Shoals Technologies Group Awarded 53.4 MWdc Honduras Solar Project
August 11 2022 - 8:30AM
Shoals Technologies Group, Inc. (“Shoals”) (Nasdaq: SHLS), a
leading provider of electrical balance of systems (“EBOS”)
solutions for solar, storage, and electric vehicle (EV) charging
infrastructure, today announced it has entered into an agreement
with Consultoria e Inversiones Hondureñas en Energia S.A.
(“CIHESA”) to supply its BLA system solution for the 53.4 MWdc San
José solar project, located in Olanchito, Honduras.
“We’re proud to partner with CIHESA to supply
our BLA system for the San José solar project in Honduras,” said
Ben Macias, Senior Vice President of Sales and Marketing at Shoals.
“As we expand our footprint internationally, our partners abroad
are realizing the benefits of our BLA system that significantly
reduces field work while improving quality, reliability, and
safety.”
“We chose the BLA system due to its above-ground
aerial architecture, which substantially reduces soil disturbance
and the need for trenching,” said Erik Rodriguez, General Manager
for CIHESA. “Additionally, the factory-assembled BLA system will
help us eliminate redundant string wiring, reduce failure points,
and will enable us to significantly reduce the amount of time spent
on-site with its plug and play design.”
The project is expected to begin power
generation by the end of fourth quarter 2023.
About Shoals Technologies Group,
Inc.
Shoals Technologies Group, Inc. is a leading
provider of electrical balance of systems (EBOS) solutions for
solar, storage, and electric vehicle charging infrastructure. Since
its founding in 1996, the Company has introduced innovative
technologies and systems solutions that allow its customers to
substantially increase installation efficiency and safety while
improving system performance and reliability. Shoals Technologies
Group, Inc. is a recognized leader in the renewable energy industry
whose solutions are deployed on over 20 GW of solar systems
globally. For additional information, please visit:
https://www.shoals.com/.
Forward Looking Statements
This press release contains forward looking
statements, including statements regarding the initial public
offering. These statements are not historical facts but rather are
based on the Company’s current expectations and projections
regarding its business, operations and other factors relating
thereto. Words such as “may,” “will,” “could,” “would,” “should,”
“anticipate,” “predict,” “potential,” “continue,” “expects,”
“intends,” “plans,” “projects,” “believes,” “estimates” and similar
expressions are used to identify these forward-looking statements.
These statements are only predictions and as such are not
guarantees of future performance and involve risks, uncertainties
and assumptions that are difficult to predict. Actual results may
differ materially from those in the forward-looking statements as a
result of a number of factors, including those in the Company’s
registration statement filed with the Securities and Exchange
Commission.
Contacts:
Investors:Email: investors@shoals.com Phone:
615-323-9836
Media:Email: media@shoals.com
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