LONGi Solar Technology announced that it has executed a Long Term Agreement with Strata Solar, LLC (Strata).
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 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.