Impartial energy producer (IPP) Silicon Ranch has secured an extra 700MW thin-film module provide with module producer First Photo voltaic.
Each firms have expanded their settlement after penning a significant provide deal in April with 4GW of photo voltaic PV modules to be delivered from 2023 to 2025.
The expanded partnership thus will increase the settlement to 4.7GW, reaffirming Silicon Ranch’s continued help of US photo voltaic producers, in line with Reagan Farr, co-founder and CEO at Silicon Ranch.
The Tennessee-based IPP signed a tracker provide settlement with Nextracker for 1.5GW of its photo voltaic trackers earlier within the yr which might be deployed by the top of 2024.
Georges Antoun, chief business officer at First Photo voltaic, stated: “We’re happy to increase First Photo voltaic’s position as Silicon Ranch’s trusted associate with one other long-term module provide settlement.”
As First Photo voltaic continues to signal provide agreements with a number of photo voltaic builders up to now months – together with Intersect Energy, Akuo Photo voltaic, Nationwide Grid Renewables, Leeward Renewable Power and Origis Power – the producer introduced in August it can make investments as much as US$1.2 billion to ramp up its manufacturing operations within the US and arrange a vertically built-in manufacturing facility within the nation’s Southeast with an annual capability of three.5GW.