Intersect Power Locks In Massive 4.9 GW Solar Panel Supply Deal, Pushing Total Orders to 7.3 GW Through 2029

DAOdreamer · 2025-12-31T11:27:24+00:00

Intersect Power will become the largest operator of First Solar's technology by 2029, with new contracts securing 7.3 GWDC of photovoltaic modules. This partnership emphasizes domestic manufacturing and advances clean energy supply chain security, as First Solar expands its production capacity in the U.S.

DAOdreamer

2025-12-31 11:27:24

Abstract generation in progress

By 2029, Intersect Power is set to become the world’s largest buyer and operator of First Solar’s cutting-edge photovoltaic technology—and the latest supply agreement is a major step toward that goal.

The Deal Breakdown

First Solar has inked new contracts to deliver an additional 4.9 GWDC of its high-performance thin film photovoltaic modules to Intersect Power. Combined with a 2.4 GWDC agreement signed back in July 2022, the company’s total module orders for the year now stand at an impressive 7.3 GWDC.

What’s noteworthy is the timing of these agreements. One gigawatt was secured before First Solar’s Q3 2022 earnings announcement, with the remaining 3.9 GWDC locked in afterward—signaling sustained momentum in long-term clean energy procurement.

From Orders to Deployment

These modules won’t sit on shelves. Intersect Power plans to deploy First Solar’s Series 6 Plus and Series 7 technologies across a portfolio of solar, battery storage, and green hydrogen projects rolling out across the United States between 2025 and 2029. When you factor in prior orders from 2019 and 2021—totaling 4.1 GWDC—Intersect Power’s cumulative deployed capacity with First Solar technology is projected to hit 11.4 GWDC by the end of the decade.

That trajectory makes it the dominant operator of First Solar’s US-developed, ultra-low carbon modules on the market.

Why This Partnership Matters

Intersect Power’s CEO Sheldon Kimber framed this as more than a commercial transaction: “Our country’s energy transition must be American made.” The emphasis on domestic manufacturing and technology reflects growing demand for supply chain security in clean energy.

First Solar’s thin film modules boast the lowest carbon and water footprint of any commercially available solar technology. The company is also the sole member of the top ten global solar manufacturers to join the Responsible Business Alliance (RBA), and it’s the first PV manufacturer to have products listed in the EPEAT global registry for sustainable electronics.

First Solar’s Expansion Plans

To meet orders like these, First Solar is ramping up capacity. The company is investing $4 billion into American manufacturing—including a third factory under construction in Ohio and a fourth facility in the US Southeast. Annual US manufacturing capacity is forecast to exceed 10 GWDC by 2025.

Additionally, First Solar plans to pour roughly $270 million into a dedicated R&D innovation center in Perrysburg, Ohio, expected to open in 2024.

The Bigger Picture

This deal exemplifies how major clean energy operators are locking in multi-year, stable pricing commitments with manufacturers. For Intersect Power—which operates 2.2 GW of solar PV and 1.4 GWh of co-located storage—scaling to 11.4 GWDC of deployed First Solar capacity represents a significant competitive advantage in the grid-tied renewables and green hydrogen space.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.