Capital Power Secures 1 GW Supply of Responsibly Produced, Ultra-Low Carbon First Solar Modules

Sequence 6 Plus skinny movie modules to energy US and Canadian initiatives, with deliveries from 2026 to 2028

First Photo voltaic, Inc. (NASDAQ: FSLR) and Capital Energy Company (“Capital Energy” or “the Firm”) (TSX: CPX) introduced immediately that Capital Energy has secured its first order for about 1 gigawatt (GWDC) of responsibly produced , ultra-low carbon skinny movie photo voltaic modules. The Sequence 6 Plus modules, which will probably be delivered between 2026 and 2028, will assist Capital Energy’s rising growth portfolio.

“We’re excited to companion with First Photo voltaic and the accountable manufacturing of ultra-low carbon photo voltaic know-how, which helps our photo voltaic growth pipeline,” mentioned Chris Kopecky, Senior Vice President and Chief Authorized, Growth and Business Officer, Capital Energy. “First Photo voltaic’s long-term funding in home provide chains ensures using high-quality American photo voltaic know-how, together with merchandise manufactured with a big quantity of regionally sourced content material, to make the most of the our initiatives. Collectively, with our shared dedication to the sustainable and accountable growth of the photo voltaic trade, we sit up for constructing on this relationship.”

First Photo voltaic’s responsibly manufactured, superior skinny movie photovoltaic (PV) modules set trade benchmarks for high quality, sturdiness, reliability, design, and environmental efficiency. The corporate’s photo voltaic modules have the bottom carbon and water footprint of any commercially obtainable PV module immediately, and it’s the first PV producer to have a product included within the Digital Product Environmental Evaluation Device (EPEAT) world registry for in sustainable electronics.

First Photo voltaic’s differentiated skinny movie semiconductor, built-in manufacturing course of and tight management of the availability chain assist get rid of the chance of publicity in photo voltaic provide chains recognized by the US Division of Labor’s 2022 Checklist of Items Produced by Little one Labor or Pressured Labor tainted by pressured labor. The corporate is the one one of many world’s ten largest photo voltaic producers to be a member of the Accountable Enterprise Alliance (RBA), the world’s largest trade coalition devoted to supporting the rights and well-being of employees and communities in world provide chain, and the corporate doesn’t enable pressured labor in its manufacturing or its provide chains.

“Capital Energy joins a rising group of undertaking builders partnering with First Photo voltaic as a trusted module know-how supplier that may assist de-risk their undertaking pipelines by delivering long-term pricing and safety of provide,” mentioned Georges Antoun, chief industrial officer, First Photo voltaic. “We’re happy that Capital Energy has chosen Accountable Photo voltaic know-how to function its belongings reliably, affordably and sustainably.”

Dedicated to internet zero by 2045, Capital Energy’s balanced method to electrical energy technology features a targeted effort to develop photo voltaic power throughout North America. With three photo voltaic amenities in operation, Capital Energy will use its growth and building experience to ship initiatives towards an lively US photo voltaic pipeline totaling almost 2.4 GWDC.

First Photo voltaic is investing roughly $1.3 billion in increasing its US manufacturing footprint from greater than 6.5 gigawatts (GWDC) of annual nameplate capability immediately, to roughly 10.9 GWDC by 2026. Along with the $1.1 billion anticipated funding in a brand new 3.5 GWDC facility in Alabama, the corporate additionally started a $185 million growth of its current manufacturing footprint in Ohio. First Photo voltaic, the most important photo voltaic producer within the Western Hemisphere, additionally introduced an funding of as much as $370 million for a devoted analysis and growth (R&D) innovation heart in Perrysburg, Ohio, which is anticipated to which will probably be accomplished in 2024.

About Capital Energy

Capital Energy (TSX: CPX) is a growth-oriented North American wholesale energy producer with a strategic give attention to sustainable power headquartered in Edmonton, Alberta. We construct, personal, and function high-quality, utility-scale technology amenities that embrace renewables and thermals. We’re additionally making important investments in carbon seize and utilization to cut back carbon impacts. Capital Energy owns roughly 7,500 MW of energy technology capability at 29 amenities throughout North America. Tasks in superior growth embrace 224 MW of renewable technology in Alberta and North Carolina, 512 MW of incremental pure fuel mixed cycle capability from the repowering of Genesee 1 and a pair of in Alberta, and roughly 350 MW of pure fuel and battery power storage programs in Ontario.

About First Photo voltaic, Inc.

First Photo voltaic is a number one American photo voltaic know-how firm and world supplier of responsibly manufactured eco-efficient photo voltaic modules that advance the struggle towards local weather change. Developed in R&D labs in California and Ohio, the corporate’s superior skinny movie photovoltaic (PV) modules symbolize the subsequent technology of photo voltaic applied sciences, offering a aggressive, high-performance, lower-carbon various to traditional crystalline silicon. PV panels. From the sourcing and manufacturing of uncooked supplies by the recycling of the end-of-life module, First Photo voltaic’s method to know-how encompasses sustainability and accountability to individuals and the planet. For extra info, please go to www.firstsolar.com.

For First Photo voltaic Traders

This launch accommodates forward-looking statements, made pursuant to the protected harbor provisions of the Personal Securities Litigation Reform Act of 1995. These forward-looking statements embrace, however usually are not restricted to statements about 1) a an order for about 1 GWDC of photo voltaic modules by Capital Energy Growth, LLC; 2) First Photo voltaic plans to take a position roughly $1.1 billion to construct a fourth manufacturing unit in Alabama, $185 million to increase capability at its current manufacturing footprint in Ohio, and $370 million in a brand new R&D innovation heart in Ohio; and three) First Photo voltaic’s expectation that annual U.S. nameplate producing capability will increase to 10.6 GW by 2026. These forward-looking statements are sometimes characterised by way of phrases reminiscent of “estimate,” “anticipate, ” “anticipate,” “undertaking. ,” “plan,” “intend,” “discover,” “imagine,” “guess,” “guess,” “doubtless,” “might,” “ought to,” “objective,” “goal,” “be,” “will,” “can,” “predict,” “proceed” and the damaging or plural of those phrases and different related terminology. Ahead-looking statements are solely predictions based mostly on our present expectations and our estimates concerning future occasions and due to this fact converse solely as of the date of this launch. You shouldn’t place undue reliance on these forward-looking statements. We undertake no obligation to replace any forward-looking statements for any purpose, whether or not because of new info, future developments or in any other case. These forward-looking statements contain identified and unknown dangers, uncertainties, and different components that might trigger our precise outcomes, exercise ranges, efficiency, or achievements to vary. differ materially from these expressed or implied in these statements. These components embrace, however usually are not restricted to, issues mentioned underneath the captions “Danger Elements” and “Administration’s Dialogue and Evaluation of Monetary Situation and Outcomes of Operations” in our most up-to-date Annual Report on Type 10-Okay, as included in our different filings with the Securities and Alternate Fee.