First Solar will supply its high-performance Series 6 photovoltaic (PV) modules, deliveries of which will commence in the fourth quarter of 2020 and will continue until the end of 2021.
Modules supplied as part of the agreement, the single largest order for Series 6 modules to date, will be deployed at five projects developed by Intersect Power and built by Signal Energy in Texas and California. In addition to this 1.7GW portfolio, Intersect Power has a multi-gigawatt pipeline of projects in early- and mid-stage development.
“With the scale of this transaction, we knew it was critical to partner with a top-tier module manufacturer like First Solar that can reliably deliver a world-class, high-performance product at competitive prices” said Sheldon Kimber, CEO, and co-founder of Intersect Power. “Our decision to contract with First Solar was based on our confidence in its Series 6 technology and its ability to stand behind its obligations. There has never been more noise and chaos in the module market, which makes trusted partners with widely proven technologies more valuable than ever.”
The Series 6 modules can be produced in just 3.5 hours using sophisticated, fully-integrated manufacturing processes and utilising First Solar’s proprietary thin film technology, thereby retaining the performance and reliability of earlier generation modules. The new design incorporates larger form factor and under-mount, single cross-bar frame, improving installation rates and Balance of System (BOS) costs. The production process also has a carbon footprint that the company claims is up to six times lower than that of traditional crystalline silicon panels that are manufactured using energy-intensive production methods.
First Solar is expanding its manufacturing capacity to meet the demand for Series 6 modules, with its second facility in the United States - representing nearly $1 billion in cumulative investment - expected to start production in early-2020. Once operational, the new facility in Perrysburg, Ohio, will take First Solar’s aggregate Series 6 manufacturing capacity to 5.4 GW per year.
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