BYD And Strata Solar Finalize 160 MW Solar Panel and Battery Deal for 2014 – Yahoo Finance
BYD And Strata Solar Finalize 160 MW Solar Panel and Battery Deal for 2014
SHENZEN, China & CHAPEL HILL, N.C.–(BUSINESSWIRE)– After several meetings and facility tours at BYD’s production facilities in Shenzhen, BYD and Strata Solar have announced an extensive solar partnership for 2014. Chapel Hill-based Strata Solar has inked a deal with BYD to purchase 160 MW’s of their premium solar panels which represents over a third of Strata’s scheduled construction work for 2014. In addition to the panel deal, BYD and Strata will work together to implement BYD’s world leading battery technology into a series of Strata Solar’s utility farm projects in order to maximize production and efficiencies.
“Strata Solar is one of America’s premier solar firms and we are thrilled to have BYD panels installed in such a large portion of their portfolio next year. America is a very important market for solar energy and energy storage solutions, and BYD’s world leading products are rapidly gaining US market share. BYD’s competitive advantage in battery technology gives us a strong strategic position, allowing us to offer a unique total energy solution,” says Chuanfu Wang, the chairman of BYD. He goes on to say “Strata and BYD have been working on a series of interesting models for the utilization of BYD storage solutions in several upcoming Strata projects which we are very excited to be a participating in.”
BYD offers a wide range of products and services among which their battery technologies has emerged as an industry standard for electric vehicles, handsets and energy producers.
Markus Wilhelm, Strata Solar’s CEO said “We have been very impressed with BYD's focus on solar and storage technology. BYD's renewable energy division is highly vertically integrated, which benefits from strong engineering competence, and research and production capabilities in panel manufacturing, racking, inverter technology, and comprehensive storage solutions. During our meetings with Chairman Wang and his staff we had the opportunity to confirm Strata's alignment with BYD's global vision and strategy for solar energy. Strata's unique and rapidly growing utility scale solar business will provide BYD with a large and scalable platform for their current and new technology.”
Strata Solar will complete nearly 200 MW’s of solar across 30 installations in 2013. Strata will add 300 – 400 MW’s in 2014 and has a pipeline of 1.5 gigawatts.
About BYD
BYD Company Ltd. is one of China’s largest companies to have successfully expanded globally. Specializing in battery technologies, their green mission to “solve the whole problem” has made them industry pioneers and leaders in several High-tech sectors including High-efficiency Automobiles, Electrified Public Transportation, Environmentally-Friendly Energy Storage, Affordable Solar Power and Information Technology and Original Design Manufacturing (ODM) services.
As the world’s largest manufacturer of rechargeable batteries, their mission to create safer and more environmentally friendly battery technologies catalyzed the development of the BYD Iron Phosphate (or “Fe”) Battery. This fire-safe, completely recyclable and incredibly long-cycle technology has become the core of their clean energy platform that has expanded into automobiles, buses, trucks, utility vehicles and energy storage facilities. BYD and all of their shareholders, including the great American Investor Warren Buffett, see these environmentally and economically forward products as the way of the future.
BYD has made a strong entrance to the North, Central and South American markets with their battery electric buses, and lineup of automobiles. Their mission lies not just in sales growth, but also in sociological integration and local job creation as they have poured incredible investments into developing offices, dealerships and manufacturing facilities in the local communities they now call home, truly a first for Chinese companies. For more information, please visit www.byd.com or www.byd.com/pv/.
About Strata Solar, LLC.
Strata Solar is a national leader of utility scale solar energy systems and installations. Strata’s unique, low impact, standardized approach to solar farm creation is supported through its vertical divisions which offer complete turnkey services for the design, construction and installation of utility and commercial photovoltaic systems, as well as a full array of development, engineering, procurement, construction, operation and maintenance services to companies interested in clean renewable energy. Headquartered in Chapel Hill with an expansive O&M facility nearby. For more information please visit www.StrataSolar.com.
