One of First Solar Inc.’s manufacturing vegetation
First Solar Inc. has signed an settlement with Scout Clean Energy to provide 378 MW DC of superior, thin-film photovoltaic (PV) solar modules.
Scout, a renewable energy developer and owner-operator headquartered in Colorado, is actively creating a portfolio over 12,000 MW of solar PV, battery storage and onshore wind initiatives unfold throughout 21 US states. Scout is a portfolio firm of Quinbrook Infrastructure Partners. Scout plans to make use of the First Solar modules to start development on a number of late-stage initiatives with begin of operations anticipated in 2024.
“We’re excited to partner with First Solar as we continue to develop and grow our portfolio of solar PV assets across the US. This deal reflects our confidence not just in the technology, but in First Solar itself,” says Michael Rucker, founder and CEO of Scout Clean Energy. “Sourcing our modules from a U.S.-based supply partner at this challenging time solidifies our competitive advantage in meeting our customers urgent timing needs for solar power to meet their decarbonization goals.”
“As we diversify Scout’s asset base and grow our solar portfolio, we want to source our panels through partners that we can trust to deliver with no compromise on quality, ethical sourcing of raw materials and who is committed to ongoing innovation,” Rucker provides. “First Solar readily satisfies those critical criteria for Scout.”
First Solar’s PV modules are designed and developed at its analysis and improvement facilities in California and Ohio.
“Experienced developers like Scout Clean Energy understand the criticality of both insulating themselves from pricing and supply volatility, and staying true to their values and principles,” mentioned Adam Smith, vp of worldwide enterprise improvement at First Solar. “They also recognize the value of technological and supply diversity, and of a competitive product that embodies sustainability and transparency. Together, these factors are invaluable in helping them navigate some of the headwinds that others in the industry struggle with.”