First Solar inks PV module order with Azure

• United States producer will supply 600MW (dc) of its thin-film modern technology from new Tamil Nadu factory

First Solar has actually entered into an agreement to supply 600MW (dc) of its thin-film photovoltaic (PV) solar modules to Azure Power Global, a renewable power producer in India.

The agreement is the first for manufacturing from First Solar's new manufacturing facility in Tamil Nadu, India, which is expected to be commissioned in the second half of 2023.

Under the agreement, Azure is expected to take shipment of First Solar's Series 7 PV modules from the 4th quarter of 2023 to 2025.

First Solar's vertically incorporated manufacturing facility, situated near Chennai, is projected to have an annual nameplate capacity of 3.3 GW (dc) as well as is anticipated to produce a version of the business's Series 7 modules that is optimized for the Indian market.

" We delight in to partner with First Solar with their most recent Series 7.

" Having a lasting agreement with international solar modules technology leaders like First Solar is vital to de-risking our supply side with the most up to date modern technology available in the marketplace," stated Rupesh Agarwal, acting ceo, Azure Power.

First Solar chief commercial officer Georges Antoun claimed: "Our partnership with Azure Power goes back over a years and we are pleased that it is the launch customer for an item that has not only been made for India, yet made in India, for India.

" This bargain demonstrates exactly how seasoned designers and also independent power manufacturers in India are increasingly taking a tactical view on procurement and also securing long-lasting commitments that help deal with the threats of temporary rates and supply volatility.

" When collaborating with First Solar, they take advantage of assurance of prices and also supply, and a technology that is advantaged in India's operating environments."

First Solar's modules have a carbon footprint that is two-and-a-half times lower and also a water footprint that is 3 times less than the ordinary crystalline silicon solar panel made with cells created in China.

Furthermore, First Solar is the only company amongst the 10 biggest solar producers internationally to be a member of the Responsible Business Alliance (RBA), the globe's largest market coalition dedicated to sustaining the civil liberties and wellness of employees and neighborhoods in the international supply chain.

In addition to its new production facility in India as well as a third manufacturing facility in the US, both of which are expected to come online in 2023, First Solar lately introduced that it prepares to spend up to $1.2 bn in constructing a fourth factory in the US south-east and broadening the capacity of its existing production footprint in Ohio.

The new financial investments are expected to scale the firm's annual production capacity in the US by 4.4 GW (dc) permitting it to get to over 20GW (dc) of global annual production capacity by 2025.