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16 June 2015

8point3 Energy Partners commences IPO

8point3 Energy Partners LP - a limited partnership formed in Marrch by telluride (CdTe) module maker First Solar Inc of Tempe, AZ, USA and solar panel and system maker SunPower Corp of San Jose, CA, USA to own and operate a portfolio of selected solar energy generation assets - has commenced an initial public offering of 20 million Class A shares. In addition, the underwriters have a 30-day option to purchase up to an additional 3 million shares at the IPO price (which is currently expected to be $19-21 per share) minus the underwriting discount. The shares are expected to be listed on the NASDAQ Global Market under the symbol 'CAFD'.

8point3 Energy Partners intends to use the net proceeds to purchase the common units of 8point3 Operating Company LLC, the entity that holds 8point3 Energy Partners' project assets. 8point3 Operating Company intends to use the proceeds from the sale of its common units (i) to make a cash distribution to each of First Solar and SunPower and (ii) for general corporate purposes, including funding future acquisition opportunities.

Goldman, Sachs & Co and Citigroup Global Markets Inc are acting as lead book-running managers for the IPO. Deutsche Bank Securities Inc, J.P. Morgan Securities LLC and Credit Agricole Securities (USA) Inc are acting as joint book-running managers.

See related items:

First Solar and SunPower file for IPO of partnership 8point3

First Solar and SunPower to partner to form joint venture

Tags: First Solar Thin-film photovoltaic CdTe

Visit: www.firstsolar.com

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