-Transaction Expands to 4 Gigawatt (GW) Supply Agreement Announced in April 2022 -Strategic Partnership Advances National Energy Transition with Commitment to Responsibly Produced Solar Technology Designed and Developed in the United States- USA-Silicon Ranch pioneered the deployment of First Solar technology in the Southeast in 2015
Silicon Ranch, one of the nation’s largest independent power producers, and First Solar, Inc. (Nasdaq: FSLR), the largest solar power manufacturer in the United States, have extended the framework agreement to supply (MSA) of 4 gigawatts announced by the partners in April 2022. 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, products responsibly, designed and developed in the USA.
The growing partnership between Silicon Ranch and First Solar dates back to 2015, when Silicon Ranch became the first owner-operator of photovoltaic power plants to use First Solar technology on projects in the southeastern United States. The expanded agreement reinforces the shared commitment of the two most successful solar companies to increase domestic sourcing and promote low-carbon production processes. Focus on securing American solar technology enables Silicon Ranch to support innovation, manufacturing expansion and job creation in the United States; improve the carbon footprint of its supply chain; and reduce volatility and logistical risks.
Notably, this expansion represents the latest partnership development for Silicon Ranch that supports national infrastructure. In addition to its important long-term agreements with First Solar, the company 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. Silicon Ranch maintains a consistent feedback loop with its strategic partners, including First Solar, to leverage its experience as a long-term owner and operator to provide critical insights to advance robust designs and improve performance. raise industry standards.
“One of our guiding principles at Silicon Ranch is that we choose the right path rather than the easiest path to get the job done, and this agreement with First Solar represents the ‘right path’ for our module supply,” said said Reagan Farr, co-founder and CEO of Silicon Ranch. “In recent months, Silicon Ranch has reaffirmed our leadership in supporting U.S. solar manufacturers and decarbonizing our supply chain, and we are pleased to achieve this progress by working collaboratively with our strategic partners to deliver the best power plants. possible to serve our customers and communities across the United States.”
“From the beginning of our relationship, it’s been clear that Silicon Ranch has a genuine focus on responsible solar development, and with the lowest carbon and water footprint of any commercially available photovoltaic technology, First Solar provides responsibly produced and reliable modules in line with this vision,” said Georges Antoun, Chief Commercial Officer of First Solar. “We are delighted to extend First Solar’s role as a trusted partner of Silicon Ranch with another agreement long-term module supply.”
About Silicon Ranch
Founded in 2011, Silicon Ranch is a fully integrated provider of custom renewable energy, carbon and battery storage solutions to a diverse set of partners across North America. The company is one of the nation’s largest independent power producers, with a portfolio that includes more than five gigawatts of solar and battery storage systems under contract, under construction or in operation in the United States and Canada. Silicon Ranch owns and operates every project in its portfolio and has maintained an unblemished record of project execution, having successfully commissioned every project it has contracted over its history. Silicon Ranch has the nation’s largest large-scale agrivoltaic portfolio under Regenerative Energy®, its nationally recognized holistic approach to design, construction and land management. This model incorporates regenerative livestock and other regenerative land management practices to restore livelihoods and soil health, biodiversity and water quality. In 2021, Silicon Ranch acquired Clearloop, which helps businesses of all sizes recover their carbon footprint through direct investment in building new solar projects while helping to bring renewable energy and economic development to struggling communities. To learn more, visit siliconranch.com, regenerativeenergy.org and clearloop.us. Follow Silicon Ranch on Facebook, Instagram, Twitter and LinkedIn.
About First Solar, Inc.
First Solar is a leading American solar technology company and a global supplier of responsibly produced, eco-efficient solar modules to advance the fight against climate change. Developed in R&D labs in California and Ohio, the company’s advanced thin-film photovoltaic (PV) modules represent the next generation of solar technologies, providing a competitive, high-performance, low-carbon alternative to solar panels. Conventional crystalline silicon PVs. From sourcing and manufacturing raw materials to recycling end-of-life modules, First Solar’s technology approach embodies sustainability and responsibility to people and the planet. For more information, visit www.firstsolar.com.