Arevon to equip 2 GW of US solar parks with First Solar modules
First Solar modules. Image by First Solar.
Renewable energy company Arevon Energy Inc has picked First Solar Inc’s (NASDAQ:FSLR) Series 7 thin-film photovoltaic (PV) modules to equip more than 2 GW DC of projects in its development portfolio.
First Solar announced the multi-year contract on Thursday, just a day after it secured a similar deal for 2 GW DC of modules from independent power producer (IPP) and renewables developer Swift Current Energy.
Arevon will use Series 7 hardware for projects under development in the Midwest and Southwest regions. Around 700 MW DC of the total volume included in the contract involves orders placed before July, First Solar noted. The equipment is due to be installed within the next five years.
“Sourcing American solar technology from First Solar allows us certainty of supply and helps mitigate the risk of supply shortages and project delays,” said John Breckenridge, Arevon’s CEO.
First Solar currently is working to expand its annual solar module production capacity, both at home and abroad, and expects to surpass 20 GW DC in 2025. This would include over 10 GW DC in the US alone, where it currently has two factories and is building a third one in Ohio, while plans for a fourth in the Southeast are in progress, as well.
Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.