SunEdison Inc, a leading United States-based solar developer, has signed its second joint-venture project in China, which one leading analyst expects to mark a significant expansion by the company into the world's largest downstream solar market.

Michael Barker, a senior analyst with NPD Solarbuzz, an online solar market research and analysis firm, said the deal between SunEdison and JIC Capital, a Chinese asset management firm, will specifically focus on building solar power projects in China.

"This is the world's largest single-country market for solar photovoltaic power, so it's an important market for companies that are working to be exposed to multiple geographies."