SunEdison in 660MW Korea cell deal

SunEdison's 19MW array at Kuala Lumpur International Airport

SunEdison's 19MW array at Kuala Lumpur International Airport

SunEdison has agreed to buy 660MW of PV cells from Seoul-based Shinsung Solar Energy over the next three years.

Shinsung will produce the cells with SunEdison wafers.

SunEdison, which outsources production of cells and modules to a number of Chinese and Taiwanese suppliers, did not disclose the terms of the deal.

The agreement comes several weeks after a SunEdison official expressed concern that the US could impose higher duties on imports of Chinese and Taiwanese cells.

In February, SunEdison reported a $286.4m net loss in the fourth quarter.

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