Leading U.S. Solar Companies Announce Consortium to Spend More Than $6 Billion on Solar Modules and Support National Supply Chain Expansion

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“Our group of companies includes industry leaders who are committed to providing renewable and cost-effective energy to our customers. Our joint commitment to source at this scale can provide the certainty suppliers need to increase capacity and overcome current supply chain constraints,” said David ZwillingerCEO of DESRI.

The purchasing consortium will encourage a stable domestic supply chain for solar modules. Promotion of module supply chain offshoring demonstrates buying consortium’s belief in a made-in-USA solar industry that has the potential to create more than 250,000 new permanent jobs and more than 50,000 new jobs in construction by 2035. Increasingly, domestic supply chains will create lasting resilience and alleviate the constraints the industry faces today.

“The Consortium has a large and growing pipeline of solar projects in United Statesand we are committed to supporting America’s clean energy transition,” said Andrés Gluski, President and CEO of AES. “We work with customers of all kinds to decarbonize their operations and the network.

Solar power provides clean, low-cost power, builds grid resilience, and is key to addressing the climate crisis,” said Sarah Sluser, CEO of Cypress Creek Renewables. “We are proud to advance the important decarbonization and clean energy goals of our country and American manufacturing through the support provided by this consortium.”

Increasing solar energy deployment is key to achieving net zero emissions by 2050 and limiting global temperature increase to 1.5oh C. While the White House’s recently announced 24-month bridge for certain solar power imports and actions to support domestic manufacturing are a big step forward in addressing supply chain challenges, the Consortium recognizes that much more needs to be done to take advantage of industry progress towards lower cost offering. – clean, reliable and inexpensive energy for American families and businesses.

“Today’s announcement from the Consortium is just one step toward strengthening America’s solar supply chain,” said Craig Cornelius, CEO of Clearway Energy Group. “With legislation pending before Congress, policymakers can increase our domestic manufacturing workforce and restore our nation’s legacy as a manufacturing leader. We appreciate the Biden administration’s commitment to investing in American workers and urge lawmakers to seize this opportunity.”

For more details, please contact the consortium at [email protected].
For vendors interested in responding to the RFP, please contact [email protected].

About AES: AES Corporation (NYSE: AES) is a Fortune 500 global energy company accelerating the future of energy. Together with our many stakeholders, we are improving lives by providing the greener, smarter energy solutions the world needs. Our diverse workforce is committed to continuous innovation and operational excellence, while partnering with our customers in their strategic energy transitions and continuing to meet their energy needs today. For more information, visit AES here.

About Clearway: Clearway Energy Group is leading the transition to a world powered by clean energy. Together with our state-owned subsidiary Clearway Energy, Inc., we own and operate more than 8 gigawatts of renewable and conventional energy assets across the country. As we develop a national pipeline of new renewable energy projects for the future, Clearway’s 5.6 gigawatts of wind, solar and energy storage assets offset the equivalent of more than 10.5 million metric tons of carbon emissions for our customers today. Clearway Energy Group is headquartered in San Francisco with offices at Carlsbad, California.; Scottsdale, Ariz.; Houston; and Princeton, New Jersey For more information, visit clearwayenergygroup.com.

About Cypress Creek Renewables: Cypress Creek Renewables is a leading renewable energy developer and independent power producer in the United States. It develops, finances, owns and operates large-scale and distributed solar and energy storage projects across United States with a mission to power a sustainable future, one project at a time. Since its inception, Cypress Creek has developed over 12 GW of solar projects. Today it has 2 GW of solar power and has a 14 GW pipeline. Cypress Creek’s leading O&M services company operates and maintains 4 GW of solar projects for customers in 19 states. For more information on Cypress Creek, please visit www.ccrenew.com.

About DE Shaw Renewable Investments: DE Shaw Renewable Investments (DESRI) and its affiliates develop, acquire, own and operate renewable energy assets under long-term contract in the United States. DESRI’s portfolio of renewable energy projects in operation and under construction currently includes more than 65 solar and wind projects representing over 6 GW of cumulative capacity. DESRI is a member of the DE Shaw Group, a global investment and technology development company with over $60 billion investment and committed capital March 1, 2022and offices at North America, Europeand Asia.

SOURCEAES CORP.

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