26 February 2021
First Solar Inc of Tempe, AZ, USA is to supply up to 2.4GWDC of its Series 6 cadmium telluride (CdTe) thin-film photovoltaic (PV) solar modules to Intersect Power LLC in one of the largest aggregate orders for the modules to date.
Modules supplied under the seven purchase orders will be deployed to seven projects developed by Intersect Power, with deliveries scheduled for 2022 and 2023. As part of the deal, the clean infrastructure company has placed firm orders for about 2GWDC of modules, with options to add almost 400MWDC, subject to the projects’ final designs.
Founded in 2016 and said to be one of the fastest-growing developers of clean energy in the USA, Intersect Power has a pipeline of 3.2GWDC of late-stage solar and storage projects that will be in operation by 2023. It had previously placed a 1.7GWDC order for Series 6 modules in 2019.
“As the Intersect Power team builds out our next 2.4GW portfolio and moves towards asset ownership and operation, we continue to prioritize quality and long-term performance,” says Intersect Power’s CEO Sheldon Kimber. “Not only is First Solar able to scale quickly with us to meet our vision, but the Series 6 offers the highest quality and long-term value for our portfolio,” he adds. “We continue to enjoy a strong values-aligned relationship with First Solar, and prize the reliability and risk mitigation that comes from working together, as we rapidly scale our business.”
Designed and developed at First Solar’s R&D centers in California and Ohio, the Series 6 PV module is claimed to set industry benchmarks for quality, durability, reliability, design and environmental performance. With a carbon footprint that is 2.5 times lower and a water footprint that is up to 24 times lower than crystalline silicon PV panels manufactured using conventional, energy-intensive production methods, Series 6 is said to deliver a superior environmental profile and the lowest-carbon solar available.
“Intersect Power isn’t simply choosing solar technology with a benchmark-setting degradation rate, lifetime energy yield, and robust quality standards,” says First Solar’s chief commercial officer Georges Antoun. “A company that shares our vision for a sustainable energy future is choosing responsible solar technology that embodies sustainability, while meaningfully supporting the fight against climate change.”