{"id":752272,"date":"2023-04-27T16:59:29","date_gmt":"2023-04-27T20:59:29","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/leeward-renewable-energy-announces-2-year-2-gw-first-solar-order-redoubling-its-commitment-to-american-solar\/"},"modified":"2023-04-27T16:59:29","modified_gmt":"2023-04-27T20:59:29","slug":"leeward-renewable-energy-announces-2-year-2-gw-first-solar-order-redoubling-its-commitment-to-american-solar","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/leeward-renewable-energy-announces-2-year-2-gw-first-solar-order-redoubling-its-commitment-to-american-solar\/","title":{"rendered":"Leeward Renewable Energy Announces 2-Year, 2 GW First Solar Order, Redoubling its Commitment to American Solar"},"content":{"rendered":"

<\/p>\n

Leeward Renewable Energy Announces 2-Year, 2 GW First Solar Order, Redoubling its Commitment to American Solar<\/b><\/p>\n

Responsibly produced ultra-low carbon thin film modules to power US projects, with deliveries in 2026 and 2027<\/i><\/p>\n

TEMPE, Ariz. & DALLAS–(BUSINESS WIRE<\/a>)–First Solar<\/a>, Inc. (NASDAQ: FSLR) today announced an agreement to supply 2 gigawatts (GW)DC <\/sub>of advanced, responsibly produced thin film photovoltaic solar modules to Leeward Renewable Energy (\u201cLRE\u201d). The deal is expected to see First Solar deliver the modules in 2026 and 2027.<\/p>\n

This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20230427005740\/en\/<\/a><\/p>\n

\"First<\/p>\n

First Solar, Inc. today announced an agreement to supply 2 gigawatts (GW)DC of advanced, responsibly produced thin film photovoltaic solar modules to Leeward Renewable Energy. The deal is expected to see First Solar deliver the modules in 2026 and 2027. (Photo: Business Wire)<\/p>\n<\/div>\n

\nThis agreement builds on LRE\u2019s existing relationship with First Solar as a major buyer and operator of the company\u2019s solar technology. This latest agreement is expected to take LRE\u2019s total fleet of First Solar modules to almost 6 GWDC <\/sub>by 2028.<\/p>\n

\n\u201cWe look forward to expanding our long-standing partnership with First Solar, which is consistent with our high-growth strategy as we continue to expand our renewable energy portfolio in the U.S., prioritizing sustainable and responsible development,\u201d said Jason Allen, chief executive officer, LRE. \u201cThrough this partnership, LRE\u2019s solar portfolio champions U.S. manufacturing, fortifying the U.S. solar module supply chain and supporting the creation of new American jobs.\u201d<\/p>\n

\nDesigned 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 have the lowest carbon and water footprint of any commercially available PV technology today.<\/p>\n

\nFirst Solar\u2019s differentiated thin film semiconductor, integrated manufacturing process and tightly controlled supply chain helps eliminate the risk of exposure to solar supply chains identified by the US Department of Labor\u2019s 2022 List of Goods Produced by Child Labor or Forced Labor<\/a> as being tainted by forced labor. First Solar is the only company among the ten largest solar manufacturers globally that is a member of the Responsible Business Alliance (RBA), the world\u2019s largest industry coalition dedicated to supporting the rights and well-being of workers and communities in the global supply chain. The company is also the first PV manufacturer to have its product included in the Electronic Product Environmental Assessment Tool (EPEAT)<\/a> global registry for sustainable electronics.<\/p>\n

\n\u201cWe are pleased that Leeward Renewable Energy has expanded on its commitment, not just to First Solar but to responsibly produced solar technology developed here in the United States,\u201d said Georges Antoun, chief commercial officer, First Solar. \u201cIn partnering with First Solar, LRE is part of a group of sophisticated solar project developers that have recognized the value of strategic procurement, which optimizes the competitiveness of solar projects, while minimizing pricing, supply, and compliance risk.\u201d<\/p>\n

\nFirst Solar is expanding its US manufacturing footprint, which currently stands at approximately 6 GW of annual nameplate capacity with three operating factories in Ohio. The company is expected to reach more than 10 GW of annual nameplate capacity in the US by 2025, when it is scheduled to complete its new $1.1 billion factory in Alabama and a $185 million expansion of its existing capacity in Ohio. First Solar is also investing up to $370 million in a new research and development innovation center in Ohio.<\/p>\n

About Leeward Renewable Energy, LLC<\/b><\/p>\n

\nLeeward Renewable Energy (LRE) is a leading renewable energy company that owns and operates a portfolio of 25 renewable energy facilities across nine states totaling approximately 2,700 megawatts of generating capacity. LRE is actively developing and contracting new wind, solar, and energy storage projects in energy markets across the U.S., with 1.9 gigawatts contracted and 20 gigawatts under development and construction, spanning over 100 projects. LRE is committed to providing long-term, sustainable energy solutions across all its projects that benefit its community partners while protecting and enhancing the environment. LRE is a portfolio company of OMERS Infrastructure, an investment arm of OMERS, one of Canada\u2019s largest defined benefit pension plans with C$124.2 billion in net assets (as at December 31, 2022). For more information, visit www.leewardenergy.com<\/a>.<\/p>\n

