Solar Cell Exports
Shinsung Solar Energy (www.shinsung.co.kr) signed a contract to supply additional solar cells to U.S.-based SunEdison after it closed a deal in April 2014.
Beginning this year, Shinsung Solar Energy is to supply 1223MW of its high efficiency monocrystal solar cells for three years until 2017. It is enough solar cels to provide electricity for nearly 400,000 households via 3kW of photovoltaic generating facilities.
After Shinsung Solar Energy signed a 3-year contract with SunEdison to supply 660MW solar cells in April 2014, it has been stably providing the solar cells. Investing 14 billion won (US$12.4 million) last year, the company is currently building additional facilities to mass-produce high efficiency products. In January, SunEdison made a paid-in capital increase in a third-party allocation for investment of US$2 million (2.1 billion won) in Shinsung Solar Energy.
As one of the top three solar energy developers in the U.S., SunEdison is the leading solar energy company that manages everything related to solar energy, from the construction of plants to follow-up services.
An official from Shinsung Solar Energy said, “The solar energy market in the U.S. is growing explosively, and we are receiving continuous inquiries due to anti-dumping of China and Taiwan.”