Press release
Silicon Ranch Commits to Additional 1.5 Gigawatts of First Solar’s American Solar Modules
Transaction Further Demonstrates Silicon Ranch’s Commitment to Support American Solar Businesses and Decarbonize Its Supply Chain NASHVILLE, Tenn. & TEMPE,
About this update from First Solar, Inc.
[{"type":"text","content":"\nTransaction Further Demonstrates Silicon Ranch’s Commitment to Support American Solar Businesses and Decarbonize Its Supply Chain\n\n NASHVILLE, Tenn. & TEMPE, Ariz.--(BUSINESS WIRE)--\nSilicon Ranch, one of the nation’s largest independent power producers, has procured an additional 1.5 gigawatts (GW) of advanced American thin film solar modules from First Solar, Inc. (Nasdaq: FSLR). First Solar’s Series 6 Plus modules were designed and developed at the company’s research and development facilities in California and Ohio, and in the United States are manufactured in Ohio.\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230227005309/en/\nThe deal expands upon the master supply agreement between the two pioneering solar businesses that includes a 4 GW transaction announced in April 2022 and, more recently, a 700 MW commitment announced in October 2022. Whereas the prior agreements will supply Silicon Ranch projects through 2025, this latest expansion will serve Silicon Ranch projects in 2026 and 2027.\n\nOver the past year, Silicon Ranch has demonstrated leadership through its commitment to support domestic manufacturing and to lower the carbon impact of production through significant agreements with First Solar and Nextracker. The expanded partnership with First Solar enables Silicon Ranch to continue sourcing American solar technology from a reliable industry leader with manufacturing facilities across the country. First Solar recently announced plans to build its fourth American photovoltaic (PV) solar module manufacturing facility in Alabama, further bolstering the domestic solar supply chain in the southeastern United States, a region in which Silicon Ranch pioneered utility-scale solar development.\n\n“Silicon Ranch has an unblemished track record of successful project execution and a reputation as a reliable, trustworthy partner who delivers on our commitments. Our ability to reinforce this meaningful legacy requires deliberate and strategic partnerships, including the relationship we are pleased to expand today with First Solar,” said Reagan Farr, co-founder and chief executive officer at Silicon Ranch. “Through this thoughtful collaboration, we have gained not only the tools we need to best serve the communities where we locate our solar projects, but also t...