EDF Renewables North America has tapped Canadian Solar to supply up to 7 gigawatts (GW) of solar modules, the renewable energy company said Aug. 9.
The N-type Tunnel Oxide Passivated Contact (TOPCon) solar modules will be produced at Canadian Solar’s new factory in Mesquite, Texas, the Ontario-based company’s first U.S. manufacturing facility.
The agreement was reached as EDF Renewables aims to double its global renewable capacity to 50 GW by 2030, up from 28 GW, and Canadian Solar boosts its supply of solar modules to meet growing clean energy needs. It also comes as the Inflation Reduction Act (IRA) incentivizes growth.
“We are genuinely excited about our capacity to develop and build solar projects utilizing 'Made-in-USA' solar modules aligning with IRA guidelines,” EDF Renewables North America CEO Tristan Grimbert said. “This substantial commitment enhances our ability to minimize risks linked to trade uncertainties and supply chain fluctuations, ultimately propelling our projects towards successful realization.”
Canadian Solar said its Mesquite facility will have an annual output of 5 GW when it is fully ramped up. Production is scheduled to start in fourth-quarter 2023.
Recommended Reading
What's Affecting Oil Prices This Week? (May 20, 2024)
2024-05-20 - U.S. economic activity, geopolitical uncertainty in the Middle East and the U.S.' recent hike in Chinese EV import duties all have a hand in the sway of oil prices this week.
Akin Energy Practice Adds Midstream Specialist as Partner
2024-05-20 - Trent Bridges, who served as vice president and assistant general counsel for Magellan Midstream Partners, has represented clients in a range of energy transactions, infrastructure development projects and investments, with a particular emphasis on the midstream industry.
Key Energy Buys Endeavors’ Well Servicing Business
2024-05-20 - Key Energy Services’ deal comes as Endeavor Energy Resources is selling its upstream assets to Diamondback Energy.
AI Highs: Corva Predictive Drilling Powers Oilfield Efficiency
2024-05-20 - The energy sector is buzzing with talk of artificial intelligence, and Corva is capitalizing on its ability to synthesize complex data to optimize drilling operations with predictive drilling software.
Iberdrola Scoops Up Rest of US Renewables Firm Avangrid in $2.6B Deal
2024-05-20 - Iberdrola said its acquisition of the remaining stake in Avangrid Inc. is intended to increase its exposure in the U.S.