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 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.
About LONGi
LONGi 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 https://www.LONGi.com/, or follow us on Facebook, Twitter and LinkedIn.