First Photo voltaic thin-film manufacturing
Arevon Power has secured a greater than 2-GWDC provide of superior Sequence 7 thin-film photo voltaic modules from First Photo voltaic to help its rising renewable power portfolio. Roughly 700 megawatts (MW)DC of the overall quantity secured contains buy orders issued previous to the discharge of First Photo voltaic’s Q2 2022 earnings in July this 12 months. These orders will add to Arevon’s current 2 GW portfolio of working property with First Photo voltaic modules and can help tasks below improvement within the Midwest and Southwest areas.
“We’re happy to additional broaden our relationship with First Photo voltaic and contribute to the enlargement of the U.S. photo voltaic worth chain,” mentioned John Breckenridge, Arevon’s CEO. “Sourcing American photo voltaic expertise from First Photo voltaic permits us certainty of provide and helps mitigate the chance of provide shortages and mission delays. Extra broadly, it additionally permits us to help U.S. innovation in photovoltaics, and the enlargement of home photo voltaic manufacturing capability by way of our procurement technique.”
These orders for modules will make sure that Arevon can execute tasks deliberate to deploy within the subsequent 5 years.
“We’re happy that Arevon has chosen to double down on its dedication to First Photo voltaic’s responsibly produced expertise,” mentioned Georges Antoun, chief industrial officer, First Photo voltaic. “These multiyear orders displays a broader development within the business the place builders are de-risking their mission portfolios with strategic, long-term procurement frameworks and sourcing American photo voltaic. We’re proud to be ready to allow the expansion of main American builders like Arevon, by offering them with the knowledge and long-term visibility they want.”
First Photo voltaic is increasing its manufacturing capability at dwelling and overseas. Along with a 3rd manufacturing facility below building in Ohio, the corporate lately introduced an funding of as much as $1.2 billion in increasing its Ohio manufacturing footprint and a brand new manufacturing facility, its fourth American manufacturing facility, within the Southeast.
Information merchandise from Arevon
