When combined with a previously announced agreement for 2.4 GW DC signed in July, these transactions take Intersect Power’s total orders for First Solar modules this year to 7.3 GW DC.
The orders placed by Intersect Power this year will see a combination of First Solar’s Series 6 Plus and Series 7 modules deployed in its solar, storage, and green hydrogen projects coming online across the United States from 2025 to 2029.
“We have an unprecedented opportunity to decarbonize our economy while simultaneously bolstering our manufacturing sector and providing clean energy security,” says Sheldon Kimber, CEO of Intersect Power. “First Solar’s responsibly produced, high-performance modules are the cornerstone of our commitment to American technology and workers. Our country’s energy transition must be American made.”
Prior to 2022, Intersect Power had placed orders for a total of 4.1 GW DC of modules in deals signed in 2019 and 2021. This latest transaction is expected to solidify its position as the world’s largest buyer and operator of First Solar’s PV module technology, with an estimated deployed capacity of 11.4 GW DC by 2029.
“Intersect Power was one of the early pioneers of long-term, multi-year procurement and has benefitted from the certainty of supply and stable pricing that this approach delivers,” states Georges Antoun, chief commercial officer at First Solar. “We’re proud of this enduring partnership and we’re thrilled that, as Intersect Power continues to scale, its growth will be underpinned by American solar technology produced by First Solar.”