{"id":701506,"date":"2022-10-27T05:06:13","date_gmt":"2022-10-27T09:06:13","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/arevon-secures-2-gw-supply-of-responsibly-produced-american-solar-modules-from-first-solar\/"},"modified":"2022-10-27T05:06:13","modified_gmt":"2022-10-27T09:06:13","slug":"arevon-secures-2-gw-supply-of-responsibly-produced-american-solar-modules-from-first-solar","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/arevon-secures-2-gw-supply-of-responsibly-produced-american-solar-modules-from-first-solar\/","title":{"rendered":"Arevon Secures 2 GW Supply of Responsibly Produced American Solar Modules from First Solar"},"content":{"rendered":"

\nAdvanced thin film modules to support Arevon\u2019s industry-leading solar portfolio
\n<\/h2>\n
\n

NEW YORK and SCOTTSDALE, Ariz. and TEMPE, Ariz. , Oct. 27, 2022 (GLOBE NEWSWIRE) — Arevon Energy,<\/u> Inc. has secured a more than 2\u2013gigawatt (GW)DC<\/sub> supply of advanced Series 7<\/a> thin film photovoltaic (PV) solar modules from First Solar, Inc. (Nasdaq: FSLR) to support its growing renewable energy portfolio. Approximately 700 megawatts (MW)DC <\/sub>of the total volume secured includes purchase orders issued prior to the release of First Solar\u2019s Q2 2022 earnings in July this year. These orders will add to Arevon\u2019s existing 2 GW portfolio of operating assets with First Solar modules and will support projects under development in the Midwest and Southwest regions.<\/p>\n

\u201cArevon is at the forefront of powering the energy transition through the development of our nationwide solar pipeline,\u201d said Justin Johnson, Arevon\u2019s chief operating officer. \u201cThese orders solidify Arevon\u2019s competitive advantage while ensuring we can deliver innovative solutions to our customers.\u201d<\/p>\n

Nationally, the demand for solar has increased substantially. A September 2022 forecast from\u00a0Wood Mackenzie\u00a0<\/a> estimates that due to recent legislation, the U.S. recorded its largest quarter-over-quarter growth with 10 GW of new utility-scale solar capacity contracts.\u00a0These orders for modules will ensure that Arevon can execute projects planned to deploy in the next five years.<\/p>\n

\u201cWe are pleased to further expand our relationship\u00a0with First Solar and contribute to the expansion of the US solar value chain,\u201d said John Breckenridge, Arevon\u2019s chief executive officer. \u201cSourcing American solar technology from First Solar allows us certainty of supply and helps mitigate the risk of supply shortages and project delays. More broadly, it also allows us to support US innovation in photovoltaics, and the expansion of domestic solar manufacturing capacity through our procurement strategy.\u201d<\/p>\n

Designed and developed at its R&D centers in California and Ohio, First Solar\u2019s advanced thin film PV modules set industry benchmarks for quality, durability, reliability, design, and environmental performance. The modules, which have the lowest carbon and water footprint of any commercially available PV technology today, will support Arevon’s project pipeline through 2027.<\/p>\n

\u201cWe\u2019re pleased that Arevon has chosen to double down on its commitment to First Solar\u2019s responsibly produced technology,\u201d said Georges Antoun, chief commercial officer, First Solar. \u201cThese multiyear orders reflects a broader trend in the industry where developers are de-risking their project portfolios with strategic, long-term procurement frameworks and sourcing American solar. We are proud to be in a position to enable the growth of leading American developers like Arevon, by providing them with the certainty and long-term visibility they need.\u201d<\/p>\n

Developed in close collaboration with Engineering, Procurement, and Construction (EPC) companies, and structure and component providers, First Solar\u2019s Series 7 modules combine the company\u2019s thin film cadmium telluride (CadTel) technology with a larger form factor and a new back rail mounting system to deliver improved efficiency, enhanced installation velocity, and superior lifetime energy performance for US utility-scale PV projects.<\/p>\n

