First Solar Inks 5GW Deal with Energix
- First Solar has agreed to supply 5GW (dc) of its thin-film solar modules to Energix Renewables for projects in Israel, Poland, and the US, with First Solar Recycling Services managing end-of-life handling. First Solar is investing $1.5bn to expand their US manufacturing and R&D innovation centre by 2026.
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. Energix has also contracted First Solar Recycling Services to manage end-of-life handling of decommissioned modules. First Solar chief commercial officer Georges Antoun said, “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.” The company is investing approximately $1.3bn to expand its US manufacturing footprint to 10.9GW (dc) by 2026. This includes $1.1bn for a new 3.5GW (dc) facility in Alabama and a $185m expansion of its existing manufacturing footprint in Ohio. In addition, an investment of up to $370m is expected for an R&D innovation centre in Perrysburg, Ohio to be completed in 2024.
What Benefits Does First Solar Offer Energix?
- Lower energy costs: First Solar provides Energix with reliable thin-film solar modules that will result in lower energy costs for the projects.
- Long-term pricing and supply certainty: Energix won’t have to worry about fluctuating prices or availability of the modules as First Solar guarantees the pricing and supply over the long-term.
- End-of-life management: First Solar’s Recycling Services will manage end-of-life handling of decommissioned modules.
- Expansion of First Solar’s manufacturing footprint: The company is investing approximately $1.3bn to expand its US manufacturing footprint to 10.9GW (dc) by 2026.
- R&D innovation centre: An investment of up to $370m is expected for an R&D innovation centre in Perrysburg, Ohio to be completed in 2024.
