SunEdison in 1.7GW China pact
SunEdison has entered into a “comprehensive agreement” with Huantai Group that will result in the two companies jointly building up to 1.7GW of solar projects in China through mid-2018.
Under the terms of the partnership, Missouri-based SunEdison will produce polysilicon for Huantai to manufacture high-quality solar wafers. Both firms will utilize the solar wafers as they work through their project pipeline.
SunEdison will supply the polysilicon from its new plant in South Korea. Once operational, the solar systems will be managed by SunEdison.
Huantai is a Chinese solar PV company that specializes in manufacturing solar wafers, and also develop solar projects and supplies key materials, technologies and services for its home market.
"This expanded partnership is a great step forward for SunEdison as we continue our growth in the Chinese market," says SunEdison chief executive Ahmad Chatila.