First Solar

Capital Power Secures 1 GW Supply of Responsibly Produced, Ultra-Low Carbon First Solar Modules

Retrieved on: 
Wednesday, July 5, 2023
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EDMONTON, Alberta, July 05, 2023 (GLOBE NEWSWIRE) -- First Solar , Inc. (NASDAQ: FSLR) and Capital Power Corporation (“Capital Power” or “the Company”) (TSX: CPX) announced today that Capital Power has secured its first order for approximately 1 gigawatt (GWDC) of responsibly produced, ultra-low carbon thin film solar modules.

Key Points: 
  • EDMONTON, Alberta, July 05, 2023 (GLOBE NEWSWIRE) -- First Solar , Inc. (NASDAQ: FSLR) and Capital Power Corporation (“Capital Power” or “the Company”) (TSX: CPX) announced today that Capital Power has secured its first order for approximately 1 gigawatt (GWDC) of responsibly produced, ultra-low carbon thin film solar modules.
  • The Series 6 Plus modules, which will be delivered between 2026 and 2028, will support Capital Power’s growing development portfolio.
  • “We are excited to partner with First Solar and its responsibly produced ultra-low carbon solar technology, which supports our solar development pipeline,” said Chris Kopecky, Senior Vice President and Chief Legal, Development and Commercial Officer, Capital Power.
  • “We are pleased that Capital Power selected Responsible Solar technology to power its assets reliably, affordably and sustainably.”
    Committed to net zero by 2045, Capital Power’s balanced approach to power generation includes a focused effort on solar energy growth across North America.

Capital Power Secures 1 GW Supply of Responsibly Produced, Ultra-Low Carbon First Solar Modules

Retrieved on: 
Wednesday, July 5, 2023
Semiconductor, Technology, Utilities, Alternative Energy, Energy, Hardware, FSLR, Electronic Product Environmental Assessment Tool, Senior, Electronics, Child labour, Chief commercial officer, Solar, CPX, First Solar, Multimedia, Research, Capital Power Corporation, Carbon, PV, Development, Forced labour, Risk, Capital, TSX, EPEAT, R, RBA, Renewable energy

First Solar , Inc. (NASDAQ: FSLR) and Capital Power Corporation (“Capital Power” or “the Company”) (TSX: CPX) announced today that Capital Power has secured its first order for approximately 1 gigawatt (GWDC) of responsibly produced, ultra-low carbon thin film solar modules.

Key Points: 
  • First Solar , Inc. (NASDAQ: FSLR) and Capital Power Corporation (“Capital Power” or “the Company”) (TSX: CPX) announced today that Capital Power has secured its first order for approximately 1 gigawatt (GWDC) of responsibly produced, ultra-low carbon thin film solar modules.
  • The Series 6 Plus modules, which will be delivered between 2026 and 2028, will support Capital Power’s growing development portfolio.
  • View the full release here: https://www.businesswire.com/news/home/20230705120066/en/
    First Solar and Capital Power Corporation announced today that Capital Power has secured its first order for approximately 1 gigawatt (GWDC) of responsibly produced, ultra-low carbon thin film solar modules.
  • (Photo: Business Wire)
    “We are excited to partner with First Solar and its responsibly produced ultra-low carbon solar technology, which supports our solar development pipeline,” said Chris Kopecky, Senior Vice President and Chief Legal, Development and Commercial Officer, Capital Power.

Energix Closes $520 Million Financing and Tax Equity Deal to Fund New Solar Projects

Retrieved on: 
Thursday, June 29, 2023
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ARLINGTON, Va., June 29, 2023 /PRNewswire/ -- Energix Renewables, a global renewable energy leader, has announced the successful closing of two project financing transactions with Santander Corporate & Investment Banking ("Santander CIB"), as the sole underwriter and structuring bank of a construction financing and term loan which includes a Tax Equity bridge loan, and Morgan Stanley Renewables Inc. ("Morgan Stanley"), as a tax equity investor, in connection with 6 utility scale solar projects located in Virginia and Pennsylvania totaling $520 million dollars in the aggregate.

