The agreement is the first for production from First Solar’s new manufacturing facility in India.
First Solar expects its India facility, located in Tamil Nadu, to start production in the second half of 2023. Under the agreement, Azure is expected to take delivery of First Solar’s Series 7 modules from the fourth quarter of 2023 to 2025.
“Having a long-term agreement with global solar modules technology leaders like First Solar is key to de-risking our supply side with the latest technology available in the market,” said Rupesh Agarwal, acting chief executive officer, Azure Power.
First Solar’s vertically integrated manufacturing facility near Chennai is projected to have an annual nameplate capacity of 3.3 GW DC. It is expected to produce an India-optimized version of the company’s Series 7 modules.
“Our relationship with Azure Power goes back over a decade and we are pleased that it is the launch customer for a product that has not only been designed for India, but made in India, for India,” said Georges Antoun, chief commercial officer, First Solar.
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