First Solar, Inc.( Nasdaq FSLR) moment blazoned that it has entered into a 15-time, interned Power Purchase Agreement( PPA) with Cleantech Solar, a leading provider of renewable energy results to pots in India and Southeast Asia. Under the agreement, Cleantech Solar will construct 150 megawatts( MW) of photovoltaic( PV) solar and16.8 MW of wind-generating means in Tamil Nadu, India, supplying roughly7.3 gigawatt- hours( GWh) of clean electricity to First Solar’s new3.3- gigawatt( GW) vertically integrated solar manufacturing installation, also located in TamilNadu.
When completely commissioned by the third quarter of 2024, the solar and wind generation means are anticipated to give up to 70 of the installation’s awaited electricity requirements. They’re anticipated to displace nearly 7,000 kilotons of CO2 emigrations over the duration of the PPA. likewise, Cleantech Solar has agreed to land 150 MW of advanced, India-made Series 7 thin film solar panels from First Solar, exercising the modules to power the solar PV element of the PPA. The modules are anticipated to be delivered in the first half of 2024. “ Our new manufacturing installation in Tamil Nadu sets a high standard for responsible and sustainable vertically integrated solar manufacturing, not just in India, but encyclopedically, ” said Sujoy Ghosh, vice chairman and managing director, of First Solar, India.
The installation is designed to minimize its impact on original water coffers and will calculate entirely on tertiary treated rear osmosis water from the megacity’s sewage treatment factory and have zero wastewater discharge. also, the plant is home to India’s first photovoltaic( PV) solar recycling factory. The company innovated high-value solar recycling, which provides unrestricted-circle semiconductor recovery for use in new modules, while also recovering other accouterments including aluminum, glass, and laminates. First Solar’s responsibly produced, advanced thin film photovoltaic( PV) modules set assiduity marks for quality, continuity, trustability, design, and environmental performance. The company’s solar modules have the smallest carbon and water footmark of any commercially available PV module moment, and it’s the first PV manufacturer to have its product included in the Electronic Product Environmental Assessment Tool( EPEAT) global registry for sustainable electronics. “ We’re pleased to advertise our strategic cooperation with First Solar. This collaboration extends beyond powering First Solar’s flagship manufacturing installation in India; it involves using their advanced,ultra-low carbon thin film solar panels to amp our solar means, ” said Sachin Jain, principal administrative officer, Cleantech Solar.
“ has a substantial presence in the state of Tamil Nadu within the renewable energy sector, particularly in Wind and Solar. Our state-of-the-art solar and wind energy premises in the region play a vital part in delivering clean and cost-competitive power to our recognized guests, including First Solar. ” Jain added, “ This collaboration enables our mates ’ sweats to diversify their energy sources, integrate renewable energy into their operations, and achieve an advanced degree of stability and sustainability in their power force. This cooperation exemplifies our commitment to advancing sustainable energy results and reinforces our position as a crucial player in the renewable energy geography. We look forward to a mutually salutary relationship with First Solar, contributing to the growth and success of both associations. ” The agreement is believed to be one of the largest intra-state PPAs in India and the systems being developed across Cleantech Solar’s renewable energy premises in Tamil Nadu are formerly furnishing solar, wind, and cold-blooded energy results to its commercial guests. With this rearmost agreement, Cleantech Solar’s total portfolio size in Tamil Nadu now stands at nearly 500 MW across operations and construction stages and includes solar, wind, and mongrel power systems.
