Tuesday - May 6, 2025
First Solar (NASDAQ: 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.
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