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08/20/2008 08:00 AM     print story email story  

SunEdison, Q-Cells Sign 800-MW Development Agreement

SustainableBusiness.com News

SunEdison, North America's largest solar energy services provider, has entered into a 5-year, 800 megawatts (MW) development agreement in North America with Q-Cells International USA Corporation, a subsidiary of German solar company Q-Cells AG (QCE.DE).

Under the development agreement, Q-Cells will dedicate solar modules to meet total capacity of up to 800 MW. In addition, the companies will jointly develop and operate PV solar power systems in North America.

Financial terms of the agreement were not disclosed.

"This development agreement uniquely positions SunEdison to bring solar to a meaningful scale for the industry and our customers," noted Carlos Domenech, Chief Operating Officer for SunEdison.

Q-Cells is the largest manufacturer of solar cells worldwide.

About SunEdison

Sun Edison LLC is North America's largest solar energy services provider and operates across a global marketplace. SunEdison says it provides solar-generated energy at or below current retail utility rates to a broad and diverse client base of commercial, municipal and utility customers.

Website: http://www.sunedison.com



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