Arlington, Va. AES Corporation and leading US solar companies Clearway Energy Group (Clearway), Cypress Creek Renewables and DE Shaw Renewable Investments (DESRI) announced the formation of the US Solar Buyers Consortium.
The US Solar Buyers Consortium has committed to buying more than $6 billion worth of solar panels and is seeking manufacturers aligned with the consortium’s goals that can supply up to 7 GW of solar modules per year from 2024 .
This announcement comes at a time when the US Government is increasingly focused on strengthening energy security and independence, reducing its supply chain’s dependence on competing nations. AES has a large portfolio of solar projects pending in the United States, including 3.4 GW of new projects coming online between 2022 and 2025, out of a total portfolio of 10.3 GW spread across all geographies and technologies. In 2021, AES signed contracts for 5 GW of power purchase agreements (PPAs) for renewable energy, including 1.4 GW for solar projects in the US AES completed more agreements with corporate clients than any other company in the world in 2021, fueled in part by products like carbon-free power 24/7, which provides renewable energy 24 hours a day to customers like Microsoft, Amazon and Google.
