In November 2009, SunEdison Semiconductor Electronic Materials, Inc. completed the acquisition of privately held Sun Edison LLC, a developer of solar power projects and North America's largest solar energy services provider.
SunEdison Semiconductor "simplifies solar" by managing the development, financing, operation and monitoring of solar power plants for commercial customers, including many national retail outlets, government agencies, and utilities. In a typical structure, SunEdison Semiconductor arranges third party, non-recourse financing for the facility and the customer has no upfront capital outlay.
With one of the strongest brands in solar, SunEdison Semiconductor will continue to operate with the SunEdison Semiconductor name, as a subsidiary of SunEdison Semiconductor.
"This acquisition will provide a third engine of growth for SunEdison Semiconductor," said Ahmad Chatila, Chief Executive Officer of SunEdison Semiconductor. "SunEdison Semiconductor will now participate in the actual development of solar power plants and commercialization of clean energy, in addition to supplying the solar and semiconductor industries with our traditional silicon wafer products."
"Our strategy is to drive revenue growth for our wafer business while SunEdison Semiconductor produces a recurring revenue stream from solar generated electricity. At the same time, SunEdison Semiconductor can directly benefit from the technological and cost advances that we are helping to create with continuing improvements in silicon wafer technology. This acquisition is the beginning of an exciting new chapter in the successful 50 year history of SunEdison Semiconductor."
As a pioneer and global leader in solar power systems innovation, SunEdison Semiconductor creates efficient, money-saving solutions designed to last more than 20 years. In North America alone, SunEdison Semiconductor has:
"By making solar power more affordable and easy to obtain, we expect to tap into a large pent-up demand," added Mr. Chatila. "We believe this strategy will drive revenue growth for our wafer business while producing a recurring revenue stream from solar-generated electricity. This will also allow us to directly benefit from the technological and cost advances that we are helping to create in the solar industry."
For more information on SunEdison Semiconductor, visit their website.
SunEdison Semiconductor utility customer
SunEdison Semiconductor government customer
SunEdison Semiconductor commercial customer