Strata tops 1GW of business with First Solar --- Projects in development demonstrate confidence in US utility-scale market
TEMPE, Ariz.--First Solar, Inc. (Nasdaq: FSLR) has signed an agreement with Strata Solar for the procurement of an incremental 400 megawatts (MW)DC of First Solar's advanced thin film photovoltaic modules, with delivery expected from 2017 into 2018.
With this agreement, Strata - one of the top utility-scale solar project developers and builders in the United States - will have purchased more than 1,000 MWDC from First Solar in a long-standing relationship between the two major players in the solar industry.
"We are pleased to be extending our relationship with First Solar," said Markus Willem, CEO of Strata Solar. "Strata has a relentless focus on quality, efficiency, and flawless execution, so it's critical for us to have world-class technology partners like First Solar."
"This deal shows confidence in the continued strength of the utility-scale solar market in the U.S.," said Georges Antoun, First Solar's President, U.S. "We are excited by Strata's ongoing commitment to First Solar as a source of high-performance technology that provides a competitive edge in their project portfolio."
Antoun said the agreement demonstrates the sustainability of utility-scale project development. "We see ongoing opportunity for continued growth over the next several years," he said.
Antoun noted that First Solar has now sold more than 1.8GW of modules in the U.S. Southeast, with modules either sold to outside developers, EPC contractors, or used in First Solar's own projects.
Strata expects to install the modules in a series of solar projects in the southern and eastern U.S.
About First Solar, Inc.
First Solar is a leading global provider of comprehensive photovoltaic (PV) solar systems which use its advanced module and system technology. The company's integrated power plant solutions deliver an economically attractive alternative to fossil-fuel electricity generation today. From raw material sourcing through end-of-life module recycling, First Solar's renewable energy systems protect and enhance the environment.