PV manufacturer ReneSola has penned an agreement with the US-based EPC firm Strata Solar to provide PV modules for five solar farms with a combined capacity of 6.5MW in North Carolina.
All five solar farms will be constructed by Strata Solar while ReneSola will supply more than 108,000 of its 300W Virtus II 72 cell polycrystalline solar modules for this project.
Markus Wilhelm, Strata Solar’s chief executive officer said: “ReneSola has a firm grip on its material supply chain and excellent visibility into the availability of silicon for its wafers, cells and other key module components. We selected ReneSola for its competitive price per watt, high-efficiency solar modules and reliable delivery schedules. Moreover, we prefer ReneSola's ability to increase module efficiencies and improve temperature coefficients through its proprietary wafer technology, as opposed to the less economical route of trying to achieve such milestones on the cell side.”
Xianshou Li, ReneSolar’s chief executive said: “We recognise Strata Solar has many choices when selecting module suppliers. Being able to meet the expectations and strict due diligence requirements of firms such as Strata Solar demonstrates the quality and performance of our products, as well as our leadership in the marketplace. We're thrilled to provide Strata Solar with our high-quality modules for this multiple array utility scale project. This project shows the confidence investors and banks have in the ability of both our firms to deliver cost-effective solutions with tremendous staying power.”
Under this agreement, ReneSola will act as the main module supplier for the entire project. The company said each solar farm will be equipped with 21,677 modules.
ReneSola is planning to ship its solar modules to Strata Solar project sites during the second quarter in 2013.