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Intersect Power Chooses Long-Term Reliability and Performance; Orders up to 2.4 GW of First Solar Series 6

US-headquartered First Solar, Inc. (Nasdaq: FSLR) has announced that it would supply up to 2.4 gigawatts (GW)DC of its high-performance, responsibly-manufactured, Series 6 photovoltaic (PV) solar modules to Intersect Power, LLC (“Intersect Power”) in one of the largest aggregate orders for the modules to date.

Modules supplied under the seven purchase orders will be deployed to seven projects developed by Intersect Power, with deliveries scheduled for 2022 and 2023. As part of the deal, the clean infrastructure company has placed firm orders for approximately 2 GWDC of modules, with options to add almost 400 megawatts (MW)DC, subject to the projects’ final designs.

One of the fastest-growing developers of clean energy in the United States, Intersect Power has a pipeline of 3.2 GWDC of late-stage solar and storage projects that will be in operation by 2023. It had previously placed a 1.7 GWDC order for Series 6 modules in 2019.

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“As the Intersect Power team builds out our next 2.4 GW portfolio and moves towards asset ownership and operation, we continue to prioritize quality and long-term performance. Not only is First Solar able to scale quickly with us to meet our vision, but the Series 6 offers the highest quality and long-term value for our portfolio,” said Sheldon Kimber, chief executive officer, Intersect Power. “We continue to enjoy a strong values-aligned relationship with First Solar, and prize the reliability and risk mitigation that comes from working together, as we rapidly scale our business.”

Designed and developed at First Solar’s research and development (R&D) centers in California and Ohio, Series 6 is a uniquely American solar PV module that has set industry benchmarks for quality, durability, reliability, design, and environmental performance. A result of over $1.4 billion in cumulative R&D investment, each module features a layer of First Solar’s proprietary CadTel semiconductor that is one-sixth the thickness of a human hair. With a carbon footprint that is up to 2.5 times lower than crystalline silicon PV panels, the EPEAT Silver-rated Series 6 module delivers a superior environmental profile and the lowest carbon solar available today.

“Intersect Power isn’t simply choosing solar technology with a benchmark-setting degradation rate, lifetime energy yield, and robust quality standards,” said Georges Antoun, chief commercial officer, First Solar. “A company that shares our vision for a sustainable energy future is choosing responsible solar technology that embodies sustainability, while meaningfully supporting the fight against climate change.”

First Solar is the only US-headquartered company among the world’s largest solar manufacturers. It has a longstanding zero-tolerance policy towards forced labor, requiring its suppliers to abide by its standards and policies, regardless of geographical location. First Solar is the Western Hemisphere’s largest solar manufacturer and expects to exit 2021 with 2.6 GWDC of manufacturing capacity at its Ohio facilities. The Company also operates manufacturing facilities in Vietnam and Malaysia and exited 2020 with a global annualized Series 6 manufacturing capacity of 6.3 GWDC.

Source: First Solar, Inc.
Date: Feb 26, 2021


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