Canadian Solar Inc. and EDF Renewables North America have signed a multi-year module supply agreement. According to the deal, Canadian Solar will deliver up to 7 GW of high efficiency N-type TOPCon solar modules to be produced at the manufacturer’s new factory in Mesquite, Texas.
Canadian Solar will supply its latest high efficiency N-Type TOPCon (Tunnel Oxide Passivated Contact) solar modules to support EDF Renewables’ project pipeline in the United States between 2024 and 2030. The TOPCon modules will solidify Canadian Solar’s mission to provide the best return on investment for its customers. The new modules boast high conversion efficiencies of up to 22.5%, a low temperature coefficient of -0.30%/degrees C, low LID (Light Induced Degradation) resulting in a low power degradation and improved bifaciality over Mono-PERC modules, all resulting into an increased energy production.
Earlier this summer, Canadian Solar announced it would invest over $250 million in a state-of-the-art solar photovoltaic module factory in Mesquite, Texas. Once fully ramped up, the factory would have an annual output of 5 GW and create approximately 1,500 skilled jobs. Production is expected to start in Q4 2023.
“The module supply agreement demonstrates our commitment to domestic sourcing and represents a pivotal step for EDF Renewables, enabling us to achieve key milestone dates and execute a schedule for the construction of our robust solar pipeline,” said Tristan Grimbert, president and CEO of EDF Renewables. He added that being able to develop and build solar projects with solar modules made in the United States aligns with IRA guidelines and allows the company to “minimize risks linked to trade uncertainties and supply chain fluctuations.”
The agreement further solidifies the partnership between the two companies that was first formed in 2019, Grimbert said.
Canadian Solar chairman and CEO Dr. Shawn Qu agreed.
“This agreement is a testament of the strong relationship and long history of cooperation between our two companies at a global level in the U.S. and in Brazil,” Qu said. “We are excited to work with EDF Renewables North America as we bring a stable supply of clean and reliable solar energy to the U.S. market, powered by solar modules made locally, under the backdrop of the Inflation Reduction Act.”
Tags: Canadian Solar, EDF Renewables, investment, purchase agreement, supply chain
