AT&S Signs 7GW Long-Term Module Order with French Power Group EDF Renewables North America
("AT&S", 688472.SH) has signed a long term sales agreement for photovoltaic (PV) modules with EDF Renewables North America, Inc. Under the agreement, AT&S will supply EDF with a total of approximately 7 GW of high-efficiency N-Type TOPCon PV modules, which will be manufactured at AT&S' new plant in Mesquite, Texas, USA.
AT&S will supply the latest high-efficiency N-type TOPCon modules to EDF for EDF Renewables' PV power plant projects in the United States from 2024 to 2030.
With a maximum conversion efficiency of 22.5%, a low temperature coefficient of -0.29%/°C and a low photoluminescence degradation effect (LID), AT&S TOPCon modules offer significant advantages over conventional monocrystalline PERC modules, such as higher efficiency, higher power generation per watt, higher bifacial ratio, low attenuation, low temperature coefficient, low system cost, and low cost of kWh, which will further improve customers' return on investment.
AT&S' Mesquite, Texas PV module plant is under construction and is expected to start production in the fourth quarter of 2023. By then, the annual capacity of the plant is expected to reach 5 GW.
The signing of this long term sales contract demonstrates the long term and continuous recognition of AT&S module products in the international market and highlights the brand competitiveness of AT&S in the global high-end market. This is not only of great significance to ensure the long-term stable sales of the company's PV modules, but will also promote the healthy and sustainable development of the company.
Dr. Qu Xiaohua, Chairman and Chief Executive Officer of AT&S Group, said, "This agreement further strengthens the global partnership between AT&S and EDF, and is another important cooperation following the signing of a long term order for 1.8GW of modules by both parties in 2019, and the cooperation on the Pirapora PV power plant project in Brazil in 2017. We look forward to further cooperation between the two companies in the future to develop a more global, sustainable and resilient clean energy supply chain."