Publish Date : 01-Oct-2019
US-headquartered First Solar, Inc. announced that it will supply more than 1.7 gigawatts (GW)DC of its high-performance Series 6 photovoltaic (PV) modules to utility-scale renewable energy developer Intersect Power as part of a multiyear supply agreement. Deliveries will commence in the fourth quarter of 2020 and will continue until the end of 2021.
Modules supplied as part of the agreement, the single largest order for Series 6 modules to date, will be deployed at five projects developed by Intersect Power and built by Signal Energy in Texas and California. In addition to this 1.7GW portfolio, Intersect Power has a multi-gigawatt pipeline of projects in early- and mid-stage development.
With the scale of this transaction, we knew it was critical to partner with a top-tier module manufacturer like First Solar that can reliably deliver a world-class, high-performance product at competitive prices, said Sheldon Kimber, CEO, and co-founder of Intersect Power. Our decision to contract with First Solar was based on our confidence in its Series 6 technology and its ability to stand behind its obligations. There has never been more noise and chaos in the module market, which makes trusted partners with widely proven technologies more valuable than ever.
Produced in just 3.5 hours using sophisticated, fully-integrated manufacturing processes, each large-format Series 6 module leverages First Solars proprietary thin film technology, retaining the proven performance and reliability advantages of earlier generation modules. The innovative design, with its larger form factor and under-mount, single cross-bar frame, improves installation rates and Balance of System (BOS) costs. With a carbon footprint that is up to six times lower than crystalline silicon PV panels that are manufactured using conventional, energy-intensive production methods, Series 6 delivers a superior environmental profile and cleaner solar electricity.
Intersect Powers decision to invest in Series 6 on such a large scale validates the technologys performance advantage over conventional solar panels, its competitiveness, and its bankability, said Georges Antoun, Chief Commercial Officer, First Solar. It is also a testament to the confidence that our customers have in our ability to deliver on our commitments; certainty is a valued but sometimes rare attribute in the PV module industry.
First Solar is expanding its manufacturing capacity to meet the demand for Series 6 modules, with its second facility in the United States - representing nearly $1 billion in cumulative investment - expected to start production in early-2020. Once operational, the new facility in Perrysburg, Ohio, will take First Solars aggregate Series 6 manufacturing capacity to 5.4GW per year.
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