SunEdison strikes Chinese solar pact


SunEdison (SUNE -1%) is partnering with Chinese solar wafer vendor Huantai Group to build local solar projects.

The companies expect to build up to 1.7GW of Chinese projects over the next 5 years. Also, SunEdison will provide Huantai with polysilicon (from a Korean plant) for use in its wafers, which in turn will support "both companies' subsequent project needs."

SunEdison had a 3.6GW solar project pipeline at the end of Q1, and a 1GW backlog. The company is five days removed from filing an S-1 for its TerraForm Power (TERP) solar project spinoff.

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Comments (1)
  • jblackwolf
    , contributor
    Comments (7) | Send Message
     
    Good to see this news, BUT why the continued sell-off of SUNE, CSIQ, SPWR etc??
    All are down today with NO bad news
    3 Jun 2014, 11:56 AM Reply Like
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