News: Photovoltaics
4 June 2024
5N Plus renews and increases CdTe materials supply agreement with First Solar
Specialty semiconductor and performance materials producer 5N Plus Inc of Montreal, Québec, Canada has renewed its supply agreement with First Solar Inc of Tempe, AZ, USA.
5N+ will increase its supply of cadmium telluride (CdTe) semiconductor materials to First Solar for the manufacturing of thin-film photovoltaic (PV) solar modules. 5N+’s materials are embedded in First Solar’s Series 6 and 7 PV modules in a specialty semiconductor stack. This is aligned with 5N+’s announced plans to increase capacity to serve high‐value, high‐growth end markets.
“We are pleased to have once again successfully extended our longstanding partnership under favourable terms,” says president & CEO Gervais Jacques. “We are committed to partnering with strategic customers operating in critical industries as a strong, reliable and trusted provider of advanced specialty semiconductors,” he adds.
“This agreement with First Solar represents a 50% increase in volume over the next two calendar years compared to our previous agreement, an increase which we will meet as a result of the investments made over the last few years in Montréal and Eisenhüttenstadt, Germany, to increase our semiconductor compound production capacity and recycling capabilities. This will also allow us to expand our semiconductor product portfolio in support of First Solar,” Jacques continues.
“With its semiconductor material production facilities in Canada and Germany, 5N+ is a key part of our supply chain,” says First Solar’s chief supply chain officer Mike Koralewski. “We are pleased to extend our longstanding partnership with 5N+ as we continue our journey to growth and expand our global manufacturing footprint to reach an expected 25GW of nameplate capacity by 2026.”
As part of the agreement, 5N+ and First Solar also continue to collaborate on the development and supply of other renewable energy products to support the growth and improvement of CdTe thin-film technology.
5N Plus renews and increases multi-year supply agreement with First Solar
5N Plus secures multi-year supply contracts with First Solar
