Greentech Lead America: Fox Energy, the photovoltaic solar business subsidiary of Foxconn Technology, will manufacture up to 350 megawatts (MW) of solar modules for SunEdison.
The photovoltaic module manufacturing agreement was signed between SunEdison affiliate, MEMC Singapore, and Fox Energy.
The agreement is part of SunEdison’s virtual vertically integrated business strategy to bring high quality solar modules to market while continuing to reduce levelized cost of energy (LCOE), the company said.
Gokul Krishnan , general manager of SunEdison’s solar module business unit, said, “Fox Energy’s global footprint allows SunEdison to manufacture modules near our high growth end-markets which helps us keep costs down while meeting local content requirements.”
As of December 31, 2012, SunEdison had interconnected over 989 MW of solar energy and had a pipeline of 2.6 GW. This relationship with Fox Energy will assist SunEdison in its global expansion.
Jeffrey Lu, president of Fox Energy, said, “Our automated PV module manufacturing process and stringent quality controls will help SunEdison meet the high standards their customers have come to expect.”
The relationship between Fox Energy and SunEdison was facilitated in conjunction with the Borderplex Alliance, a bi-national economic alliance.