First Solar Signs Agreements For Additional 525 MW Of Modules

First Solar Inc. has entered into new long-term module supply agreements with Sorgenia Solar, a developer of large-scale, grid-connected solar power plants in Italy, and extended module supply agreements with several of its existing customers, including EDF Energies Nouvelles, Ecostream, Juwi and Phoenix Solar AG.

These new agreements expand First Solar's contracted module volume by 525 MW, allowing for additional sales of approximately $800 million. The agreements are structured on terms similar to First Solar's existing long-term module supply agreements.

‘These new module supply agreements and contract extensions enable our partners to increase solar electric generation in multiple markets throughout Europe and demonstrate the successful partnerships First Solar has established with the world's leading project developers and system integrators,’ says Mike Ahearn, CEO of First Solar.

SOURCE: First Solar