First Solar Secures 2.1 GW Order from Matrix for Advanced Thin Film Modules

First Solar Secures Landmark 2.1 GW Order from Matrix for Advanced Thin Film Modules

First Solar, Inc. and Matrix Renewables have announced a significant collaboration in the renewable energy sector. Matrix, the TPG Rise-backed global renewable energy platform, has entered into a framework agreement to procure approximately 2.1 gigawatts (GWDC) of advanced thin film modules from First Solar. These modules are scheduled to be delivered between 2024 and 2027, and they will be utilized to power Matrix’s projects in the United States and Spain. This deal marks Matrix’s first order for First Solar’s ultra-low carbon photovoltaic (PV) technology.

Matrix is a purpose-driven company with a strong focus on partnering with technology market leaders. With this collaboration, they aim to provide their projects in the US and Spain with responsibly produced ultra-low carbon PV modules, demonstrating their commitment to environmental, social, and governance standards in solar manufacturing and sourcing. The size of this order reflects the strength of Matrix’s dedication to sustainable practices.

First Solar claims in an official statement that its advanced thin film PV modules have the lowest carbon and water footprint among commercially available PV modules and are recognized in the Electronic Product Environmental Assessment Tool (EPEAT) global registry for sustainable electronics.

Amidst a rising legislative tide aimed at ensuring companies’ supply chains are free from forced labour and other abuses, First Solar informs that its manufacturing process and supply chain are tightly controlled, reducing the risk of exposure to solar supply chains associated with forced labor. Apparently, the company is a member of the Responsible Business Alliance (RBA), demonstrating its commitment to supporting workers’ rights and well-being in the global supply chain while maintaining zero tolerance for forced labor.

“Matrix is the latest in a number of large IPPs, in the US and internationally, that are choosing to partner with First Solar not just on the strength of our technology and competitiveness, but also because we share the same values,” said Georges Antoun, Chief Commercial Officer, First Solar. “This latest order underscores our belief that a growing number of developers are recognizing the value of Responsible Solar and of working with a partner that delivers on its commitments. We thank Matrix for its trust and look forward to growing this relationship.”

First Solar has plans of investments accounting approximately $1.3 billion to expand its US manufacturing capabilities. The firm aims to reach around 10.9 GWDC of annual nameplate capacity by 2026. This investment includes a new 3.5 GWDC facility in Alabama and an expansion of its existing manufacturing footprint in Ohio.

Earlier, First Solar and EDP Renewables (EDPR) announced a multi-year order for 1.8 GWdc of First Solar’s advanced thin film PV solar modules. The modules will be delivered up to 2028 and will power US projects developed by EDP Renewables North America. Additionally, the firm is expected to commission its first factory in India in the second half of 2023, adding 3.4 GW of new nameplate annual capacity.

Recently, First Solar also signed a framework agreement with Israeli solar developer Energix Renewables to supply 5 GW of modules. It also bagged a 279 MW thin film solar panel project in Alabama.