US Solar Buyer Consortium targets to buy $6 bn solar panels

By Editor


AES Corporation with leading US solar companies, Clearway Energy Group, Cypress Creek Renewables and D.E. Shaw Renewable Investments (DESRI), have formed the US Solar Buyer Consortium to drive expansion of the domestic solar supply chain.

The US Solar Buyer Consortium is committed to purchasing more than $6 billion of solar panels and is looking for manufacturers that can supply up to 7 GW of solar modules per year starting from 2024. The US Solar Buyer Consortium has launched a RFP to search for manufacturers.

AES has a large backlog of solar projects in the US, including 3.4 GW of new projects coming online from 2022 to 2025, out of a total backlog of 10.3 GW across all geographies and technologies. In 2021, AES signed contracts for 5 GW of power purchase agreements (PPAs) for renewable energy, including 1.4 GW for US solar projects.

AES also completed more agreements with corporate customers than anyone else in the world in 2021, driven in part by products such as 24/7 carbon-free energy, which provides renewable energy around-the-clock to customers including Microsoft, Amazon, and Google. The company has a 59 GW development pipeline of which 68 percent is in the United States.

“Some of America’s top solar developers have come together to do our part to help attract investments into US solar manufacturing,” said Andres Gluski, AES President and CEO.

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