More details have emerged about the five-year global module supply deal signed between LCPV module maker Solaria and enXco, which also included a small equity investment by the EDF Energies Nouvelles unit in the solar firm.
Solaria CEO Dan Shugar told PV-Tech that his company “will be shipping several megawatts over the next two quarters to specific projects in North America and Europe,” adding that “specific projects announcements will be forthcoming.”
“The total scope of the agreement could result in multiple hundreds of megawatts over the next five years,” continued Shugar. “Standard factors related to project development and market conditions will determine when these shipments come to fruition.”
The agreement, which was described as a combination of a firm order and significant options, will enable enXco to execute on its growing portfolio of utility-scale solar PV projects in the United States and Canada, the companies said.
The financial terms of the deal have not been disclosed.
Solaria’s proprietary low-concentration monocrystalline-silicon PV modules, designed specifically for ground-mounted tracking systems, have been certified to UL1703 and IEC61215 standards.