Energix Renewables, one of Israel’s largest renewable energy companies, has agreed to procure 5 gigawatts direct current (GWdc) of First Solar Inc.’s ultra-low carbon photovoltaic (PV) modules, First Solar said July 16.
The modules, which will power Energix projects in Israel, Poland and the U.S., will be delivered between 2026 and 2030.
Prior to this deal, the company placed over 3.5 GWdc of orders for First Solar technology since 2017. This deal will see Energix operate over 7 GW to 9 GW of First Solar technology by 2030.
“This deal, our largest ever… constitutes a significant milestone for Energix's long-term growth, as we rapidly expand our global pipeline, with an emphasis on the United States,” Energix CEO Asa Levinger said in a press release.
As the Western Hemisphere’s largest solar manufacturer, First Solar’s produces advanced thin film PV modules and sets industry benchmarks for quality, durability, reliability, design and environmental performance. The modules also have the lowest carbon and water footprint of any commercial PV module currently available.
Energix also contracted First Solar to manage end-of-life handling of decommissioned modules. The program, First Solar Recycling Services, provides closed-loop semiconductor recovery for use in new modules, while also recovering materials such as aluminum, glass and laminates.
First Solar is investing approximately $1.3 billion in expanding its U.S. manufacturing footprint from 6.5 GW of annual nameplate capacity to around 10.9 GW by 2026. In addition to the $1.1 billion expected investment in a new 3.5 GW facility in Alabama, the company also embarked on a $185 million expansion of its existing manufacturing footprint in Ohio. A $370 million dedicated R&D innovation center in Perrysburg, Ohio is also expected to be completed in 2024.
2023-10-19 - A merger between Chesapeake Energy Corp. and Southwestern Energy Co. would create the nation’s largest natural gas E&P, analysts say. But a multibillion-dollar combination could also draw scrutiny from regulators.
2023-10-02 - Here’s a roundup of the latest E&P headlines, including the go-ahead for a North Sea subsea field to begin production and new contract awards and technology launches.
2023-09-21 - The governments of Venezuela and Trinidad and Tobago signed an inter-institutional agreement related to joint hydrocarbon projects and bilateral trade between the countries.
2023-10-20 - The oil from Breidablikk is processed on the Grane and will account for approximately 15% of exports from Sture in the years ahead.
2023-09-22 - U.S. oil rigs fell by eight to 507 this week, their lowest since February 2022, while gas rigs dropped by three to 118.