SAN FRANCISCO (April 29, 2026) — Renewable Properties, a developer and investor in small-scale utility, community solar, energy storage, and electric vehicle infrastructure projects, has acquired 118 MW of Series 7 monofacial Cadmium Telluride (CdTe) thin-film modules from First Solar’s U.S. manufacturing facilities.
The made-in-U.S.A. modules will be used for solar projects that Renewable Properties is developing and constructing in 17 states. In California, 51 MW of the modules will be used for nine projects. Another 20 MW of modules will be allocated for four projects in New York, and 8 MW will be used for three projects in Illinois. In addition, 2 MW of the panels will be used for two projects in Minnesota. The remaining 37 MW of modules have been allocated toward other projects in the Renewable Properties pipeline.
“This purchase from First Solar will support Renewable Properties in continuing to drive forward solar energy in the U.S.,” said Aaron Halimi, Founder and CEO of Renewable Properties. “With domestically manufactured equipment secured to execute on these projects in multiple states, we’re on track to expand solar deployment at a time when electricity demand is increasing rapidly, while the solar industry faces new challenges. American-made solar panels are crucial to U.S. energy dominance, and sourcing domestically is a statement of confidence in American manufacturing and the jobs it supports.”
First Solar operates the largest solar technology manufacturing and research and development (R&D) footprint in the Western Hemisphere with five operational manufacturing facilities in Alabama, Louisiana, and Ohio. A sixth plant, under construction in South Carolina, is expected to begin operation in the second half of 2026 and is forecast to increase First Solar’s U.S. nameplate module production capacity to approximately 17 GW in 2027. Altogether, the company will have invested approximately $4.5 billion in American manufacturing and R&D infrastructure since 2019.
“Genuinely American solar manufacturing directly enables American energy dominance,” said Dr. Mounir El Asmar, First Solar’s Head of Strategic Accounts. “By investing in domestically produced modules, Renewable Properties is putting that principle into practice and delivering affordable energy to communities across the country, while supporting American manufacturing, supply chains, and jobs.”
Renewable Properties is now active in 17 states. With these latest solar panel procurements from First Solar, the company is solidly positioned to continue expanding its portfolio with the equipment needed to reach commercial operation. The purchase will also further support Renewable Properties’ pipeline of solar and energy storage projects under development and being acquired.
About Renewable Properties
Founded in 2017, Renewable Properties specializes in developing and investing in small-scale utility, community solar, energy storage, and EV infrastructure projects throughout the U.S. Led by experienced renewable energy professionals with development and investment experience, Renewable Properties is active in 17 states and has over 1.7 GW of solar and energy storage under development with over 320 MW under construction or in operation. Renewable Properties works closely with communities, developers, landowners, utilities, and financial institutions looking to invest in solar energy systems. For more information about Renewable Properties, visit www.renewprop.com.
About First Solar, Inc.
First Solar, Inc. (Nasdaq: FSLR) is America’s leading photovoltaic (“PV”) solar technology and manufacturing company. The only U.S.-headquartered company among the world’s largest solar manufacturers, First Solar is focused on competitively and reliably enabling power generation needs with its advanced, uniquely American thin film PV technology. Developed at research and development (“R&D”) labs in California and Ohio, the Company’s technology provides a competitive, high-performance, and responsibly produced alternative to conventional crystalline silicon PV modules. For more information, please visit www.firstsolar.com.