First Solar, the only US-headquartered company among the world\u2019s largest solar manufacturers, is expanding its manufacturing capacity at home and abroad. In addition to a third factory under construction in Ohio, the company recently announced an investment of up to $1.2 billion in expanding its Ohio manufacturing footprint and a new manufacturing facility, its fourth American manufacturing facility, in the US Southeast. This latest investment is expected to bring First Solar\u2019s total investment in American manufacturing to $4 billion, while its annual US manufacturing capacity is forecast to expand to over 10 GWDC<\/sub> by 2025.<\/p>\n

\n About Arevon<\/strong>\u202f\u00a0
Arevon Energy, Inc. is a leading renewable energy company, supplying clean energy to utilities and corporations across North America. Headquartered in Scottsdale, Ariz., and New York City, Arevon uses innovative approaches and leading-edge technology to finance and manage projects from development through construction to long-term commercial operation. Its financial prowess and industry expertise come together to improve the structure and performance of its platform of wind, solar, and energy storage power plants. Arevon was named one of Arizona\u2019s Top Workplaces in 2022. For more information, please visit:\u202fwww.arevonenergy.com<\/u><\/a>\u00a0<\/p>\n

\n About First Solar, Inc.<\/strong>
\n
First Solar is a leading American solar technology company and global provider of responsibly produced eco-efficient solar modules advancing the fight against climate change. Developed at R&D labs in California and Ohio, the company\u2019s advanced thin film photovoltaic (PV) modules represent the next generation of solar technologies, providing a competitive, high-performance, lower-carbon alternative to conventional crystalline silicon PV panels. From raw material sourcing and manufacturing through end-of-life module recycling, First Solar\u2019s approach to technology embodies sustainability and a responsibility towards people and the planet. For more information, please visit www.firstsolar.com<\/a>\u00a0\u00a0<\/p>\n

\n For First Solar Investors<\/strong>
\n
This release contains forward-looking statements which are made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements concerning the supply of 2 GWDC <\/sub>of modules to Arevon Energy; First Solar\u2019s plan to invest up to $1.2 billion in building a fourth factory in the US Southeast and expanding the capacity of its existing manufacturing footprint in Ohio; First Solar\u2019s expectation that such investment will bring the company\u2019s total investment in American manufacturing to $4 billion, and its expectation that its annual US manufacturing capacity will expand to over 10 GW by 2025. These forward-looking statements are often characterized by the use of words such as \u201cestimate,\u201d \u201cexpect,\u201d \u201canticipate,\u201d \u201cproject,\u201d \u201cplan,\u201d \u201cintend,\u201d \u201cseek,\u201d \u201cbelieve,\u201d \u201cforecast,\u201d \u201cforesee,\u201d \u201clikely,\u201d \u201cmay,\u201d \u201cshould,\u201d \u201cgoal,\u201d \u201ctarget,\u201d \u201cmight,\u201d \u201cwill,\u201d \u201ccould,\u201d \u201cpredict,\u201d \u201ccontinue\u201d and the negative or plural of these words and other comparable terminology. Forward-looking statements are only predictions based on our current expectations and our projections about future events and therefore speak only as of the date of this release. You should not place undue reliance on these forward-looking statements. We undertake no obligation to update any of these forward-looking statements for any reason, whether as a result of new information, future developments or otherwise. These forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause our actual results, levels of activity, performance, or achievements to differ materially from those expressed or implied by these statements. These factors include, but are not limited to, the matters discussed under the captions \u201cRisk Factors\u201d and \u201cManagement\u2019s Discussion and Analysis of Financial Condition and Results of Operations\u201d of our most recent Annual Report on Form 10-K and our subsequently filed Quarterly Reports on Form 10-Q, as supplemented by our other filings with the Securities and Exchange Commission.<\/p>\n\n\n
\n
\n Media<\/u>
\n <\/strong>
\n
\n Reuven Proen\u00e7a<\/strong>
\n
First Solar Media
reuven.proenca@firstsolar.com<\/a><\/p>\n

Jessica Haag <\/strong>
Arevon Energy Media
jhaag@arevonenergy.com<\/a><\/u><\/td>\n

