LRE and First Solar sign supply contract for modules with one gigawatt

US renewables project developer Leeward Renewable Energy (LRE) and module manufacturer First Solar, Inc. have entered into an additional multi-year framework supply agreement, through which First Solar will provide one gigawatt of its thin-film solar modules. LRE will deploy these modules across its 20 GW solar development and construction pipeline in the US over 2023 and 2024. This latest agreement expands LRE’s order book with First Solar to over 3 GW of modules that are estimated to enable the build of 18 new sites.
First Solar is investing $680 million in expanding ist US manufacturing capacity by 3.3 GW annually, by currently building its third US manufacturing facility, in Lake Township, Ohio. The new facility is expected to be commissioned in the first half of 2023 and when fully operational will scale the company’s Northwest Ohio footprint to a total annual capacity of 6 GW.
In addition to its Ohio manufacturing facilities, First Solar also operates factories in Vietnam and Malaysia, and is building 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 in 2024.
LRE is a portfolio company of OMERS Infrastructure, one of Canada’s largest defined benefit pension plans with C$121 billion ($95 billion) in net assets.
© PHOTON

Related News