News Wire

MEMC, Flextronics in Ontario Solar Project

TORONTO and SINGAPORE — SunEdison, a subsidiary of MEMC Electronic Materials, Inc. (NYSE: WFR), announced today that its affiliate, MEMC Singapore, is partnering with Flextronics (NASDAQ: FLEX), a multi-billion dollar electronics manufacturing services (EMS) provider, to produce solar photovoltaic (PV) panels at Flextronics’ facility in Newmarket, Ontario. Located in York Region, production of the solar panels is expected to result in more than 100 new jobs for the province.

Scheduled to begin production during the second quarter of 2011, Flextronics will produce MEMC branded solar panels that will be used by SunEdison for its solar PV projects. This will enable SunEdison and its project partners to exceed the 60 percent domestic content requirement of Ontario’s Feed-in Tariff Program (FIT) while supporting SunEdison’s anticipated growth in the region.

“This initiative not only satisfies the domestic content requirement for SunEdison, but also signals a significant long-term investment in the Ontario solar market,” said Carlos Domenech, President of SunEdison. “We see tremendous opportunity in supplying high-quality panels to accommodate the large volume of projects in the area.”

“Flextronics has some of the most advanced clean tech manufacturing capabilities in the industry, enabling the competitiveness of our customers both globally and also in local markets such as Ontario,” said E.C. Sykes, president of Flextronics Industrial. “We are pleased to strengthen our relationship with MEMC. They are a trusted partner and together we look forward to bringing new jobs to the community.”

{complink 3346|MEMC Electronic Materials Inc.}

{complink 2085|Flextronics Corp.}

0 comments on “MEMC, Flextronics in Ontario Solar Project

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.