Ownership Submission
FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Gaffney John T
 2. Date of Event Requiring Statement (Month/Day/Year)
01/15/2008		 3. Issuer Name and Ticker or Trading Symbol
FIRST SOLAR, INC. [FSLR]
(Last)
(First)
(Middle)
C/O FIRST SOLAR, INC., 4050 EAST COTTON CENTER BLVD.		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Executive VP/General Counsel
 5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

PHOENIX, AZ 85040		 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 4,000 (1)
D
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Option to Buy   (2) 12/31/2014 Common Stock 100,000 $ 267.14 D  
Restricted Stock Units   (4)   (4) Common Stock 26,203 $ (3) D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Gaffney John T
C/O FIRST SOLAR, INC.
4050 EAST COTTON CENTER BLVD.
PHOENIX, AZ 85040		       Executive VP/General Counsel  

Signatures

/s/ John T. Gaffney 01/18/2008
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) On November 17, 2006, Mr. Gaffney purchased 4,000 shares of First Solar, Inc. common stock in an open market transaction at a price of $24.7599 per share for a total cost of $99,039.50.
(2) Of the 100,000 options held, 20,000 will vest on December 31, 2008, 20,000 will vest on December 31, 2009, 20,000 will vest on December 31, 2010, 20,000 will vest on December 31, 2011 and 20,000 will vest on December 31, 2012.
(3) Each restricted stock unit represents the right to receive, following vesting, one share of First Solar, Inc. common stock.
(4) The units are scheduled to vest in 20 equal quarterly installments commencing on March 31, 2008.

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