09.25.19
First Solar, Inc. announced that it will supply more than 1.7 gigawatts (GW)DC of its 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.
“Our decision to contract with First Solar was based on our confidence in its Series 6 tech-nology and its ability to stand behind its obligations,” said Sheldon Kimber, CEO, and co-founder of Intersect Power. “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 fully-integrated manufacturing processes, each large-format Series 6 module leverages First Solar’s proprietary thin film technology.
“Intersect Power’s decision to invest in Series 6 on such a large scale validates the tech-nology’s performance advantage over conventional solar panels, its competitiveness, and its bankability,” said Georges Antoun, chief commercial officer, First Solar.
First Solar is expanding its manufacturing capacity to meet the demand for Series 6 mod-ules, with its second facility in the United States - representing nearly $1 billion in cumula-tive investment - expected to start production in early-2020. Once operational, the new facility in Perrysburg, OH, will take First Solar’s aggregate Series 6 manufacturing capacity to 5.4GW per year.
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.
“Our decision to contract with First Solar was based on our confidence in its Series 6 tech-nology and its ability to stand behind its obligations,” said Sheldon Kimber, CEO, and co-founder of Intersect Power. “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 fully-integrated manufacturing processes, each large-format Series 6 module leverages First Solar’s proprietary thin film technology.
“Intersect Power’s decision to invest in Series 6 on such a large scale validates the tech-nology’s performance advantage over conventional solar panels, its competitiveness, and its bankability,” said Georges Antoun, chief commercial officer, First Solar.
First Solar is expanding its manufacturing capacity to meet the demand for Series 6 mod-ules, with its second facility in the United States - representing nearly $1 billion in cumula-tive investment - expected to start production in early-2020. Once operational, the new facility in Perrysburg, OH, will take First Solar’s aggregate Series 6 manufacturing capacity to 5.4GW per year.