Matrix Renewables, the TPG Rise-backed world renewable energy platform, has entered right into a framework settlement to acquire roughly 2.1 GW DC of thin-film modules from First Solar Inc.
The modules, which will probably be delivered between 2024 and 2027, will power Matrix tasks within the United States and Spain. This marks Matrix’s first order of First Solar’s photovoltaic expertise.
Across the U.S., Matrix owns greater than 6 GW of tasks in varied phases of improvement throughout 4 totally different areas (CAISO, MISO, ERCOT and WECC) and continues to increase its pipeline and workforce to capitalize on the nation’s excessive demand for renewable energy. Globally, together with Matrix’s presence in Spain, Italy and Chile, its footprint already surpasses 13 GW of solar power, battery storage and inexperienced hydrogen tasks.
“Matrix is the latest in a number of large IPPs, in the U.S. and internationally, that are choosing to partner with First Solar not just on the strength of our technology and competitiveness, but also because we share the same values,” says Georges Antoun, CCO, First Solar. “This latest order underscores our belief that a growing number of developers are recognizing the value of responsible solar and of working with a partner that delivers on its commitments.”