NRG Solar owns and operates some of the largest solar power plants in the U.S., and has more than 2,000 MW of solar projects under development or in construction across the southwest. It is a subsidiary of NRG Energy, Inc. (NYSE: NRG), a Fortune 500 and S&P 500 Company that owns and operates one of the U.S.s largest and most diverse power generation portfolios, with over 25 gigawatts of generation capacity.
This marks the first agreement between the two companies and the first purchase of thin film CIS technology in NRG Solars history. NRG Solar is a market leader in the expansion of solar equipment implementation throughout North America, and the company is on the forefront of emerging technology trends in renewable energy. Though the purchase is not set for a specific project, the transaction demonstrates the confidence NRG Solar has in CIS technology for future installations.
We are proud to have been chosen by NRG Solar for this purchase, said Gregory Ashley, chief operating office of Solar Frontier Americas. NRG Solars leadership in the industry makes them an extremely valuable long-term customer of Solar Frontier.
The modules are produced at Solar Frontiers gigawatt-scale Kunitomi factory, a production facility unparalleled for its combination of advanced automation, scale, and low-energy, end-to-end processing of CIS modules. Solar Frontiers modules deliver compelling economics, energy conversion efficiency, and overall power output (kWh) in real-world operating conditions.
The light soaking effect of CIS modules significantly increases output from initial values, while a lower temperature coefficient than crystalline silicon means more kWh produced under real conditions in hotter climates. Solar Frontiers modules are also ecologically compelling, with lower overall energy consumption in the manufacturing process to yield one of the fastest energy payback times in the solar industry.
