First Solar ($FSLR) to Supply Swift Current Energy with 2 Gigawatts of High-Performance Solar Modules
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October 26, 2022 – TheNewswire - First Solar (FSLR) has announced a new supply agreement with Swift Current Energy to provide with two gigawatts of its high-performance, responsibly produced thin film solar modules.
The deal represents Swift Current’s second gigawatt-plus order for First Solar modules. Earlier this year, Swift placed an order for 1.27 gigawatts of First Solar modules.
Georges Antoun, First Solar chief commercial officer stated: “As America’s energy transition gathers pace, it must be underpinned by supply chains that are reliable and robust, and our customers recognize that First Solar is well positioned to provide the long-term certainty they need.”
First Solar, the only US-headquartered company among the world’s largest solar manufacturers, is expanding its manufacturing capacity at home and abroad. In addition to a third factory under construction in Ohio, the company 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, while its annual US manufacturing capacity is forecast to expand to over 10 GW by 2025.
Shares of First Solar trade on the NASDAQ under the symbol FSLR. For more information visit www.greenstocknews.com.
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