BYD and Strata Solar Sign 160MW Solar Panel and Battery Deal for 2014

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Strata Solar closes a deal with BYD to purchase 160MW of solar panels, representing more than a third of Strata’s scheduled construction work for 2014. In addition to the panel deal, BYD and Strata will work together to implement BYD’s battery technology in a series of Strata Solar’s utility farm projects.

 

Strata Solar, based in Chapel Hill, has closed a deal with BYD to purchase 160MW of solar panels, representing more than a third of Strata’s scheduled construction work for 2014. In addition to the panel deal, BYD and Strata will work together to implement BYD’s battery technology in a series of Strata Solar’s utility farm projects. 

“Strata Solar is one of America’s premier solar firms and we are thrilled to have BYD panels installed in such a large portion of their portfolio next year. America is a very important market for solar energy and energy storage solutions, and BYD’s … products are rapidly gaining US market share. BYD’s competitive advantage in battery technology gives us a strong strategic position, allowing us to offer a unique total energy solution,” said BYD chairman Chuanfu Wang.

Markus Wilhelm, Strata Solar’s CEO commented: “We have been very impressed with BYD’s focus on solar and storage technology. BYD’s renewable energy division is highly vertically integrated, which benefits from strong engineering competence, and research and production capabilities in panel manufacturing, racking, inverter technology, and comprehensive storage solutions. During our meetings with Chairman Wang and his staff we had the opportunity to confirm Strata’s alignment with BYD’s global vision and strategy for solar energy. Strata’s unique and rapidly growing utility scale solar business will provide BYD with a large and scalable platform for their current and new technology.”