About First Solar, Inc.<\/b><\/p>\n

\nFirst 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>.<\/p>\n

For First Solar Investors<\/b><\/p>\n

\nThis 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 1) an order for 2 GWDC <\/sub>of solar modules by Leeward Renewable Energy; 2) Leeward\u2019s total fleet of First Solar modules of almost 6 GWDC <\/sub>by 2028; 3) First Solar\u2019s plan to invest approximately $1.1 billion in building a fourth factory in Alabama, $185 million on expanding the capacity of its existing manufacturing footprint in Ohio, and up to $370 million in a new R&D innovation center in Ohio; and 4) First Solar\u2019s expectation that its annual US nameplate manufacturing capacity will expand to 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, as supplemented by our other filings with the Securities and Exchange Commission.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230427005740\/en\/<\/a><\/span><\/p>\n

Media
\n<\/span><\/b>
Reuven Proen\u00e7a
\n<\/b>
First Solar Media
\n
media@firstsolar.com<\/a><\/p>\n

Kelly Kimberly\/Liz James\/Ryan McDougald
\n<\/b>
FGS Global for<\/i> Leeward Renewable Energy
\n
lre@fgsglobal.com<\/a><\/p>\n

Investors
\n<\/span><\/b>
Robyn Remes
\n<\/b>
First Solar Investor Relations
\n
investor@firstsolar.com<\/a><\/p>\n

KEYWORDS:<\/b> Texas Arizona United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Alternative Energy Energy Other Energy Utilities<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n\n\n\n
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\"Logo\"<\/td>\n<\/tr>\n
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\"Photo\"<\/td>\n<\/tr>\n
First Solar, Inc. today announced an agreement to supply 2 gigawatts (GW)DC of advanced, responsibly produced thin film photovoltaic solar modules to Leeward Renewable Energy. The deal is expected to see First Solar deliver the modules in 2026 and 2027. (Photo: Business Wire)<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Leeward Renewable Energy Announces 2-Year, 2 GW First Solar Order, Redoubling its Commitment to American Solar Responsibly produced ultra-low carbon thin film modules to power US projects, with deliveries in 2026 and 2027 TEMPE, Ariz. & DALLAS–(BUSINESS WIRE)–First Solar, Inc. (NASDAQ: FSLR) today announced an agreement to supply 2 gigawatts (GW)DC of advanced, responsibly produced thin film photovoltaic solar modules to Leeward Renewable Energy (\u201cLRE\u201d). The deal is expected to see First Solar deliver the modules in 2026 and 2027. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20230427005740\/en\/ First Solar, Inc. today announced an agreement to supply 2 gigawatts (GW)DC of advanced, responsibly produced thin film photovoltaic solar modules to Leeward Renewable Energy. The deal is expected … <\/p>\n

Continue reading “Leeward Renewable Energy Announces 2-Year, 2 GW First Solar Order, Redoubling its Commitment to American 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-752272","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nLeeward Renewable Energy Announces 2-Year, 2 GW First Solar Order, Redoubling its Commitment to American 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\/leeward-renewable-energy-announces-2-year-2-gw-first-solar-order-redoubling-its-commitment-to-american-solar\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Leeward Renewable Energy Announces 2-Year, 2 GW First Solar Order, Redoubling its Commitment to American Solar - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Leeward Renewable Energy Announces 2-Year, 2 GW First Solar Order, Redoubling its Commitment to American Solar Responsibly produced ultra-low carbon thin film modules to power US projects, with deliveries in 2026 and 2027 TEMPE, Ariz. & DALLAS–(BUSINESS WIRE)–First Solar, Inc. (NASDAQ: FSLR) today announced an agreement to supply 2 gigawatts (GW)DC of advanced, responsibly produced thin film photovoltaic solar modules to Leeward Renewable Energy (\u201cLRE\u201d). The deal is expected to see First Solar deliver the modules in 2026 and 2027. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20230427005740\/en\/ First Solar, Inc. today announced an agreement to supply 2 gigawatts (GW)DC of advanced, responsibly produced thin film photovoltaic solar modules to Leeward Renewable Energy. 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(NASDAQ: FSLR) today announced an agreement to supply 2 gigawatts (GW)DC of advanced, responsibly produced thin film photovoltaic solar modules to Leeward Renewable Energy (\u201cLRE\u201d). The deal is expected to see First Solar deliver the modules in 2026 and 2027. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20230427005740\/en\/ First Solar, Inc. today announced an agreement to supply 2 gigawatts (GW)DC of advanced, responsibly produced thin film photovoltaic solar modules to Leeward Renewable Energy. 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