First Solar is on a roll as the American solar module manufacturer lands module supply deals after module supply deals, and today it has announced securing 2.4 GW DC worth of capacity from its existing client Intersect Power for its US projects.
First Solar is to supply these modules to Intersect Power between 2024 and 2026. The latter plans to deploy this capacity for its solar, storage and green hydrogen projects coming online across the US between 2025 and 2027.
Intersect Power counted its total portfolio comprising 2.4 GW in June 2022 when it raised $750 million growth equity investment which it said will take its clean energy platform to over 8 GW (see $750 Million Investment For US Solar Developer).
The American thin-film module manufacturer says a large portion of this order will be fulfilled from the company's Northwest Ohio manufacturing complex where it aims to have 6 GW total manufacturing capacity with the addition of 3.3 GW additional production capacity (see First Solar's 3.3 GW DC Ohio Fab Enters Construction).
This isn't the 1st Intersect's GW-scale order for First Solar as back in 2019 and 2021 it sought to purchase 4.1 GW DC capacity. Of the total 6.5 GW DC, approximately 6.4 GW DC is to be deployed by 2027.
First Solar said this deal makes Intersect power as one of the world's largest buyers and operators of its CdTe solar modules.
Georges Antoun, the Chief Commercial Officer of First Solar said, "By powering its growth with American solar, Intersect Power is directly supporting US manufacturing and jobs and enabling a durable domestic supply chain. It is also demonstrating the ability of American solar technology not just to compete, but to help drive our country's transition to a sustainable energy future."
Recently, French company Akuo Energy said it will use 500 MW DC solar modules from First Solar for its US, Europe and other regions (see First Solar Gets Akuo Energy Module Order).
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