Strata Solar Signs Long Term Agreement with LONGi Solar Technology for Bifacial PV Modules
Durham, NC: January 11, 2021 – Strata Solar, LLC (“Strata”) announces that it has executed a Long Term Agreement (“LTA”) with LONGi Solar Technology (U.S.) Inc. (“LONGi”), one of the largest PV module manufacturers and the only module manufacturer in the world with an AAA bankability rating.
Under the agreement, Strata has locked in over 500 MWs of bifacial monocrystalline modules 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.
Markus Wilhelm, Chief Executive Officer of Strata Solar, commented, “We are very pleased to embark on this strategic partnership with a market leader, LONGi, who is the only module manufacturer with a vertically integrated supply chain and is well poised to mitigate the downstream risks associated with legislation and supply chain constraints contributing to the continued volatility in the PV module market. This long-term partnership 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.”
“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.”
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.