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MN8 Energy Secures 457 MW of American Solar Modules from First Solar - SolarQuarter

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MN8 Energy Secures 457 MW of American Solar Modules from First Solar - SolarQuarter

First Solar, Inc. has announced that MN8 Energy LLC (“MN8”) has placed orders for 457 megawatts (MW) of advanced thin film solar modules. This includes 170 MW of Series 6 Plus bifacial modules and 287 MW of Series 7 modules. These modules are designated to fuel projects located in the northeastern and southern regions of the United States.

Established in 2017 as Goldman Sachs Renewable Power, MN8 currently manages a portfolio generating 3.2 GW. This portfolio caters to the renewable energy needs of more than 40 corporations, 70 government entities, and 20 utilities. MN8 has previously engaged with First Solar to acquire 123 MW American Kings Solar project located in California.

“We are pleased to continue our relationship with First Solar, building certainty and resilience into our development pipeline,” said David Fernandez, chief operations officer, MN8. “By executing these agreements, MN8 demonstrates strong support for developing a robust domestic supply chain for the US renewable industry that upholds the highest environmental, sourcing, and manufacturing standards. Furthermore, we’re thrilled to be collaborating with a partner that shares our commitment to responsibly and domestically produced solar, strengthening our industry’s social license to operate.”

“MN8 joins a growing number of renewable energy companies that are choosing certainty, competitiveness, and Responsible Solar by choosing First Solar,” added Georges Antoun, chief commercial officer, First Solar. “We thank MN8 for its trust and look forward to expanding this relationship.”

Related Knowledge Center: ENERGY BASICS: solar

State of Play

Declining costs and government encouragement have resulted in a rapid increase in solar energy production in the United States over the past 10 years, although solar’s share remains small: 1.6 percent of all electricity generation in 2018. That rapid growth is projected to continue.

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