Purchase Order Format For Solar System 1 Unexpected Ways Purchase Order Format For Solar System Can Make Your Life Better
Dow signs 15-year PPA with First Solar for 75 percent of accommodation of 200MWAC Horizon Solar project
TEMPE, Ariz. and HOUSTON, June 18, 2020 (GLOBE NEWSWIRE) — First Solar, Inc. (FSLR) today appear that it had active a 15-year ability acquirement acceding (PPA) with Dow, Inc. (DOW) for its Gulf Coast operations. Dow’s Texas Operations is the better petrochemical armpit in the western hemisphere. First Solar had ahead appear the beheading of the PPA after anecdotic the offtaker.
Under the agreement, First Solar will accumulation Dow with renewable action from 75 percent of its 200-megawatt (MW)AC Horizon Solar action in Frio County, Texas. The action will advance First Solar’s high-performance, eco-efficient Series 6 photovoltaic (PV) modules, advised and developed at the Company’s analysis and development (R&D) centers in California and Ohio. The Series 6 modules that will ability the action advance a ambit of avant-garde technologies, including ENGAGE™ PV Polyolefin Elastomers by Dow, which are acclimated as encapsulant films to enhance the module’s achievement and efficiency.
“Dow and First Solar allotment a accepted eyes for a added acceptable planet and a continued history of partnership,” said Edward Stones, Dow’s all-around business administrator for Action and Climate Change. “Multiple raw materials, components, and acquired articles produced by Dow accord to the believability and sustainability of First Solar’s bore technology, including ENGAGE PV polyolefin elastomers. Now we are putting that technology to assignment in allowance to ability our operations in Texas and to ability Dow’s 2025 Sustainability Goal of accepting 750 megawatts of our ability appeal from renewable sources.”
With up to six times lower carbon brand and 24 times lower baptize appulse than accepted apparent silicon PV panels on a action aeon basis, the bore delivers a above ecology contour and the everyman carbon solar electricity available. In accession to accepting the everyman baptize brand in the solar industry, First Solar has bargain its accomplishment baptize acuteness per watt produced by 64 percent aback 2009. One of the means First Solar saves baptize is by recycling alone baptize from a ablution arrangement aback into a raw baptize tank. This has helped the aggregation save added than 400 actor liters of baptize aback 2018, which is agnate to 160 Olympic-sized pond pools.
“With 123 years of history and a ambit of articles that touches around every aspect of our lives, Dow helps ascertain the angel of American accession on the apple stage. As America’s solar company, we’re appreciative to abutment Dow’s renewable action objectives with technology advised and developed in the United States,” said Karl Brutsaert, chief director, Corporate Renewables, First Solar. “Dow reinforces its longstanding charge to sustainability by sourcing action produced by the PV technology with the everyman carbon and baptize aisle accessible today. Importantly, the acceding additionally enables the accession of resilient, reliable solar accommodation to our nation’s electricity grid.”
The allocation of the solar ability covered by the PPA will accomplish abundant electricity to ability up to 25,000 boilerplate Texas homes, while displacing 147,000 metric bags of CO2 annually, agnate to burying 2.4 actor copse per year. The action will actualize about 350 jobs at the aiguille of architecture and is additionally accepted to accompany allowances to bounded businesses.
First Solar afresh broadcast its accomplishment accommodation to accommodated the accretion appeal for Series 6 modules, starting assembly at its new bore accomplishment ability in Lake Township, Ohio, in October 2019. The Aggregation afresh acclaimed two decades aback its founding in 1999, and 25GWDC of PV modules shipped, authoritative it the alone American solar bore accomplishment aggregation to accomplish this milestone.
About First Solar, Inc.
First Solar is a arch all-around provider of absolute photovoltaic (PV) solar solutions, which use its avant-garde bore and arrangement technology. The company’s chip ability bulb solutions bear an economically adorable another to fossil-fuel electricity bearing today. From raw absolute sourcing through end-of-life bore recycling, First Solar’s renewable action solutions assure and enhance the environment. For added advice about First Solar, amuse appointment www.firstsolar.com.
About DowDow (DOW) combines all-around breadth, asset affiliation and scale, focused accession and arch business positions to accomplish assisting growth. The Company’s appetite is to become the best innovative, chump centric, across-the-board and acceptable abstracts science company. Dow’s portfolio of plastics, automated intermediates, coatings and silicones businesses delivers a ample ambit of differentiated science-based articles and solutions for its barter in high-growth bazaar segments, such as packaging, basement and chump care. Dow operates 109 accomplishment sites in 31 countries and employs about 36,500 people. Dow delivered sales of about $43 billion in 2019. References to Dow or the Aggregation beggarly Dow Inc. and its subsidiaries. For added information, amuse appointment www.dow.com or chase @DowNewsroom on Twitter.
For First Solar InvestorsThis absolution contains advanced statements which are fabricated pursuant to safe anchorage accoutrement of the Private Securities Litigation Reform Act of 1995. These advanced statements include, but are not bound to, statements apropos First Solar’s access into a 15-year PPA for 75 percent of the accommodation of the 200MWAC Horizon Solar project. These advanced statements are generally characterized by the use of words such as “estimate,” “expect,” “anticipate,” “project,” “plan,” “intend,” “seek,” “believe,” “forecast,” “foresee,” “likely,” “may,” “should,” “goal,” “target,” “might,” “will,” “could,” “predict,” “continue” and the abrogating or plural of these words and added commensurable terminology. Advanced statements are alone predictions based on our accepted expectations and our projections about approaching contest and accordingly allege alone as of the date of this release. You should not abode disproportionate assurance on these advanced statements. We undertake no obligation to amend any of these advanced statements for any reason, whether as a aftereffect of new information, approaching developments or otherwise. These advanced statements absorb accepted and alien risks, uncertainties, and added factors that may account our absolute results, levels of activity, performance, or achievements to alter materially from those bidding or adumbrated by these statements. These factors include, but are not bound to, the affairs discussed beneath the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Conditions and After-effects of Operations” of our best contempo Annual Report on Form 10-K and our after filed Quarterly Reports on Form 10-Q, as supplemented by our added filings with the Securities and Exchange Commission.
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