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First Solar, Silicon Ranch sign agreement to supply modules in 2017-2018

and aSilicon Ranch Corp.subsidiary have entered a framework agreement for 231.6 MW DC of First Solar'sadvanced technology thin film modules for Silicon Ranch to use in plannedprojects for 2017 and early 2018, the companies said in an April 5 news release.

Theagreement is an upgrade to previous agreements involving more than 180 MW DC ofmodules used in projects entering commercial operations in 2015 and 2016. Theprojects are in Arkansas, Colorado, Georgia, Mississippi and Tennessee.

Accordingto First Solar, their modules' particular efficiency in hot and humid climatescompared to conventional multi-crystalline silicon solar products havebenefited Silicon Ranch, as the company mostly operates in places with thiskind of climate. Also, First Solar said its modules are capable of producingmore annual energy in a given land area compared to conventional modules.

As part ofthe agreement, a number of Silicon Ranch's 2017 projects could also use FirstSolar's balance of system solutions, which had been the case in the previousframework agreements.

The firstbatch of modules is scheduled to be delivered in the first quarter of 2017,continuing through the first quarter of 2018.