First Solar has entered into agreements to supply an additional 4900MW (DC) of its thin film photovoltaic (PV) modules to Intersect Power.
When combined with a previously announced agreement for 2.4GW (DC) signed in July 2022, these transactions take Intersect Power’s total orders for First Solar modules this year to 7.3GW (DC).
Of the 4.9GW, the agreement to supply 1GW was signed prior to First Solar’s third quarter 2022 earnings call in October, while the agreement to supply the remaining 3.9GW was signed subsequent to the October earnings call.
The orders placed by Intersect Power this year will see a combination of First Solar’s Series 6 Plus and Series 7 modules deployed in its solar, storage, and green hydrogen projects coming online across the US from 2025 to 2029.
“We have an unprecedented opportunity to decarbonize our economy while simultaneously bolstering our manufacturing sector and providing clean energy security,” said Sheldon Kimber, chief executive officer, Intersect Power.
He added: “First Solar’s responsibly produced, high-performance modules are the cornerstone of our commitment to American technology and workers.
“Our country’s energy transition must be American made.”
Prior to 2022, Intersect Power had placed orders for a total of 4.1GW (DC) of modules in deals signed in 2019 and 2021.
“Intersect Power was one of the early pioneers of long-term, multi-year procurement and has benefitted from the certainty of supply and stable pricing that this approach delivers,” said Georges Antoun, chief commercial officer, First Solar.
“We’re proud of this enduring partnership and we’re thrilled that, as Intersect Power continues to scale, its growth will be underpinned by American solar technology produced by First Solar.”