Key Points: 
  • The total construction and term-loan amount committed by the lenders is $260 million, and the total tax equity commitment is $260 million; provided, however, the total tax equity contribution could be higher based on the project companies' ITC (investment tax credit) eligibility.
  • The latest transaction marks the third tax equity deal Energix has closed with Morgan Stanley.
  • "Energix is bringing their knowledge and strong experience to the US and we are very excited to have supported Energix in their first financing transaction.
  • With the additional investment from Morgan Stanley and Santander CIB, Energix is projected to have 640 MWdc of operational projects by the end of 2023.

First Solar Announces Limited Production Run of World’s First Bifacial Thin Film Photovoltaic Module

Retrieved on: 
Wednesday, June 14, 2023
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First Solar , Inc. (NASDAQ: FSLR) today announced a limited production run of the world’s first bifacial solar panel utilizing an advanced thin film semiconductor.

Key Points: 
  • First Solar , Inc. (NASDAQ: FSLR) today announced a limited production run of the world’s first bifacial solar panel utilizing an advanced thin film semiconductor.
  • The module, which is undergoing field and laboratory testing, builds on the track record of First Solar’s successful Series 6 monofacial module platform.
  • In October 2022, First Solar announced that it would construct a new R&D innovation center in Perrysburg, Ohio.
  • It will feature a high-tech pilot manufacturing line allowing for the production of full sized prototypes of thin film and tandem PV modules.

Lightsource bp Completes $460 Million Financing Package for Solar Projects in Louisiana and Indiana

Retrieved on: 
Thursday, June 1, 2023
Alternative Energy, Energy, Utilities, Climate, ING Group, Life, Engineering, NatWest Group, EPC, Risk management, First Solar, ING, Carbon, Wind, Commercial bank, Biodiversity, Lightsource BP, Inflation, Prairie Ronde Township, Michigan, Bank of America, Climate change, Honeysuckle, ATI Technologies, Société Générale, Lloyds Banking Group, ESG, Inflation Reduction Act of 2022, Development, Bank, Engineering, procurement, and construction, NatWest, Bee, Renewable energy, Light

Lightsource bp has successfully closed on a $460 million multi-project financing package, which will support the construction and operation of a 368 megawatt (MW) portfolio comprised of two utility-scale solar projects in the United States.

Key Points: 
  • Lightsource bp has successfully closed on a $460 million multi-project financing package, which will support the construction and operation of a 368 megawatt (MW) portfolio comprised of two utility-scale solar projects in the United States.
  • Over the last four years, the Lightsource bp team has raised over $3.7 billion in financing for projects in eleven states across the U.S. with a growing list of world-class financing partners.
  • Debt for this portfolio was provided by the following Mandated Lead Arrangers, with the balance of equity requirements supported by Lightsource bp.
  • Additionally, Lightsource bp works to increase biodiversity under and around the solar panels at our projects, as part of our Responsible Solar ethos.

Lightsource bp’s 152.5MW solar farm in Indiana helping reduce Verizon’s carbon footprint while contributing to leading pollinator habitat research

Retrieved on: 
Tuesday, May 23, 2023
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Lightsource bp developed, financed and will own and operate Bellflower Solar, and has entered into a virtual power purchase agreement with Verizon with respect to the energy generated by Bellflower Solar.

Key Points: 
  • Lightsource bp developed, financed and will own and operate Bellflower Solar, and has entered into a virtual power purchase agreement with Verizon with respect to the energy generated by Bellflower Solar.
  • The renewable energy produced by the Bellflower Solar project will help us achieve net zero operational emissions by 2035.”
    The Bellflower solar farm brings many environmental benefits to Indiana, in addition to improving air quality by reducing carbon dioxide emissions from electricity generation.
  • An additional 10 acres has been dedicated to lush pollinator gardens with more than 60 different types of flowering plants.
  • The solar farm is participating in a research study which will measure the ecological benefits of pollinator habitat at utility-scale solar.

