EDP Lights Up U.S. Solar Market with $2.8 Billion in Projects

March 31, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--EDP Renewables North America LLC, a subsidiary of Energias de Portugal S.A. (Lisbon, Portugal), announced this week it has placed a multi-year order for 1.8 gigawatts (GW) of advanced, thin-film photovoltaic (PV) solar modules with First Solar Incorporated (NASDAQ:FSLR) (Tempe, Arizona). The modules, which both companies say will be delivered up to 2028, are to service EDP's growing U.S. renewables portfolio.

Industrial Info is tracking about $2.8 billion worth of U.S.-based projects from EDP Renewables that are under construction or slated to begin construction before the end of the year. All but one are solar projects. California and Indiana, the two states that account for nearly half of the total investment value, are hosting EDP projects with multiple phases.

First Solar's U.S.-based manufacturing capacity currently stands at more than 5 GW, which the company expects to more than double by 2025.