First Solar Bags 1 GW Solar Module Supply Contract

Leeward Renewable Energy Expands Module Supply Contract With First Solar By 1 GW DC

First Solar Bags 1 GW Solar Module Supply Contract

As US solar module supply chain battles uncertainty over module supply in the face of ongoing anti-circumvention investigation, developers are securing local supply by placing long term orders with local suppliers as First Solar. LRE has expanded its module supply agreement with First Solar by 1 GW DC now. (Photo Credit: First Solar, Inc)

  • Leeward Renewable Energy has placed an order for 1 GW DC of First Solar solar modules
  • It plans to deploy this capacity for its 20 GW worth of solar development and construction pipeline in the US
  • Leeward said the contract brings it stability, predictability and diminished risk from geopolitical tensions in the US solar module supply chain

First Solar, Inc has grown its order book by 1 GW DC after Leeward Renewable Energy (LRE) contracted the US solar module manufacturer to supply this capacity of its ‘advanced, ultra-low carbon’ thin film panels.

LRE said it will deploy this 1 GW DC capacity for its solar development and construction pipeline across the US counting it at 20 GW over 2023 and 2024.

With this contract, LRE and First Solar’s module supply agreements expands to around 3 GW, all of which will be deployed by the former for 18 new sites between 2022 and 2024.

A portfolio company of Canadian pension fund OMERS Infrastructure, Leeward had purchased 1.8 GW of Series 6 and Series 4 solar modules from First Solar in January 2021 when it acquired a 10 GW AC project development platform of the latter (see First Solar Selling US Project Development Business).

“This agreement creates significant growth opportunities bringing stability, predictability and diminished risk from geopolitical tensions to our solar module supply chain, and by extension to our finance, construction, and offtake partners,” said LRE’s Chief Strategy Officer, Eran Mahrer. “We look forward to working closely with First Solar and other U.S.-based component manufacturers as we aggressively expand our solar portfolio.”

Recently, First Solar secured a 4 GW DC long term module contract from Silicon Ranch Corporation and a 750 MW DC order from Origis Energy (see First Solar Bags 4.75 GW DC Module Orders).

US developers are entering long term module deals for their projects as the market fights an environment of uncertainty with the ongoing investigation into Auxin Solar’s anti-circumvention complaint throwing the demand and supply scenario off the course. While sharing its Q1/2022 results, NextEra Energy cited the problem of module availability as the reason for the management to expect up to 2.8 GW of its 2022 solar and storage capacity to be shifted to 2023, as local suppliers are booked through 2024 (see NextEra: Up To 2.8 GW US Solar & Storage May Shift To 2023).

About The Author

Anu Bhambhani

Anu Bhambhani is the Senior News Editor of TaiyangNews

Latest Videos

Loading...
Subscribe To Our Taiyang NewsLetter 
Enter your email to receive our daily solar sector updates.