Origis Energy orders 750 MWs of First Solar PV modules
As the U.S. solar industry grapples with the sudden stop of solar cell exports from Southeast Asia, solar and energy storage developer Origis Energy continues its long-standing relationship with U.S.-based solar module maker, First Solar, placing an order for 750 megawatts. The deal, which was booked prior to the release of First Solar’s Q4 and Full Year 2021 earnings in February, utilizes First Solar’s agile contracting approach, and Origis will benefit from any advances in technology through 2024.
First Solar is known for its Cadmium Telluride (CadTel) thin-film photovoltaic (PV) solar modules. First Solar and Origis’ relationship spans five years and over 1.5 GWdc.
“This 750 MW solar agreement builds on a long-term alliance between the First Solar and Origis teams,” said Samir Verstyn, chief investment officer and operations officer, Origis Energy. “Front and center is always our commitment to meet customer clean energy goals. This mission has been put to the test by the unprecedented headwinds impacting the solar industry. Such an environment makes it even more important to work with market partners who have consistently delivered. We applaud First Solar’s build out of its domestic PV solar manufacturing capacity. Today’s announcement is an important step forward in fulfilling the renewable energy goals of our utility and corporate customers across America.”
First Solar is investing $680 million in expanding America’s domestic PV solar manufacturing capacity by 3.3 GW annually, by building its third US manufacturing facility, in Lake Township, Ohio. The facility is expected to be commissioned in the first half of 2023 and when fully operational will scale the company’s Northwest Ohio footprint to a total annual capacity of 6 GW.
In addition to its Ohio manufacturing facilities, First Solar also operates factories in Vietnam and Malaysia, and is building a new 3.3 GW factory in India that is expected to be commissioned in the second half of 2023.
“At First Solar, we value long-term relationships with partners like Origis because they are based on trust and a respect for mutually-held values and principles,” said Georges Antoun, chief commercial officer, First Solar. “At a time of unprecedented supply and pricing volatility across the solar industry, our ability to deliver and stand behind our commitments is a crucial differentiator that serves to strengthen relationships like these. We thank the team at Origis for their continued trust in First Solar and our technology.”
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