First Solar and Lightsource BP sign 5.4 GW module agreement
Post date: 22/11/2021 - 16:04
First Solar Inc., US manufacturer of cadmium telluride thin film modules, oil company BP plc and project developer Lightsource BP have placed multi-year orders for up to 5.4 gigawatts (GW) combined of First Solar’s advanced, ultra-low carbon thin film photovoltaic (PV) solar modules. Lightsource has agreed to procure up to 4.3 GW of modules for its US utility-scale projects, and BP will procure up to 1.1 GW to power their projects being developed by Lightsource. BP acquired the projects and targets to grow its net developed renewable generating capacity to 20 GW by 2025 and 50 GW by 2030. Planned deployments for both companies include projects in Arkansas, Kentucky, Ohio, Pennsylvania, and Texas. The modules are scheduled to be delivered between 2023 and 2025: 1.55 GW in 2023, 1.3 GW in 2024, and 1.55 GW in 2025.
In addition to the multi-year module sales agreement, First Solar also signed a memorandum of understanding (MoU) to explore opportunities to source electricity from generation assets developed, owned and operated by Lightsource BP in Ohio, where First Solar operates its solar manufacturing plant. Earlier this year, First Solar announced that it will invest $680 million to expand America’s domestic PV solar manufacturing capacity by 3.3 GW annually, by building its third US manufacturing facility, in Lake Township, Ohio. As reported, the new facility is expected to be commissioned in the first half of 2023 and when fully operational will scale the company’s integrated solar manufacturing complex to a total annual capacity of 6 GW. First Solar also operates factories in Vietnam and Malaysia, and has previously announced plans to build a new 3.3 GW factory in India that is expected to be commissioned in the second half of 2023. The company anticipates that its nameplate manufacturing capacity will double to 16 GW by 2024.