Strong points :
- The companies are calling it the extension of the 4 GW Master Supply Agreement (MSA) they signed in April.
- First Solar said the new agreement reinforces the two companies’ shared commitment to increasing domestic sourcing and promoting low-carbon production processes.
Tennessee-based independent power producer Silicon Ranch and America’s largest solar manufacturer, First Solar, announced the extension of the 4 GW Master Supply Agreement (MSA) they signed in april. To support its growing portfolio of contracted solar projects, Silicon Ranch has secured an additional 700 megawatts (MW) of advanced thin-film photovoltaic (PV) solar modules, responsibly produced, designed and developed in the United States.
In 2015, Silicon Ranch became the first PV plant operator to use First Solar technology on projects in the United States. First Solar’s official statement said the new agreement reinforces a shared commitment by the two companies to increase domestic sourcing and promote low-carbon production processes.
In addition to its significant long-term agreements with First Solar, Silicon Ranch recently announced new agreements with strategic U.S. partners, including one with Nextracker to improve the carbon footprint of its tracker supply, while supporting additional investments in American manufacturing capabilities.
Reagan Farr, CEO of Silicon Ranch, said, “One of our guiding principles at Silicon Ranch is that we choose the right way rather than the easy way to get the job done, and this agreement with First Solar represents the “ good way” for our module supply.”
Georges Antoun, Chief Commercial Officer of First Solar, said: “Since the beginning of our relationship, it has been clear that Silicon Ranch has a genuine focus on responsible solar development, and with the lowest carbon and water footprint of all. commercially available photovoltaic technologies, First Solar provides reliable and responsibly produced modules in line with this vision. »
Last month, the module maker announced plans to invest up to $1.2 billion in ramping up production of solar photovoltaic (PV) modules, increasing the company’s capacity for the solar market. US to over 10 GW DC by 2025.
The company has also agreed for Intersect Power to supply 2.4 GW of thin-film solar PV modules between 2024 and 2026. First Solar will also supply 600 MWdp of solar modules to Azure Power in India.