This latest transaction has grown the relationship between the two companies to over 1.4 gigawatts (GW)DC of both systems and module technology sales. Geronimo Energy, headquartered in Minneapolis, Minnesota, is a leading American renewable energy company, with over 2.4GW of wind and solar operational or under construction, and a multi-gigawatt development pipeline. Geronimo was acquired by National Grid, one of the world’s largest publicly owned utilities in July 2019.
“Geronimo sees value in optimising our solar projects with the Series 6 module” said Nathan Franzen, Vice President of Development, Geronimo Energy. “Its benchmark-setting degradation rate and lifetime energy yields make it the right choice to support our mission to help repower America’s grid with clean, renewable electricity. First Solar and Geronimo have deep roots in the US Midwest and a shared commitment to a sustainable future. A strategic partnership like this helps Geronimo continue its mission to repower rural American communities with renewable energy projects through farmer-friendly development and local economic benefits.”
Designed and developed at the Company’s research and development (R&D) centres in California and Ohio, First Solar’s Series 6 PV module has a carbon footprint that is up to six times lower than crystalline silicon PV panels manufactured using conventional, energy-intensive production methods.
First Solar recently expanded its manufacturing capacity to meet the demand for Series 6 modules, starting production at its new module manufacturing facility in Lake Township, Ohio, in October 2019.
Representing over $1 billion in cumulative investment, the new facility expanded First Solar's annual manufacturing capacity in the United States to 1.9 GWDC, making it the largest solar manufacturer in the Western Hemisphere. The Company also operates manufacturing facilities in Vietnam and Malaysia, with a global annual Series 6 manufacturing capacity of 5.5 GWDC.
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