1 GW milestone reached in less than 3 years
BELMONT, Calif., March 27, 2014 -- SunEdison (NYSE: SUNE), a leading solar technology manufacturer and provider of solar energy services announced today that they have shipped over 1 GW (gigawatt) of Silvantis™ Solar PV modules, making them one of the top 5 solar module manufacturers in the world. Growth was driven by strong demand for high performance solar modules from SunEdison's utility and commercial business groups and external customers.
"This is an exciting time for SunEdison because we have created a business model that leverages our innovations in silicon and module technology while minimizing capital requirements," Gokul Krishnan, Module Business Unit General Manager, Solar Modules, SunEdison, said. "With our advanced silicon and crystal technology we were able to design highly efficient and reliable solar modules. To limit capital outlay we partnered with experienced contract manufacturers who assemble our modules to specification, under rigorous quality control. Hitting the 1 GW milestone in less than 3 years is a tremendous achievement."
Production of solar modules is a key element in the vertical integration of SunEdison's energy business. SunEdison produces the silicon, specifies the technology and production of solar modules, develops business across all key global market segments, and provides ongoing monitoring of completed solar power plants.
"The dedication and excellence of our team, our advanced technology, and the tremendous support of our partners has enabled us to achieve our production goals faster than planned" said Dave Ranhoff, president, Solar Materials, SunEdison. "Our focus on delivering the most advanced, lowest cost solar modules, in the most capex efficient way, is unwavering."
SunEdison is a global leader in semiconductor and solar technology. SunEdison's semiconductor business has been a pioneer in the design and development of silicon wafer technologies for over 50 years. With R&D and manufacturing facilities in the U.S., Europe and Asia, SunEdison enables the next generation of high performance semiconductor devices. SunEdison's solar business develops, finances, installs and operates distributed power plants, delivering predictably priced solar energy and services for its commercial, government and utility customers. SunEdison's common stock is listed on the New York Stock Exchange under the symbol "SUNE." To learn more visit www.sunedison.com.