Lightsource bp orders several gigawatts of First Solar PV modules

Light source bp signed a multi-year order for a maximum of 5.4 GW to first solar‘s thin-film photovoltaic solar panels anticipate a multi-gigawatt portfolio of solar projects in the coming years.

Lightsource bp has agreed to purchase up to 4.3-GWDC of modules for its utility-scale US projects, and bp will increase to 1.1 GW . purchaseDC to power their projects developed by Lightsource bp.

Credit: light source bp

bp acquired the projects as part of its net-zero ambition and goal to grow its net developed renewable generation capacity to 20 GW by 2025 and 50 GW by 2030. Planned implementations for both companies include projects in Arkansas, Kentucky, Ohio, Pennsylvania. and Texas.

The framework agreements, the largest in First Solar’s history, will provide modules expected to be delivered between 2023 and 2025 to support the companies’ solar development pipelines in the United States.

“This landmark solar procurement agreement is a testament to Lightsource bp’s exponential growth in the United States and our confidence in First Solar’s technology,” said Kevin Smith, CEO of Americas at Lightsource bp. “As we continue to grow and develop our 10-GW development pipeline across the Americas, in addition to our partner bp’s 9 GW, executing key long-term procurement agreements with affordable, world-class suppliers such as First Solar will enable us to deliver on our growth. plans and leading global target of 25 GW solar by 2025. This also translates into competitively priced electricity for our customers.”

First Solar will provide Lightsource bp with its recently developed cadmium telluride (CadTel) modules manufactured at its vertically integrated manufacturing complex in Ohio. The modules were designed and developed at the company’s research and development centers in California and Ohio.

“The U.S. solar industry is at a major turning point where it must continue to provide 45% of our nation’s electricity by 2050, while addressing the risks and uncertainty posed by increasingly volatile production, pricing and supply of solar panels,” said Georges Antoun, CCO, First Solar. “This is where we come in. Our ability to help our customers manage these risks by providing long-term fixed pricing and delivery commitments, backed by First Solar’s reputation, is a key differentiator.”

In addition to the multi-year module sales agreement, First Solar also signed a memorandum of understanding to explore options to source electricity from generating assets developed, owned and operated by Lightsource bp of Ohio. First Solar has committed to power 100% of its global manufacturing operations with renewable energy by 2028, with the interim goal of switching its U.S. facilities to zero-carbon electricity by 2026.

First Solar also has a recycling program that recovers over 90% of CadTel for use in new modules.

News item from Lightsource bp

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