By 2027, it’s anticipated that Intersect Power would rank among the top purchasers and users of First Solar technology.
First Solar, Inc. (Nasdaq: FSLR), a US company with headquarters in Tempe, Arizona, said this week that it has reached an agreement to provide 2.4 GW DC of its high-performance, advanced thin film photovoltaic (PV) solar modules to Intersect Power, LLC (Intersect Power). With approximately 6.4 GW DC anticipated to be deployed by 2027 and the modules expected to be delivered between 2024 and 2026, Intersect Power will rank among the world’s largest purchasers and operators of First Solar’s ethically produced module technology, having previously placed orders totaling 4.1 GW DC in 2019 and 2021.
The modules will be used in solar, storage, and green hydrogen projects by Intersect Powers that go online in the US between 2025 and 2027. The manufacturing plant in Northwest Ohio owned by First Solar is anticipated to produce a significant part of the modules.
According to Sheldon Kimber, chief executive officer of Intersect Power, the company’s ongoing partnership with First Solar has been essential to helping us scale our operations quickly in order to realize our vision and consistently provide our clients with value and performance in support of their decarbonization objectives. We are eager to put this sizable portfolio into service and use First Solar’s domestically made modules to generate high-paying employment in manufacturing and construction in the United States.
First Solar’s responsibly produced advanced thin film PV modules have been designed and developed in its research and development (Randamp;D) facilities in California and Ohio, and they have become the industry standard for quality, dependability, design, and environmental performance. Compared to the typical crystalline silicon solar panel constructed with cells made in China, the modules have a carbon footprint that is 2.5 times lower and a water footprint that is 3 times lower. Additionally, First Solar runs an advanced high-value recycling program that recovers components including aluminum, glass, and laminates in addition to Cadmium Telluride (CadTel), a semiconductor material that may be utilized to create new modules, to the tune of 90%. Currently, the corporation runs industrial recycling plants in the United States, Germany, Malaysia, and Vietnam. First Solar is also the only business among the top ten solar manufacturers in the world that is a part of the Responsible Business Alliance (RBA), the largest business alliance in the world devoted to promoting the rights and welfare of workers and communities throughout the world’s supply chain.
According to Georges Antoun, chief commercial officer of First Solar, Intersect Power provides a significant example by optimizing the effect of its investments on the US economy without sacrificing competitiveness. By using American solar to fuel its expansion, Intersect Power is directly promoting US manufacturing, jobs, and a reliable domestic supply chain. Additionally, it shows that American solar technology has the potential to accelerate the transition of our nation to a sustainable energy future.
By constructing its third US manufacturing site in Lake Township, Ohio, First Solar is investing $680 million in increasing America’s domestic PV solar production capacity by 3.3 GW every year. When completely operational, the new facility, which is anticipated to be put into service in the first half of 2023, will expand the company’s Northwest Ohio footprint to a total annual capacity of 6 GW, making it the largest fully vertically integrated solar manufacturing complex outside of China. When its third factory is completely operational, First Solar will directly employ over 2,500 people in Ohio and support an estimated 15,000 indirect jobs through its American supplier chain. First Solar has committed over $2 billion in expanding its US manufacturing base.
In addition to its plants in Ohio, First Solar also has operations in Malaysia and Vietnam, and it is now constructing a new 3.3 GW factory in India that will go online in the second part of 2023. First Solar expects that its nameplate manufacturing capacity will double to 16 GW in 2024 as a result of its expansion in the US and India and optimization of its current fleet. The only ten largest solar manufacturers company with its headquarters in the US is First Solar.
Visit www.intersectpower.com to find out more about Intersect Power.
Thanks to AA6
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