AES, Clearway, Cypress Creek, DESRI Band Together to Create Solar Buyer Consortium

Clearway Energy Group, Cypress Creek Renewables, and D. E. Shaw Renewable Investments have partnered to form the U.S. Solar Buyer Consortium will drive the expansion of the national solar supply chain and support growth of the American industry.

The U.S. Solar Buyer Consortium is committed to purchasing more than $6 billion of solar panels and is looking for manufacturers that are aligned with the consortium’s goals that can supply up to 7 GW of solar modules per year starting from 2024.

AES has a large backlog for solar projects in the U.S. including 3.4 GW of projects coming online between 2022-2025. This is on top of a total backlog that exceeds 10.3 GW across all geographies. AES signed 5 GW of power purchase arrangements (PPAs) for renewable energy in 2021. This includes 1.4 GW for U.S. Solar projects. AES has a 59 GW pipeline, of which 68% are in the United States.

“With our large and growing pipeline of solar projects, AES is fully committed to accelerating America’s transition to clean energy,” says Andrés Gluski, AES’ president and CEO. “Some of America’s top solar developers have come together to do our part to help attract investments into U.S. solar manufacturing. It is crucial, however, that the U.S. government creates a realistic, long-term policy framework that supports onshoring more of our solar panel supply chain without unnecessarily disrupting the growth and success of our sector.”