First Solar recently held its inaugural annual Supplier Recognition Day, which was said to have been attended by approximately 60 companies that were considered critical suppliers to the company. At the event, encapsulant supplier, STR Holdings, was recognised as one of three suppliers, with the NOVA award, designed to recognise premier suppliers that significantly support its mission.
According to STR, First Solar stated that its collaboration had “significantly contributed to the company's cost-per-watt roadmap, quality performance and supply risk reduction efforts.”
“Our suppliers play an essential role in achieving our mission to create enduring value by enabling a world powered by clean, affordable solar electricity,” noted Doug Duval, vice president of Global Supply Chain for First Solar. “STR encapsulants have a track record of highest in-field performance. Being STR Protected means we can rely on the value they provide through the highest standards of quality and performance.”
Robert Yorgensen, president and chief executive officer of STR added, “Our relationship with First Solar is a case study in the value that can be created with tight customer-vendor collaboration. We appreciate their recognition of our contribution to their success and look forward to working closely together in the years ahead.”
The other two suppliers have yet to make public their awards from First Solar.