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First Solar Secures Major Deal with Energix Renewables for Thin Film Solar Modules

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Representational image. Credit: Canva

Energix Renewables and First Solar, Inc. have entered into a framework agreement with significant implications for the renewable energy industry. In a deal announced today, Energix Renewables, one of Israel’s leading renewable energy companies, has agreed to procure 5 gigawatts (GWDC) of First Solar’s ultra-low carbon thin film solar modules. These modules will be used to power Energix projects in Israel, Poland, and the United States, with deliveries scheduled between 2026 and 2030.

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This agreement marks a significant milestone for both companies and solidifies their long-term strategic partnership. Energix, with a portfolio of more than 7 gigawatts of projects under development, has placed over 3.5 GWDC of orders for First Solar technology since 2017. The latest deal will see Energix operate over 7-9 GW of First Solar technology by 2030, firmly establishing First Solar as a trusted partner for Energix’s expanding pipeline.

Energix’s CEO, Asa (Asi) Levinger, expressed his confidence in the partnership, stating, “As we grow our pipeline, we want a trusted partner that will not compromise on quality, its commitments, or principles, and that partner is First Solar. This deal, our largest ever, strongly reflects the long-term strategic partnership we share with First Solar. It also constitutes a significant milestone for Energix’s long-term growth, as we rapidly expand our global pipeline, with an emphasis on the United States. With shared goals and a united vision for a sustainable energy future, this deal perfectly suits our needs, paving the way for groundbreaking achievements and reinforcing our commitment to our stakeholders.”

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Georges Antoun, Chief Commercial Officer of First Solar, also acknowledged the importance of the partnership, remarking, “This deal demonstrates once again the substantial place Energix takes as one of our biggest clients worldwide, and we feel honorable to take an active part in Energix’s significant growth, especially in the United States. We are pleased that Energix will power its asset portfolio with First Solar’s module technology. This is another example of a large, sophisticated player choosing to de-risk its development portfolio by working with us. They recognize that they do not simply get a high-quality, high-performance, responsibly-produced PV module, but a trusted partner and long-term pricing and supply certainty, which are rarities in the solar industry.”

First Solar’s thin-film photovoltaic (PV) modules have gained recognition for their exceptional quality, durability, reliability, design, and environmental performance. They boast the lowest carbon and water footprint among commercially available PV modules and have been included in the Electronic Product Environmental Assessment Tool (EPEAT) global registry for sustainable electronics. Furthermore, First Solar’s commitment to responsible manufacturing is evident through its membership in the Responsible Business Alliance (RBA), a leading industry coalition dedicated to upholding workers’ and communities’ rights and well-being in global supply chains.

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In addition to this groundbreaking agreement, First Solar is making substantial investments to expand its manufacturing capabilities. The company plans to invest approximately $1.3 billion in expanding its US manufacturing footprint, increasing its annual nameplate capacity from over 6.5 GWDC to about 10.9 GWDC by 2026. This includes investments in a new 3.5 GWDC facility in Alabama and the expansion of its existing manufacturing footprint in Ohio. Furthermore, First Solar has committed up to $370 million for dedicated research and development (R&D) innovation center in Perrysburg, Ohio, scheduled for completion in 2024.

Beyond the procurement of modules, Energix has also engaged First Solar Recycling Services to manage the end-of-life handling of decommissioned modules from its projects. First Solar’s recycling program ensures a closed-loop semiconductor recovery process for reuse in new modules while recovering other valuable materials, such as aluminum, glass, and laminates.

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