First Solar indicators 4.9 GW deal for modules

Nov 18, 2022 12:26 PM ET
  • US producer's most current contracts with Intersect Power will provide projects due online from 2025
First Solar indicators 4.9 GW deal for modules
Image: First Solar

First Solar has participated in arrangements to provide an additional 4900MW (DC) of its thin film photovoltaic (PV) modules to Intersect Power.

When integrated with a previously introduced arrangement for 2.4 GW (DC) signed in July 2022, these deals take Intersect Power's overall orders for First Solar modules this year to 7.3 GW (DC).

Of the 4.9 GW, the contract to supply 1GW was signed prior to First Solar's third quarter 2022 earnings call in October, while the contract to supply the staying 3.9 GW was authorized subsequent to the October earnings phone call.

The orders put by Intersect Power this year will see a mix of First Solar's Series 6 Plus and also Series 7 modules deployed in its solar, storage, and green hydrogen projects coming online throughout the US from 2025 to 2029.

" We have an unprecedented chance to decarbonize our economy while simultaneously boosting our production industry as well as offering clean power protection," claimed Sheldon Kimber, president, Intersect Power.

He added: "First Solar's properly produced, high-performance modules are the foundation of our commitment to American modern technology and also employees.

" Our country's energy transition have to be American made."

Prior to 2022, Intersect Power had placed orders for an overall of 4.1 GW (DC) of modules in deals checked in 2019 as well as 2021.

" Intersect Power was among the early pioneers of long-term, multi-year purchase as well as has actually taken advantage of the assurance of supply and secure prices that this approach delivers," claimed Georges Antoun, primary commercial officer, First Solar.

" We boast of this withstanding partnership and also we're thrilled that, as Intersect Power remains to scale, its development will be underpinned by American solar innovation produced by First Solar."

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