First Solar, Inc.and a subsidiary of Silicon Ranch Corporation have entered into a framework agreement for 231.6MW DC of First Solar's thin film modules for use in Silicon Ranch projects to be constructed in 2017 and early 2018.
This agreement builds on previous agreements for more than 180MW DC of modules used in Silicon Ranch projects entering commercial operations in 2015 and 2016, located in Colorado, Georgia, Mississippi, Arkansas and Tennessee.
"First Solar is pleased to strengthen our relationship with Silicon Ranch through this deal," said Roger Bredder, First Solar's Vice President of U.S. Business Development. "There is deep value in aligning with a trusted, major solar developer, and our previous endeavors with Silicon Ranch have allowed us to jointly benefit from working in a region with exciting growth opportunities."
"As long-term owners of all our projects, Silicon Ranch recognizes the importance of quality and performance in every choice we make," said Pete Candelaria, Silicon Ranch's Chief Technology Officer. "First Solar is a U.S. manufacturer with superior products and a strong balance sheet, all of which were important factors in our selection. Furthermore, their technical and logistics units are the best in the business, which made them a great fit for the Silicon Ranch team."