First Solar seals 400MW PV module deal with Strata Solar

First Solar has reached agreement with North Carolina-based developer Strata Solar for supply of an incremental 400MW (dc) of its thin film PV modules, with delivery expected from 2017 into 2018.

The delivery schedule is after the 30% federal solar investment tax credit is due to step-down to 10% at the end of 2016.

"This deal shows confidence in the continued strength of the utility-scale solar market in the US," says Georges Antoun, president of First Solar's business in the US.

He adds that it also demonstrates the sustainability of utility-scale project development. "We see ongoing opportunity for continued growth over the next several years," says Antoun.

Based in Chapel Hill, North Carolina, Strata has played a leading role in helping develop the state’s solar generation build-out and industry supply chain. North Carolina is now the number four solar state behind California, Arizona and New Jersey.

It has been expanding to other US locations for growth opportunities, partly in anticipation of a possible slowdown in its home state where the 35% renewable energy investment tax credit will sunset at the end of this year.

Strata expects to install the newly-contracted First Solar modules in a series of solar projects in the southern and eastern US.

"We are pleased to be extending our relationship with First Solar," says Strata chief executive Markus Willem. "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."

The latest deal boosts Strata’s purchase commitment with First Solar to more than 1GW (dc).