Scout Clean Energy Orders 378 MW of Responsibly Produced First Solar Modules
17 Maio 2022 - 09:30AM
First Solar, Inc. (Nasdaq: FSLR) has signed an agreement with Scout
Clean Energy to supply 378 megawatts (MW)DC of advanced,
responsibly-produced thin film photovoltaic (PV) solar modules. The
deal was booked prior to the release of First Solar’s Q1 2022
earnings in April.
Scout, a renewable energy developer and
owner-operator headquartered in Boulder, Colorado, is actively
developing a portfolio over 12,000 MW of solar PV, battery storage
and onshore wind projects spread across 21 US states. Scout is a
portfolio company of Quinbrook Infrastructure Partners. Scout plans
to use the First Solar modules to begin construction on several
late stage projects with start of operations expected in 2024.
“We’re excited to partner with First Solar as we
continue to develop and grow our portfolio of solar PV assets
across the US. This deal reflects our confidence not just in the
technology, but in First Solar itself,” said Michael Rucker,
founder and CEO of Scout Clean Energy. “Sourcing our modules
from a US-based supply partner at this challenging time
solidifies our competitive advantage in meeting our customers
urgent timing needs for solar power to meet their decarbonization
goals. As we diversify Scout’s asset base and grow our solar
portfolio, we want to source our panels through partners that we
can trust to deliver with no compromise on quality, ethical
sourcing of raw materials and who is committed to ongoing
innovation. First Solar readily satisfies those critical criteria
for Scout.”
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. The modules have the smallest carbon
footprint, fastest energy payback time, and lowest lifecycle water
footprint in the industry.
“Experienced developers like Scout Clean Energy
understand the criticality of both insulating themselves from
pricing and supply volatility, and staying true to their values and
principles,” said Adam Smith, vice president, Global Business
Development, First Solar. “They also recognize the value of
technological and supply diversity, and of a competitive product
that embodies sustainability and transparency. Together, these
factors are invaluable in helping them navigate some of the
headwinds that others in the industry struggle with.”
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 in the United
States. First Solar has invested over $2 billion in its US
manufacturing footprint and, when its third factory is fully
operational, will directly employ over 2,500 people in Ohio, while
supporting an estimated 15,000 indirect jobs through its American
supply chain.In addition to its Ohio manufacturing facilities,
First Solar also operates factories in Vietnam and Malaysia, and is
building a new 3.3 GW factory in India that is expected to be
commissioned in the second half of 2023. With First Solar’s
expansion in the United States and India and optimization of its
existing fleet, the company anticipates that its nameplate
manufacturing capacity will double to 16 GW in 2024. First Solar is
the only US-headquartered company among the world’s ten largest
solar manufacturers.
About Scout Clean EnergyScout
Clean Energy is a renewable energy developer, owner-operator
headquartered in Boulder, Colorado with over 1,200 MW of operating
assets. Scout is actively developing a portfolio of over 12,000 MW
of onshore wind, solar PV, and battery storage projects across 21
US states. Scout has expertise in all aspects of renewables project
development, permitting, power marketing, finance, construction,
24/7 operations, and asset management. Scout is a portfolio company
of Quinbrook Infrastructure Partners. For more information, please
visit www.scoutcleanenergy.com.
About First Solar, Inc.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’s 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’s approach to technology
embodies sustainability and a responsibility towards people and the
planet. For more information, please visit www.firstsolar.com.
For First Solar InvestorsThis
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 378 MWDC
of solar modules for Scout Clean Energy; (2) First Solar’s plans to
establish new factories in the United States and India and the
expected capacities of those factories; and (3) when those
factories are expected to be commissioned and First Solar’s
resulting Northwest Ohio and global manufacturing capacity. These
forward-looking statements are often characterized by the use of
words such as “estimate,” “expect,” “anticipate,” “project,”
“plan,” “intend,” “seek,” “believe,” “forecast,” “foresee,”
“likely,” “may,” “should,” “goal,” “target,” “might,” “will,”
“could,” “predict,” “continue” 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 “Risk Factors” and “Management’s
Discussion and Analysis of Financial Condition and Results of
Operations” 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.
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