US manufacturer buys Australia’s SunEdison business

By Harry Allan

The Australian division of SunEdison has been sold to US-based Flextronics – a company that manufactures solar modules and battery storage equipment.

Flextronics will pay $US8.7 million ($A11.6 million) for the assets, which include the Australian business as well as residential solar businesses in the US and other countries.

SunEdison's businesses have been for sale since its parent company filed for chapter 11 bankruptcy protection in April after failing to manage a period of very rapid expansion.

There are rumors that the renewable energy providers business will return to the Energy Matter brand; it currently employs 70 people in Australia and ranks in the top 10 installers of rooftop solar in the country. The purchase continues a recent trend where major internationals buy outright, or significant stakes in, Australian solar installer and solar wholesalers.

The world’s biggest poly-silicon company, GCL Poly, recently bought a WA business 1Stop Warehouse, while Chinese company SPI bough Solar Warehouse for $25 million.  

Business Review Australia & Asia's August issue is live. 

Follow @BizReviewAU and @MrNLon on Twitter. 

Business Review Australia is also on Facebook. 


Featured Articles

Exec interview: Brook Sims, COO, MAC Diversity Recruiters

Passionate about helping others find their voice, diversity leader and COO Brook Sims talks powerful leadership, diverse teams and being a change agent

Best new books that will make you a better leader

From inspiring CEO memoirs to strategic guides, these new books dish up plenty of principles, strategies, and anecdotes to help you become a better boss

5 Mins With: Jeff Li, founder and CEO of Shoplazza

Named in Fortune China’s 40 under 40 for 2022, former Baidu head Jeff Li is the entrepreneurial founder and CEO of ecommerce platform Shoplazza

Workplace special – the changing nature of the office

Leadership & Strategy

Meet Shanique Bonelli-Moore, DEI leader at Clorox


Forterro CEO Dean Forbes – inspirational leadership

Leadership & Strategy