First Solar Inc. has agreed to supply an additional 4.9 GW DC of its thin-film photovoltaic solar modules to Intersect Power LLC.
When combined with a previously announced agreement for 2.4 GW DC signed in July, these transactions take Intersect Power’s total orders for First Solar modules this year to 7.3 GW DC.
The orders placed by Intersect Power this year will see a combination of First Solar’s Series 6 Plus and Series 7 modules deployed in solar, storage, and green hydrogen projects coming online in the United States from 2025 to 2029. .
“We have an unprecedented opportunity to decarbonize our economy while simultaneously strengthening our manufacturing sector and providing clean energy security,” said Sheldon Kimber, CEO of Intersect Power. “First Solar’s responsible manufacturing of high-performance modules is the cornerstone of our commitment to American technology and workers. Our nation’s energy transition must be made in America.”
Before 2022, Intersect Power has placed orders for a total of 4.1 GW DC modules in deals signed in 2019 and 2021. This latest transaction is expected to strengthen its position as the largest buyer and operator of First Solar’s PV module technology, with an estimated deployed capacity of 11.4 GW DC by 2029.
“Intersect Power was one of the first pioneers in long-term, multi-year procurement and benefited from the security of supply and stable prices provided by this method,” said Georges Antoun, chief commercial officer of First Solar. “We are proud of this enduring partnership and we are thrilled that, as Intersect Power continues to scale, its growth is underpinned by the American solar technology developed by First Solar.”
