Solar developer Strata Solar is expanding its focus toward a smaller sized range of projects. The company announced a desire to add to its current 800 MW portfolio of solar plants by also purchasing strategic assets in the commercial and industrial (C&I) and community solar space.
This move complements its prior expansion from focusing on utility-scale projects into Strata Solar Commercial – which has built 60 MW in the last two years.
The company’s Chief Revenue Officer, Henry Dziuba posits – in a quote that hits all the challenges of a corporate sale,
Strata is giving businesses and industrial customers direct access to cheaper, clean energy while allowing them to hedge against unpredictable energy costs. With over a decade of experience and over 1.3 GW in operating solar assets, Strata offers corporate clients the security and bankability they are looking for in a long-term investment partner.
Strata – due to this vertical integration of finance and construction – will now be able to offer power purchase agreements (PPA) to these corporate customers that don’t wish to own these projects or expend credit and/or cash. Because Strata will be the builder, financier and owner of these projects, they’ll wield a strong competitive advantage during sales solicitations.
With this expansion the company has filled out its vision of offering an, “integrated approach, which includes development, financing, engineering, procurement, construction, operations, and maintenance”.
In 2017, GTM Research’s “non-residential” space, which includes C&I solar, was the only sector to show year-over-year growth installed.