First Solar To Supply 2.4 GW Solar Modules To Intersect Power

US-headquartered First Solar, has announced entering into an agreement to supply 2.4 GW of thin film solar PV modules to Intersect Power. The modules are scheduled to be delivered from 2024 to 2026.

According to Intersect Power, the modules will be deployed in its solar, storage, and green hydrogen projects coming online across the USA between 2025 and 2027. A substantial proportion of the modules will be produced in the manufacturing complex of First Solar at Northwest Ohio.

Sheldon Kimber, CEO, Intersect Power, said, “We look forward to bringing this large-scale portfolio to operation, and creating good-paying, American jobs in both construction and manufacturing with First Solar’s domestically-produced modules.”

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The modules are designed and developed at the R&D centers in California and Ohio and have a carbon footprint that is 2.5 times lower and a water footprint that is three times lower than the average crystalline silicon solar panel made with cells produced in China.

Georges Antoun, Chief Commercial Officer, First Solar, said, “Intersect Power sets an important example by maximizing the impact of its investments on the US economy without compromising on competitiveness. By powering its growth with American solar, Intersect Power is directly supporting US manufacturing and jobs and enabling a durable domestic supply chain. It is also demonstrating the ability of American solar technology not just to compete, but to help drive our country’s transition to a sustainable energy future.”

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The official statement held that First Solar will be investing $680 million in expanding America’s domestic PV solar manufacturing capacity by 3.3 GW every year by setting up its third US manufacturing facility in Ohio.

The company said that it has made an investment of more than $2 billion in its US manufacturing footprint. When its third factory is fully operational, it will directly provide employment to more than 2,500 people in Ohio, and additionally supported an estimated 15,000 indirect jobs through its American supply chain.

With First Solar’s expansion in the United States and India and optimization of its existing fleet, the company anticipates that its nameplate manufacturing capacity will double to 16 GW in 2024. First Solar is the only US-headquartered company among the world’s ten largest solar manufacturers.