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Home » Uncategorized » First Solar inks 5GW module deal
Solar

First Solar inks 5GW module deal

SaraBy SaraJuly 17, 20232 Mins Read
Pattern Energy turns sod on 105MW Texas solar

First Solar has reached an agreement with Energix Renewables to supply the developer with 5GW (dc) of its thin-film solar modules.

The modules, which will power Energix projects in Israel, Poland, and the United States, will be delivered between 2026 and 2030.

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The developer’s portfolio comprises more than 7GW of projects under development.

Energix has also contracted First Solar Recycling Services to manage end-of-life handling of decommissioned modules.

Prior to this latest agreement deal, Energix has placed over 3.5GW (dc) of orders for First Solar technology since 2017.

“As we grow our pipeline, we want a trusted partner that will not compromise on quality, its commitments, or principles, and that partner is First Solar,” said Asa Levinger, chief executive officer, Energix.

Levinger added: “This deal, our largest ever, strongly reflects the long-term strategic partnership we share with First Solar.

“It also constitutes a significant milestone for Energix’s long-term growth, as we rapidly expand our global pipeline, with an emphasis on the United States.”

First Solar chief commercial officer Georges Antoun said: “We are pleased that Energix will power its asset portfolio with First Solar’s module technology.

“This is another example of a large, sophisticated player choosing to de-risk its development portfolio by working with us.

“They recognize that they do not simply get a high-quality, high-performance, responsibly-produced PV module, but a trusted partner and long-term pricing and supply certainty, which are rarities in the solar industry.”

First Solar is investing approximately $1.3bn in expanding its US manufacturing footprint from over 6.5GW (dc) of annual nameplate capacity currently, to approximately 10.9GW (dc) by 2026.

In addition to the $1.1bn expected investment in a new 3.5GW (dc) facility in Alabama, the company has also embarked on a $185m expansion of its existing manufacturing footprint in Ohio and also announced an investment of up to $370m for a dedicated research and development (R&D) innovation centre in Perrysburg, Ohio, which is expected to be completed in 2024.

Energix First Solar Solar
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