First Solar and Matrix Renewables have recently announced a partnership to procure 2.1 GW of solar modules – EQ Mag

First Solar, a provider of photovoltaic (PV) solar energy solutions, has received an order from Matrix Renewables, the TPG Rise-backed renewable energy platform, to supply 2.1 GW of solar PV modules.

First Solar will supply the advanced thin film modules between 2024 and 2027. These cutting-edge modules will serve as a crucial power source for Matrix’s renewable energy projects in both the United States and Spain. Notably, this marks Matrix’s first-ever order for First Solar’s PV technology.

Matrix Renewables, backed by TPG Rise, has established itself as a prominent player in the renewable energy arena. In the United States alone, Matrix owns an impressive portfolio of over 6 GW of projects in various stages of development across four different regions: CAISO, MISO, ERCOT, and WECC. The company continues to expand its pipeline and strengthen its team to meet the escalating demand for renewable energy solutions in the country.

Beyond its strong presence in the United States, Matrix Renewables has made its mark on the global stage, with projects spanning across Spain, Italy, and Chile. The company’s combined solar power, battery storage, and green hydrogen projects have already surpassed an impressive 13 GW.

Luis Sabate, the President at Matrix, expressed enthusiasm about the partnership and the potential it holds for driving positive change in the renewable energy industry. Sabate emphasized that the deal allows Matrix to access top-notch solar technology without compromising on competitiveness or performance.