MEMC Electronics (WFR) Partnering With Flextronics (FLEX) On Solar Panel Production In Ontario

MEMC Electronic Materials (WFR) announced it will partner with Flextronics (FLEX) to produce solar panels at a Flextronics facility in Ontario beginning in a few months.  The panels will be used my MEMC subsidiary SunEdison for projects in Ontario and the arrangement allows the company to capitalize on Ontario’s feed in tariff program which requires 60% of the materials to be produced locally.  The production is expected to create around 100 jobs.

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"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."

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