San Ramon, CA: January 26, 2021-- LONGi
Solar Technology (U.S) (LONGi) announced that it has executed a Long Term
Agreement with Strata Solar, LLC (Strata), a leading provider of utility-scale solar and battery
storage systems.
Under the
non-exclusive agreement, Strata has locked in 500 MWs of bifacial
monocrystalline module capacity over the next 2 years. In addition, both
parties will agree on additional volume commitments for 2023 by the end of
2021. Furthermore, this agreement guarantees that Strata can utilize LONGi’s
highest available nameplate power output in watts and power density.
“We are excited to
have forged this long-term partnership with Strata,” said Archie Flores,
General Manager at LONGi U.S. “Strata continues to be one of the more
forward-thinking project developers in the U.S. and we are committed to
enabling our partners to further advance the merits of clean energy
technologies in the country.”
Markus Wilhelm,
Chief Executive Officer of Strata Solar, commented, “We are very pleased to
embark on this strategic partnership with a market leader, LONGi, with a
vertically integrated supply chain well poised to mitigate the downstream risks
associated with the volatility in the PV module market. This additional
long-term partnership, similar to other Strata supplier relationships that have
been in place, will allow Strata to continue its commitment to high-efficiency,
high-reliability, and high-quality solar products to support the growth and
sustainability of our business over the next three years.”
The agreement
followed a comprehensive study by Strata into the impact LONGi bifacial
technology has on the performance of a solar Installation on the East Coast.
The study was performed at a Strata owned facility using LONGi bifacial modules
to evaluate the true backside gain of the technology, where Strata replaced a
string of monofacial modules with LONGi bifacial modules. The results of this study
will allow Strata to confidently predict the additional gain in energy
production captured by the technology and advise its partners accordingly when
sizing and modelling the output of their projects.
About LONGi Solar
LONGi Solar leads
the solar PV industry to new heights with product innovations and optimized
power-cost ratio with breakthrough monocrystalline technologies. LONGi Solar
supplies more than 30GW of high-efficiency solar wafers and modules worldwide
yearly, about a quarter of global market demand. LONGi Solar is recognized as
the world’s most valuable solar technology company with the highest market
value. Innovation and sustainable development are two of of LONGi Solar’s core
values. Visit us at LONGi Solar, or follow us
on Facebook, Twitter and LinkedIn.
About Strata Solar
Strata Solar is a
leading provider of utility-scale solar and battery storage systems. The
company’s vertically-integrated approach, which includes development,
financing, engineering, procurement, construction, and operations and
maintenance, allows Strata to consistently develop and build state-of-the-art
projects with long-term ownership in mind. Strata specializes in
renewable-energy and energy-storage solutions and is consistently ranked as one
of the top utility-scale solar integrators in the U.S.
