) Japan (LNG) India

DieselAustralia EU

First Solar

Cost Competitive with Conventional Energy Sources Today

Sources: Coal and Nuclear: Bloomberg New Energy Finance LCOE Update: Q2 2013; Gas Combined Cycle, Gas Peaking, and Diesel: Lazard LCOE Sensitivity Analysis June 2013; First Solar: Internal data. (a) Does not include cost of carbon capture. (b) NG = natural gas. LNG = liquefied natural gas. Data assumes natural gas prices of $10 in Northern Europe and $18 in Japan (all in US$ per MMBTU). (c) Assumes diesel prices of $3.00 for India, $4.30 for Australia, and $7.00 for Northern Europe (all in US$ per gallon). Diesel assumes a high end capacity factor of 30% representing intermittent utilization and low end capacity factor of 95% representing base load utilization, O&M cost of $15 per KW/year, heat rate of 10,000 BTU/KWh and total capital costs of $500-$800 per KW of capacity.

a b b c Gas Combined Cycle

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Future of Embedded Generation Solar PV in SA

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Future of Embedded Generation Solar PV in SA

Government DoE IRP2010 update figures

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Estimated Tariffs vs Viable Project

R -

R 0.20

R 0.40

R 0.60

R 0.80

R 1.00

R 1.20

R 1.40

R 1.60

R 1.80

R 2.00

Residential Commercial Industrial

PV Price no grants

PV Price, grants / soft-funding

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Csae Study: 500kWp system (typical)

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Project Financials over 10 years – project lifespan 25 years+

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REIPPP Pricing

[email protected]

mailto:[email protected]

© copyright 2013, first solar, inc

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