News

1 June 2009

 

First Solar agrees multi-year supply contract with Pfalzsolar

First Solar Inc of Tempe, AZ, USA, which manufactures thin-film photovoltaic modules based on cadmium telluride (CdTe), has signed a new long-term supply agreement with Pfalzsolar GmbH, a fast-growing German solar project developer owned by Pfalzwerke AG (a public utility in the state of Rhineland-Palatinate).

The latest in a series of utility-linked agreements initially foresees delivery of First Solar’s photovoltaic modules to Pfalzsolar, beginning immediately, for use in rooftop and free-field solar projects in Germany.

“This agreement reinforces First Solar’s relationships with utility-owned project developers and demonstrates that local utilities increasingly see photovoltaic power as a necessary component of their future electricity generation portfolio,” says Stephan Hansen, managing director of First Solar GmbH of Munich, Germany.

Germany is a key market at a key period for the evolution of solar electricity in Europe, adds John Carrington, executive VP, global marketing & business development.

“The agreement gives us the guarantee of being able to offer high-performance modules at competitive prices, thereby helping us fulfill our ambitious growth targets,” says Pfalzsolar GmbH’s managing director Ali Boukhalfa.

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First Solar to acquire multi-Gigawatt utility-scale PV project business

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