Origis Energy Builds on Long-Term Alliance with Order for 750 MW of First Solar Modules
Modules slated for 2024 delivery; Origis to benefit from technology developments through agile contracting
TEMPE, Ariz., April 11, 2022 – First Solar, Inc. (Nasdaq: FSLR) today announced that Origis Energy, one of America’s largest solar and energy storage developers, has placed an order for 750 megawatts (MW)DC of responsibly-produced thin film photovoltaic (PV) solar modules. The deal, which was booked prior to the release of First Solar’s Q4 and Full Year 2021 earnings in February, utilizes First Solar’s agile contracting approach and Origis will benefit from any advances in technology through 2024, when the Cadmium Telluride (CadTel) thin film modules will be delivered to its projects across the United States.
First Solar and Origis share a long-standing relationship spanning five years and over 1.5 gigawatts (GW)DC of thin film modules. Designed and developed at its research and development (R&D) centers in California and Ohio, First Solar’s responsibly produced advanced thin film PV modules set industry benchmarks for quality, durability, reliability, design, and environmental performance.
“This 750 MW solar agreement builds on a long-term alliance between the First Solar and Origis teams,” said Samir Verstyn, chief investment officer and operations officer, Origis Energy. “Front and center is always our commitment to meet customer clean energy goals. This mission has been put to the test by the unprecedented headwinds impacting the solar industry. Such an environment makes it even more important to work with market partners who have consistently delivered. We applaud First Solar’s build out of its domestic PV solar manufacturing capacity. Today’s announcement is an important step forward in fulfilling the renewable energy goals of our utility and corporate customers across America.”
First Solar is investing $680 million in expanding America’s domestic PV solar manufacturing capacity by 3.3 GW annually, by building its third US manufacturing facility, in Lake Township, Ohio. The new facility is expected to be commissioned in the first half of 2023 and when fully operational will scale the company’s Northwest Ohio footprint to a total annual capacity of 6 GW, which is believed to make it the largest fully vertically integrated solar manufacturing complex outside of China. First Solar has invested over $2 billion in its US manufacturing footprint and, when its third factory is fully operational, will directly employ approximately 2,500 people in Ohio, while supporting an estimated 7,000 indirect jobs through its American supply chain.
“At First Solar, we value long-term relationships with partners like Origis because they are based on trust and a respect for mutually-held values and principles,” said Georges Antoun, chief commercial officer, First Solar. “At a time of unprecedented supply and pricing volatility across the solar industry, our ability to deliver and stand behind our commitments is a crucial differentiator that serves to strengthen relationships like these. We thank the team at Origis for their continued trust in First Solar and our technology.”
In addition to its Ohio manufacturing facilities, First Solar also operates factories in Vietnam and Malaysia, and is building a new