\n
\n Investors<\/u>
\n <\/strong>
\n
\n Robyn Remes<\/strong>
\n
First Solar Investor Relations
investor@firstsolar.com<\/a><\/td>\n<\/tr>\n<\/table>\n

A photo accompanying this announcement is available at https:\/\/www.globenewswire.com\/NewsRoom\/AttachmentNg\/46c24274-37b4-4c29-b79b-e0a1a6b98e22<\/a><\/p>\n


\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

Advanced thin film modules to support Arevon\u2019s industry-leading solar portfolio NEW YORK and SCOTTSDALE, Ariz. and TEMPE, Ariz. , Oct. 27, 2022 (GLOBE NEWSWIRE) — Arevon Energy, Inc. has secured a more than 2\u2013gigawatt (GW)DC supply of advanced Series 7 thin film photovoltaic (PV) solar modules from First Solar, Inc. (Nasdaq: FSLR) to support its growing renewable energy portfolio. Approximately 700 megawatts (MW)DC of the total volume secured includes purchase orders issued prior to the release of First Solar\u2019s Q2 2022 earnings in July this year. These orders will add to Arevon\u2019s existing 2 GW portfolio of operating assets with First Solar modules and will support projects under development in the Midwest and Southwest regions. \u201cArevon is at the forefront … <\/p>\n

Continue reading “Arevon Secures 2 GW Supply of Responsibly Produced American Solar Modules from First Solar”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-701506","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nArevon Secures 2 GW Supply of Responsibly Produced American Solar Modules from First Solar - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/arevon-secures-2-gw-supply-of-responsibly-produced-american-solar-modules-from-first-solar\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Arevon Secures 2 GW Supply of Responsibly Produced American Solar Modules from First Solar - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Advanced thin film modules to support Arevon\u2019s industry-leading solar portfolio NEW YORK and SCOTTSDALE, Ariz. and TEMPE, Ariz. , Oct. 27, 2022 (GLOBE NEWSWIRE) — Arevon Energy, Inc. has secured a more than 2\u2013gigawatt (GW)DC supply of advanced Series 7 thin film photovoltaic (PV) solar modules from First Solar, Inc. (Nasdaq: FSLR) to support its growing renewable energy portfolio. Approximately 700 megawatts (MW)DC of the total volume secured includes purchase orders issued prior to the release of First Solar\u2019s Q2 2022 earnings in July this year. 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(Nasdaq: FSLR) to support its growing renewable energy portfolio. Approximately 700 megawatts (MW)DC of the total volume secured includes purchase orders issued prior to the release of First Solar\u2019s Q2 2022 earnings in July this year. These orders will add to Arevon\u2019s existing 2 GW portfolio of operating assets with First Solar modules and will support projects under development in the Midwest and Southwest regions. \u201cArevon is at the forefront … Continue reading \"Arevon Secures 2 GW Supply of Responsibly Produced American Solar Modules from First Solar\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/arevon-secures-2-gw-supply-of-responsibly-produced-american-solar-modules-from-first-solar\/","og_site_name":"Market Newsdesk","article_published_time":"2022-10-27T09:06:13+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODY4MzUxOSM1MjI3NDQ1IzIwMDYxMzA=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/arevon-secures-2-gw-supply-of-responsibly-produced-american-solar-modules-from-first-solar\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/arevon-secures-2-gw-supply-of-responsibly-produced-american-solar-modules-from-first-solar\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Arevon Secures 2 GW Supply of Responsibly Produced American Solar Modules from First Solar","datePublished":"2022-10-27T09:06:13+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/arevon-secures-2-gw-supply-of-responsibly-produced-american-solar-modules-from-first-solar\/"},"wordCount":1147,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/arevon-secures-2-gw-supply-of-responsibly-produced-american-solar-modules-from-first-solar\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODY4MzUxOSM1MjI3NDQ1IzIwMDYxMzA=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/arevon-secures-2-gw-supply-of-responsibly-produced-american-solar-modules-from-first-solar\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/arevon-secures-2-gw-supply-of-responsibly-produced-american-solar-modules-from-first-solar\/","name":"Arevon Secures 2 GW Supply of Responsibly Produced American Solar Modules from First Solar - 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