MEMC (WFR +2.2%) outperforms after announcing its SunEdison unit has struck a deal with...

|By:, SA News Editor

MEMC (WFR +2.2%) outperforms after announcing its SunEdison unit has struck a deal with Brazilian energy giant Petrobras (PBR) to build a plant with 1.1MW of installed capacity. Construction will start at the end of this year, and SunEdison's Renewable Operations Center will manage the plant following completion. The deal isn't especially large, but could pave the way for larger contracts with Petrobras down the line. (PR)