ThomasNet News Logo
Sign Up | Log In | ThomasNet Home | Promote Your Business

SunEdison and Huantai Expand Partnership to Serve Rapidly Growing Chinese Market

Print | 
Email |  Comment   Share  

SunEdison
12500 Baltimore Avenue
Beltsville, MD, 20705
USA



Press release date: June 3, 2014

BELMONT, Calif. – SunEdison, Inc. (NYSE: SUNE), a leading solar developer and technology provider, today announced it has entered into a comprehensive agreement with Huantai Group, a Chinese solar PV (photovoltaic) company specializing in manufacturing high quality solar wafers, to develop solar projects and supply key materials, technologies and services for the Chinese market.

Together, both companies expect to build up to 1.7 GW (gigawatts) of solar projects in China over the next five years. SunEdison will supply Huantai with polysilicon from its new FBR polysilicon plant in Korea, supporting both companies' subsequent project needs.

"This expanded partnership is a great step forward for SunEdison as we continue our growth in the Chinese market," said Ahmad Chatila, President and CEO of SunEdison. "China has become one of the world's largest and most important solar markets and this agreement with the highly respected Huantai Group positions both companies for rapid and profitable growth."

"SunEdison is a long-term partner for our company, and we are honored to work with them to expand the positive impact of solar energy across China," said Chairman Wang Lu Bao of the Huantai Group. "This partnership is mutually beneficial for all involved, and we look forward to completing our near-term projects, and launching our long-term efforts together."

Under the terms of the partnership, SunEdison will produce polysilicon for Huantai Group to manufacture high-quality solar wafers. Both SunEdison and Huantai will utilize the solar wafers as they work together to build up to 1.7 GW of solar projects in China over the next five years.

"This long-term partnership to supply polysilicon and other solar services is a testament to our continued commitment to quality and our ability to develop mutually beneficial strategic partnerships," said David Ranhoff, President of Solar Materials at SunEdison. "Our strength in delivering value across the solar supply chain is once again allowing us to grow in a key international market."

Once operational the solar systems will be managed by the SunEdison Renewable Operation Center (ROC), which provides global 24/7 asset management, monitoring and reporting services. Data collected from the ROC is used to continuously improve SunEdison's products, project designs and service offerings.

About Huantai Group
Huantai Group, founded in 1988, is a Chinese-based organization engaged in the solar PV, LED sapphire, optoelectronic materials and related businesses. Spanning an area of 2 million square meters, Huantai Group's manufacturing core is built upon 20 years of development and business expertise. As a pioneer in the Chinese silicon wafer industry, Huantai's strategy is to develop close working cooperation with key strategic partners around the world to actively grow the global PV industry. To learn more visit www.ht-stech.com.

About SunEdison
SunEdison is a global leader in transforming how energy is generated, distributed and owned. SunEdison manufactures solar technology and develops, finances, installs and operates distributed solar power plants, delivering predictably priced electricity and services to its residential, commercial, government and utility customers. SunEdison also provides 24/7 asset management, monitoring and reporting services for hundreds of solar systems worldwide via the company's Renewable Operation Center (ROC). SunEdison has offices in North America, Europe, Latin America, Africa, India and Asia. SunEdison's common stock is listed on the New York Stock Exchange under the symbol "SUNE." To learn more visit www.sunedison.com.( http://www.sunedison.com )

SOURCE SunEdison, Inc.
 
Print | 
Email |  Comment   Share  
Contacts: View detailed contact information.


 

Post a comment about this story

Name:
E-mail:
(your e-mail address will not be posted)
Comment title:
Comment:
To submit comment, enter the security code shown below and press 'Post Comment'.
 



 See related product stories
More .....
 Visit Green and Clean Blog
  Latest from the Green and Clean Blog
 See more product news in:
Electrical Equipment and Systems
Electronic Components and Devices
Green & Clean
 More New Product News from this company:
Solar Modules offer up to 17.4% efficiency.
More ....
| Featured Manufacturing Jobs
 Other News from this company:
SunEdison Set to Transform Lives of Nearly 5,000 Indian Villagers
SunEdison and Petrobras Sign an Agreement to Build One of the Largest Solar PV Plants in Brazil
SunEdison Receives Final Milestone Payment for Rovigo Solar Power Plant
Arizona Public Service, SunEdison Announce Construction of 10-Megawatt Solar Power Plant in Prescott, Ariz.
More ....
 Tools for you
Watch Company 
View Company Profile
Company web site
More news from this company
E-mail this story to a friend
Save Story
Search for suppliers of
Solar Energy Power Supplies
Photovoltaic Components
Solar Energy Equipment
Join the forum discussion at:
Tools of the Trade
Wired In


Home  |  My ThomasNet News®  |  Industry Market Trends®  |  Submit Release  |  Advertise  |  Contact News  |  About Us
Brought to you by Thomasnet.com        Browse ThomasNet Directory

Copyright © 2014 Thomas Publishing Company. All Rights Reserved.
Terms of Use - Privacy Policy



Error close

Please enter a valid email address