Arevon Secures 2 GW Supply of American Solar Modules from First Solar
Arevon Energy, Inc. has secured a more than 2–gigawatt (GW)DC supply of advanced Series 7 thin film photovoltaic (PV) solar modules from First Solar, Inc. (Nasdaq: FSLR) to support its growing renewable energy portfolio. Approximately 700 megawatts (MW)DC of the total volume secured includes purchase orders issued prior to the release of First Solar’s Q2 2022 earnings in July this year. These orders will add to Arevon’s existing 2 GW portfolio of operating assets with First Solar modules and will support projects under development in the Midwest and Southwest regions.
“Arevon is at the forefront of powering the energy transition through the development of our nationwide solar pipeline,” said Justin Johnson, Arevon’s chief operating officer. “These orders solidify Arevon’s competitive advantage while ensuring we can deliver innovative solutions to our customers.”
Nationally, the demand for solar has increased substantially. A September 2022 forecast from Wood Mackenzie estimates that due to recent legislation, the U.S. recorded its largest quarter-over-quarter growth with 10 GW of new utility-scale solar capacity contracts. These orders for modules will ensure that Arevon can execute projects planned to deploy in the next five years.
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