First Solar Secures Deal to Supply Swift Current Energy with 500 MW of Solar Modules

First Solar PV modules

First Solar has announced a significant agreement with Swift Current Energy, a prominent Boston-based developer, owner, and operator of clean energy assets.

The deal involves the supply of 500 megawatts (MW) of advanced Series 7 thin film modules. This latest collaboration builds upon Swift Current Energy’s prior orders for 3.3 gigawatts of First Solar modules in 2022. The agreement, which was confirmed prior to the release of First Solar’s Q3 2023 results on October 31, stipulates that the modules will be delivered between 2027 and 2028.

Swift Current Energy has a noteworthy track record, having already commercialized more than 2.5 gigawatts of renewable energy projects. Furthermore, the company maintains a substantial project pipeline, comprising over 10 gigawatts of solar, wind, and energy storage initiatives. They currently own and operate 1.4 gigawatts of renewable energy projects, either already in operation or in advanced construction stages.

Eric Lammers, co-founder and CEO of Swift Current Energy, emphasized the significance of securing a reliable supply, stating, “As we continue to progress our US development pipeline, certainty of pricing and supply is essential to ensuring that we deliver capacity as planned. This latest agreement with First Solar supports our effort to build a resilient, competitive value chain, while supporting investments in domestic manufacturing, along with the jobs and economic benefits that come with it.”

First Solar is known for its responsible production of advanced thin film photovoltaic (PV) modules, which have set industry benchmarks in terms of quality, durability, reliability, design, and environmental performance. Notably, the company’s Series 7 modules exhibit the lowest carbon and water footprint among commercially available PV modules. First Solar has also achieved the distinction of being the first PV manufacturer to have its product included in the Electronic Product Environmental Assessment Tool (EPEAT) global registry for sustainable electronics.

Commenting on this significant agreement, Georges Antoun, Chief Commercial Officer of First Solar, expressed the company’s excitement, stating, “We are thrilled that Swift Current Energy has chosen to extend its partnership with First Solar to 2028, entrusting a significant portion of its development pipeline to our technology.”