Geronimo Energy, First Solar Sign 415MW Series 6 Framework Supply Agreement

Deal grows Geronimo-First Solar relationship to over 1.4GWDC of systems and technology sales

PVTIME - First Solar, Inc. (Nasdaq: FSLR) today announced that it has entered into a framework supply agreement with Geronimo Energy, a National Grid company. Under the agreement, First Solar will supply 415 megawatts (MW)DC of its high-performance, eco-efficient Series 6 photovoltaic (PV) modules in 2022. This latest transaction has grown the relationship between the two companies to over 1.4 gigawatts (GW)DC of both systems and module technology sales.

Under the agreement, First Solar will supply Geronimo Energy with 415 megawatts (MW)DC of its high-performance, eco-efficient Series 6 photovoltaic (PV) modules in 2022.

Energy, headquartered in Minneapolis, Minnesota, is a leading American
renewable energy company, with over 2.4GW of wind and solar operational
or under construction, and a multi-gigawatt development pipeline.
Geronimo was acquired by National Grid, one of the world’s largest
publicly owned utilities in July 2019.

sees value in optimizing our solar projects with the Series 6 module.
Its benchmark-setting degradation rate and lifetime energy yields make
it the right choice to support our mission to help repower America’s
grid with clean, renewable electricity,” said Nathan Franzen, Vice
President of Development, Geronimo Energy. “First Solar and Geronimo
have deep roots in the US Midwest and a shared commitment to a
sustainable future. A strategic partnership like this helps Geronimo
continue its mission to repower rural American communities with
renewable energy projects through farmer-friendly development and local
economic benefits.”

Designed and developed at the
Company’s research and development (R&D) centers in California and
Ohio, First Solar’s Series 6 PV module sets industry benchmarks for
quality, reliability, design, and environmental performance. With a
carbon footprint that is up to six times lower than crystalline silicon
PV panels manufactured using conventional, energy-intensive production
methods, Series 6 delivers a superior environmental profile and cleaner solar electricity.

and First Solar have a longstanding relationship that’s based on shared
values and a common vision for a sustainable energy future,” said Darin
Green, Senior Director, Business Development, First Solar. “Geronimo’s
evolution into one of the country’s largest and most respected
independent power producers is an American success story. As America’s solar company,
we’re proud that our Series 6 technology will play a role in their
continued growth, enabling the success of their multi-gigawatt US solar

First Solar recently expanded its
manufacturing capacity to meet the demand for Series 6 modules, starting
production at its new module manufacturing facility in Lake Township,
Ohio, in October 2019. Representing over $1 billion in cumulative
investment, the new facility expanded First Solar's annualized
manufacturing capacity in the United States to 1.9GWDC,
making it the largest solar manufacturer in the Western Hemisphere.  The
Company also operates manufacturing facilities in Vietnam and Malaysia,
with a global annualized Series 6 manufacturing capacity of 5.5GWDC. First Solar recently celebrated two decades since its founding in 1999, and 25GWDC of PV modules shipped, making it the only American solar module manufacturing company to achieve this milestone.