First Solar adds 525 MW of module supply agreements

First Solar has entered into new long-term module supply agreements with Italian solar power plant developer Sorgenia Solar, and extended module supply agreements with existing customers EDF Energies Nouvelles, Ecostream, Juwi and Phoenix Solar AG.

The new agreements expand First Solar's contracted module volume by 525 MW, allowing for additional sales of around US$800 million.

"With strong market growth in Italy we are pleased to announce our new partnership with the Italian Utility company Sorgenia Solar, who is well positioned to develop solar power plants in this important region," said First Solar CEO Mike Ahearn.

"These new module supply agreements and contract extensions enable our partners to increase solar electric generation in multiple markets throughout Europe and demonstrate the successful partnerships First Solar has established with the world's leading project developers and system integrators."