SunEdison signs Korean cell purchase deal

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U.S. solar developer and wafer manufacturer SunEdison has signed a cell supply deal with Korean producer Shinsung Solar Energy.

Under the terms of the deal, announced yesterday by California-based SunEdison, the U.S. company will supply wafers to Shinsung and the Korean company will use them to manufacture high efficiency cells to be sold back to SunEdison.

The three-year arrangement will see SunEdison buy 600 MW of cells.

Announcing the deal, David Ranhoff, SunEdison’s president of solar materials, said the agreement would ensure the U.S. company is ‘complying with regional sourcing requirements.’