Lend Lease Collaborates With First Solar to Provide Solar Energy Solutions Across Its Australian Portfolio

June 15, 2009

TEMPE, Ariz.--(BUSINESS WIRE)--Building on its leadership position in the delivery of sustainable property solutions, Lend Lease today announced a supply agreement with First Solar, Inc.,(Nasdaq:FSLR) one of the world’s leading solar technology providers. Lend Lease's project management and construction business, Bovis Lend Lease, has signed a contract with First Solar for the supply of 10 megawatts (MW) of solar panels. Lend Lease is looking to leverage this relationship across its Australian construction business, as well as its existing development portfolio. Tony Costantino, Bovis Lend Lease's Australian CEO, said this relationship is a significant step forward in the provision of solar technology not only for Lend Lease but also Australia. "We are pleased to be working with First Solar, one of the leading solar companies, and to be entering the solar procurement market. This relationship allows us to meet the growing demands in renewable energy for our clients and ensures that solar energy is a consideration on every project. We look forward to working together on future opportunities." Solar energy is the most readily available form of renewable energy in Australia and First Solar's innovative technology provides access to this abundant resource via the most cost-effective form of photovoltaic (PV) technology available in today's market.

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