SunEdison Expands Panel Production Agreement With FlextronicsChristopher Martin
SunEdison Inc., the Missouri-based renewable energy developer, expanded a solar panel production agreement with electronics manufacturer Flextronics International Ltd., adding a facility in Mexico.
Flextronics will make panels for SunEdison at its facility in Ciudad Juarez, near the U.S. border with Texas. The San Jose, California-based company didn’t disclose terms of the agreement in a statement Wednesday.
SunEdison has used Flextronics facilities for four years to manufacture panels at plants in Ontario and Malaysia. SunEdison’s shares have climbed 30 percent this year as it expanded into building wind farms and sold power plants to a newly formed affiliate, TerraForm Power Inc.
“Partnering with Flextronics enables us to economically scale manufacturing,” Tony Etnyre, vice president of solar module operations at SunEdison, said in the statement.