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First Solar, Akuo in 500MW Global Supply Agreement for Advanced Thin Film Modules

Multi-year agreement would see deliveries from 2024 to 2026 for US and international projects.

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

First Solar, Inc. announced that Akuo, a Paris-headquartered independent global renewable energy producer and developer, has placed an order for 500 megawatts (MW)DC of responsibly-produced thin film photovoltaic (PV) solar modules.

Under the agreement, First Solar will supply 200 MWDC for a utility-scale project developed by Akuo in the United States, with delivery scheduled for the first half of 2024. The remaining modules are expected to be delivered in 2025 and 2026, potentially powering projects in Europe or other regions where Akuo is present.

Founded in 2007, Akuo is a leading renewable energy developer with a presence in 15 countries, including the US, Spain, Greece, and Portugal. The company ended 2021 with 1.4 gigawatts (GW) of assets in operation or under construction and a project development pipeline of more than 7 GW.

“The solar industry operates against a backdrop of volatility and uncertainty, and this agreement is part of a broader effort to reduce the long-term supply risks of our global portfolio to actually deliver our projects,” said Eric Scotto, CEO, Akuo. “First Solar’s ability to provide supply chain traceability and its commitment to responsible manufacturing was crucial to us. It leads the industry with its long history of establishing benchmarks in supply chain transparency and the low environmental footprint of its technology, all of which reflects our shared value of responsible business practices.”

“We’re pleased to welcome Akuo to a growing number of long-term strategic partnerships with experienced global developers that have placed their trust in First Solar and our technology,” said Georges Antoun, chief commercial officer, First Solar. “Developers in Europe are recognizing the risks associated with having a geographically concentrated solar supply chain and are electing to take a long-term approach to supply diversity and security by working with us. Our differentiation rests as much on our ability to help our customers navigate volatility and uncertainty as our technology.”

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