First Solar pens 1.5GW module supply contract with SB Energy

Latest

Facebook
Twitter
LinkedIn
Reddit
Email
SB Energy previously signed a first order of 1.7GW thin-film PV modules to Solar First. Image: First Solar.

SoftBank-owned SB Energy has signed an order for 1.5GW of thin-film PV modules from First Solar to deploy across its 4GW solar and storage development pipeline projects in the US.

This order adds to a previous one for 1.7GW of First Solar’s thin-film modules for five utility-scale projects in Texas and California.

The company said it had already installed 1.3GW of solar PV in 2021, with the remaining 400MW of the first order to be operational in the first half of 2022.

Abhijeet Sathe, co-CEO of SB Energy, said: “We’re excited to expand our partnership with First Solar as we enter our next phase of growth and continue to develop cutting-edge climate infrastructure and technology solutions.”

SB Energy aims to reach 10GW of renewable energy and storage projects in operation or under construction before the end of 2025.

The modules for the new order will be produced at First Solar’s plant in Ohio.

“At First Solar, we value long-term relationships based not simply on our ability to deliver a competitive, high-quality product that is a hedge against pricing and supply volatility but on trust and a shared vision,” said Georges Antoun, chief commercial officer, First Solar.

Last year, First Solar unveiled its plans to double its US manufacturing capacity with a 3.3GWdc facility in Ohio, its third in the US, which is expected to be in operation in the first half of 2023.

First Solar had been exploring the idea to expand its manufacturing capacity both in the US and internationally in November, and received a US$500 million loan to set up a thin-film module production plant in India.

At that same time, First Solar also secured a 5.4GW contract with project developer Lightsource bp and energy major bp to supply its thin-film PV modules.

6 June 2023
Join us in Napa to unlock the key to reliable PV module supply to the U.S. market in 2023 & 2024. We'll also be gathering the main players in the US solar market for some wine tasting!

Read Next

Subscribe to Newsletter

Most Read

Upcoming Events