This agreement builds on LRE’s existing relationship with First Solar as a major buyer and operator of the company’s solar technology. The latest agreement is expected to take LRE’s total fleet of First Solar modules to almost 6 GWDC by 2028.
“We look forward to expanding our long-standing partnership with First Solar, which is consistent with our high-growth strategy as we continue to expand our renewable energy portfolio in the US, prioritising sustainable and responsible development” said Jason Allen, chief executive officer, LRE. “Through this partnership, LRE’s solar portfolio champions US manufacturing, fortifying the US solar module supply chain and supporting the creation of new American jobs.”
First Solar’s advanced thin film PV modules are designed and developed at its R&D centres in California and Ohio. The company is expanding its US manufacturing footprint, which currently stands at approximately 6 GW of annual nameplate capacity with three operating factories in Ohio. The company is expected to reach more than 10 GW of annual nameplate capacity in the US by 2025, when it is scheduled to complete its new $1.1 billion factory in Alabama and a $185 million expansion of its existing capacity in Ohio. First Solar is also investing up to $370 million in a new research and development innovation center in Ohio.
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