FirstEnergy Holds 2023 Annual Meeting

Retrieved on: 
Wednesday, May 24, 2023
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AKRON, Ohio, May 24, 2023 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) Board Chair, Interim President and Chief Executive Officer John W. Somerhalder told shareholders today that FirstEnergy is making progress on its plans to drive long-term success and create sustainable value for all of its stakeholders. Speaking at the company's 2023 Annual Meeting of Shareholders, he said this is an exciting moment in the company's history.

Key Points: 
  • Speaking at the company's 2023 Annual Meeting of Shareholders, he said this is an exciting moment in the company's history.
  • "Over the last two years, we've taken critical steps to transform FirstEnergy into a more innovative, efficient and forward-thinking company.
  • FirstEnergy also announced preliminary voting results from its 2023 Annual Meeting.
  • Following the Annual Meeting, Tierney was appointed to the FirstEnergy Board of Directors effective June 1, 2023.

First Solar Strengthens Global Technology Position in PV with Acquisition of Evolar, a Leading European Thin Film Company

Retrieved on: 
Friday, May 12, 2023
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First Solar , Inc. (NASDAQ: FSLR) today announced that it has further strengthened its global leadership in thin film photovoltaics (PV) by acquiring Evolar AB, a European leader in perovskite technology.

Key Points: 
  • First Solar , Inc. (NASDAQ: FSLR) today announced that it has further strengthened its global leadership in thin film photovoltaics (PV) by acquiring Evolar AB, a European leader in perovskite technology.
  • View the full release here: https://www.businesswire.com/news/home/20230511005712/en/
    First Solar has further strengthened its global leadership in thin film photovoltaics by acquiring Evolar AB, a European leader in perovskite technology.
  • “The future of PV clearly lies in thin film semiconductors, and few other solar technology companies are as well placed to develop and commercialize future solar technologies as First Solar is.
  • It will feature a high-tech pilot manufacturing line allowing for the production of thin film and tandem PV modules.

Terabase Energy Launches Terafab Automated Field Factory to Accelerate the Deployment of Solar Power Plants

Retrieved on: 
Thursday, May 11, 2023
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Terabase Energy, the leader in digital and automation solutions for solar power plants, is launching Terafab™, the world’s first automated, digital field factory for solar power plant construction.

Key Points: 
  • Terabase Energy, the leader in digital and automation solutions for solar power plants, is launching Terafab™, the world’s first automated, digital field factory for solar power plant construction.
  • Terafab transforms solar power plant construction with a modern factory approach, increasing installation productivity by a factor of 2x over traditional methods.
  • Faster construction: High-throughput, 24/7 operation, and modularity enable rapid ramp-ups and much higher solar field construction speeds, significantly reducing project schedules.
  • Terabase Energy is on a mission to reduce the cost and accelerate the deployment of utility-scale solar through construction automation and software.

SWIFT CURRENT ENERGY CLOSES PROJECT FINANCING ON 266 MW TRES BAHIAS SOLAR PROJECT IN SOUTHEAST TEXAS

Retrieved on: 
Tuesday, May 2, 2023
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BOSTON and HOUSTON, May 2, 2023 /PRNewswire/ -- Swift Current Energy ("Swift Current") today announced that it has closed project financing with ING Capital, LLC ("ING") and has received a tax equity commitment from Morgan Stanley Renewables Inc. ("Morgan Stanley") for its 266 MWdc (195 MWac) Tres Bahias Solar project located in Southeast Texas.

Key Points: 
  • BOSTON and HOUSTON, May 2, 2023 /PRNewswire/ -- Swift Current Energy ("Swift Current") today announced that it has closed project financing with ING Capital, LLC ("ING") and has received a tax equity commitment from Morgan Stanley Renewables Inc. ("Morgan Stanley") for its 266 MWdc (195 MWac) Tres Bahias Solar project located in Southeast Texas.
  • "Swift Current Energy now has more than 1 GW of solar and wind energy projects in construction across multiple power markets and states," said Eric Lammers, CEO and Co-Founder, Swift Current Energy.
  • Swift Current selected IEA Constructors, a leading renewable energy engineering, procurement, and construction provider, to manage the construction of the project.
  • As of April 2023, Swift Current had more than 1 GW under construction, including the 800 MW Double Black Diamond Solar project in Illinois.