company news about 2GW! First Solar wins another large module order

2GW! First Solar wins another large module order

Recently, First Solar, the world's leading supplier of photovoltaic solar energy solutions, revealed that it has reached an agreement with Swift Current Energy. The agreement will pave the way for First Solar to supply Swift Current Energy with 2GWdc of high-performance thin-film solar modules in 2025 and 2026.
Headquartered in Boston, Swift Current Energy acquires, develops, constructs, owns and operates highly competitive large-scale wind, ground-based photovoltaic and energy storage projects across the United States.
It is worth mentioning that this is the second GW+ module order Swift Current has placed with First Solar. Earlier this year, Swift Current Energy ordered 1.27GWdc of First Solar modules.
Eric Lammers, CEO of Swift Current Energy, said: "As the US rapidly advances energy infrastructure, our projects are growing, and we are focused on ensuring capacity comes online as planned, and against this backdrop our partnership with partners like First Solar Collaboration is critical to not only provide high-quality, responsible products, but also secure supply. We are excited to expand our partnership with First Solar and proud to support the growing U.S. clean energy manufacturing sector."
US module manufacturers: global module production capacity will reach 20GW in 2025
First Solar said its thin-film PV modules are designed and developed at R&D centers in California and Ohio. Each component has a layer of cadmium telluride (CadTel) semiconductor that is only three percent the thickness of a human hair. These modules are low-carbon alternatives to conventional crystalline silicon PV modules.
First Solar is also continuing to optimize the amount of semiconductor material used. By continuing to invest in research and development, the company focuses on more efficient component technologies with thinner semiconductor layers, improving the vapor deposition process. At the same time, First Solar also operates an advanced recycling program that closes the loop for recycling semiconductors for subsequent use in new modules.
Georges Antoun, Chief Commercial Officer of First Solar, said: "The United States is accelerating the pace of its energy transition, which must be supported by a reliable, robust supply chain. Our customers recognize that First Solar is well positioned to provide the long-term certainty they need. ."
"Swift Current's latest order demonstrates that our commitment to responsible solar and providing certainty to our customers are key drivers of demand. We thank them for their continued trust in First Solar and our technology."
Among the world's largest solar manufacturers, First Solar, which remains the only U.S.-based company, has also set its sights on capacity expansion in the U.S. and in international markets. Its expansion plans include the construction of a third plant in Ohio, as well as a $1.2 billion investment to expand production in Ohio.
In addition, First Solar will build a new manufacturing facility in the southeastern United States, its fourth U.S. manufacturing facility. Combined with recent investments, First Solar's cumulative investment in U.S. manufacturing is expected to reach $4 billion. By 2025, First Solar's annual U.S. capacity is expected to increase to more than 10GW.
First Solar also has manufacturing plants in Vietnam and Malaysia, and is building a new one in India, which will be operational in the second half of 2023. Once First Solar's plants in the US and India are completed, it will have a global annual capacity of 20GWdc in 2025.
Founded in 2016, Swift Current has commercialized more than 1GW of renewable energy projects, including large-scale ground-based photovoltaics and wind. The company also has more than 9GW of renewable energy projects in North America and is still expanding.