US skinny movie producer First Photo voltaic has landed an settlement to provide 2.4GW of its skinny movie PV modules to US renewables developer Intersect Energy, making the corporate change into one of many largest customers of First Photo voltaic merchandise.
Portland, Oregon-based Intersect has beforehand positioned orders in 2019 and 2021 for a complete of 4.1 GW of First Photo voltaic’s modules and expects roughly 6.4 GW to be deployed by 2027.
Produced in First Photo voltaic’s Northwest Ohio manufacturing advanced, the modules from the most recent order are scheduled to be delivered from 2024 to 2026.
They are going to be utilized in Intersect photo voltaic, storage and inexperienced hydrogen initiatives all through the US which are anticipated to return on-line from 2025 by to 2027. On the finish of June, the corporate secured US$750 million in funding to take its portfolio of renewables, power storage and inexperienced hydrogen initiatives past 8GW.
“Intersect Energy’s ongoing relationship with First Photo voltaic has been important in quickly scaling our enterprise to satisfy our imaginative and prescient and reliably delivering our clients worth and efficiency to help their decarbonisation objectives,” mentioned Sheldon Kimber, CEO at Intersect Energy, as he praised First Photo voltaic’s US manufacturing base.
In June final 12 months, First Photo voltaic dedicated to investing US$680 million to broaden the US’ home PV manufacturing capability by 3.3GW yearly by constructing a 3rd US manufacturing facility in Lake Township, Ohio.
The brand new facility is anticipated to be commissioned within the first half of 2023 and when absolutely operational will scale the corporate’s Northwest Ohio footprint to a complete annual capability of 6GW, the corporate mentioned in a media launch.
Simply final week (29 July), following the information that Democrats had agreed a deal for a brand new stimulus bundle – dubbed the Inflation Discount Act – that features help for home photo voltaic manufacturing, First Photo voltaic mentioned it’ll think about increasing its manufacturing footprint within the US additional if the proposed laws turns into regulation.
The assertion was made as a part of its Q2 2022 monetary outcomes that noticed the corporate put up internet gross sales of US$621 million throughout Q2, barely down on the US$629 million recorded in the identical quarter final 12 months.