As per the agreed terms, Fox Energy will manufacture Silvantis solar modules with a total capacity of about 350MW for SunEdison.
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).
Silvantis solar modules are designed to reduce LCOE for solar installations, while the recently launched Silvantis F330 is a high-efficiency module that significantly reduces balance-of-system (BOS) costs versus multi-crystalline with advanced technology.
Commenting on the deal, SunEdison Solar Module Business Unit general manager Gokul Krishnan said Fox Energy’s global footprint enables SunEdison to manufacture modules near its high growth end-markets which helps the company to meet the local content requirements at low costs.
Fox Energy president Jeffrey Lu 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.
