Origis Energy, a solar and energy storage developer, has positioned an order for 750 MW DC of thin-film photovoltaic (PV) solar modules from First Solar Inc. The deal, which was booked previous to the discharge of First Solar’s This fall and Full Year 2021 earnings in February, makes use of First Solar’s agile contracting method and Origis will profit from any advances in know-how by 2024, when the Cadmium Telluride (CadTel) thin-film modules shall be delivered to its tasks throughout the United States.
“This 750 MW solar agreement builds on a long-term alliance between the First Solar and Origis teams,” says Samir Verstyn, chief funding officer and operations officer at Origis Energy. “Front and center is always our commitment to meet customer clean energy goals. This mission has been put to the test by the unprecedented headwinds impacting the solar industry. Such an environment makes it even more important to work with market partners who have consistently delivered. We applaud First Solar’s build out of its domestic PV solar manufacturing capacity.”
First Solar is investing $680 million in increasing America’s home PV solar manufacturing capability by 3.3 GW yearly by constructing its third U.S. manufacturing facility, positioned in Lake Township, Ohio. The new facility is predicted to be commissioned within the first half of 2023 and when totally operational will scale the corporate’s Northwest Ohio footprint to a complete annual capability of 6 GW.
“At First Solar, we value long-term relationships with partners like Origis because they are based on trust and a respect for mutually-held values and principles,” states Georges Antoun, First Solar’s chief industrial officer. “At a time of unprecedented supply and pricing volatility across the solar industry, our ability to deliver and stand behind our commitments is a crucial differentiator that serves to strengthen relationships like these.”
