First Solar announced its agreement with Swift Current Energy to supply 2 gigawatts (GW) DC of thin film solar modules in 2025 and 2026.
The deal represents Swift Current’s second gigawatt-plus order for First Solar modules. Earlier this year, the Boston-headquartered Swift Current placed an order for 1.27 GWDC of First Solar modules.
Founded in 2016, Swift Current has commercialized over 1 GW of renewable energy projects, including utility-scale solar and wind. The company has a growing pipeline of over 9 GW of planned renewable assets across North America.
“With the US rapidly advancing its energy infrastructure, our project pipeline is growing and we’re focused on ensuring that our capacity comes online as planned,” said Eric Lammers, chief executive officer, Swift Current Energy.
First Solar, the US-headquartered company, is expanding its manufacturing capacity at home and abroad.
First Solar’a third factory is under construction in Ohio. First Solar recently announced an investment of up to $1.2 billion in expanding its Ohio manufacturing footprint and a new manufacturing facility, its fourth American manufacturing facility, in the US Southeast.
This latest investment is expected to bring First Solar’s total investment in American manufacturing to $4 billion. First Solar said its annual US manufacturing capacity is forecast to expand to over 10 GW by 2025.
In addition to its Ohio manufacturing facilities, First Solar also operates factories in Vietnam and Malaysia, and is building its first new manufacturing facility in India, which is scheduled to begin operations in the second half of 2023.
On completion of its expansion plans in the US and India, the company expects to have over 20 GWDC of annual global manufacturing capacity in 2025.