First Solar, a provider of U.S.-made thin-film solar modules, is having a banner week, booking multiple GW master supply deals out into 2028. The Ohio-based manufacturer announced 10.1 GW of module sales across four deals with leading developers in the utility-scale space, finding buyers for as much as 22 million solar panels in a matter of a few days.
The orders are for First Solar Series 6, Series 6 Plus, and Series 7 module lines, made with cadmium telluride thin-film technology, a technology that has a lower carbon intensity to manufacture than traditional polysilicon solar cells.
First Solar's shares surged following the announcement of its acquisition of the Swedish solar technology company Evolar AB. This strategic move aims to bolster First Solar’s development of high-efficiency tandem photovoltaic (PV) technology by integrating Evolar’s advanced perovskite thin-film solutions with its own expertise in cadmium telluride (CdTe) thin-film PV technology.