Press release
Silicon Ranch and First Solar expand partnership with 4 GW supply agreement
Strategic partnership advances US energy transition with a low-carbon commitment and supports domestic solar manufacturingMulti-year agreement would see
About this update from First Solar, Inc.
[{"type":"text","content":"Strategic partnership advances US energy transition with a low-carbon commitment and supports domestic solar manufacturingMulti-year agreement would see module deliveries for US projects spanning 2023-25 Silicon Ranch contracts First Solar to provide recycling services for decommissioned solar modules TEMPE, Ariz. and NASHVILLE, Tenn., April 12, 2022 (GLOBE NEWSWIRE) -- First Solar, Inc. (Nasdaq: FSLR) today announced that it has signed a master supply agreement (MSA) to supply 4 gigawatts (GW)DC of advanced, responsibly-produced thin film photovoltaic (PV) solar modules to Silicon Ranch, one of the nation’s largest independent power producers. The deal, one of First Solar’s largest, will see Silicon Ranch’s projects in the United States receive modules from 2023 to 2025. Silicon Ranch will benefit from the evolution of First Solar’s advanced Cadmium Telluride (CadTel) thin film module technology platform over the span of the agreement. This significant agreement represents the latest milestone in the relationship between two best-in-class solar businesses, advancing the US energy transition while supporting American solar manufacturing growth. The growing strategic partnership began in 2015 when Silicon Ranch contracted with First Solar to supply the modules for its Aerojet Rocketdyne Solar Farm in Arkansas, the state’s first utility-scale solar project. The partnership between these industry leaders has grown substantially across the US since then, with over 30 projects totaling more than 1 GW. “Silicon Ranch’s business model of long-term asset ownership demands that we emphasize best-in-class strategic partners and requires us to consider the future in every action we take, from the modules we buy all the way through to how we manage the land we occupy,” said Reagan Farr, co-founder and chief executive officer, Silicon Ranch. “Our customers care about the carbon impact of their procurement choices, and so do we at Silicon Ranch. We are already proving that we can sequester carbon on our sites through our Regenerative Energy® model of land management, and this partnership with First Solar enables us to improve the carbon footprint of our module supply, while also supporting additional investment in US manufacturing capabilities. We have grown our business at Silicon Ranch through our faith in the power of collaborative partner...