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SunEdison bankruptcy hits India's green market

US company's search for equity partnerships for its capacity means 4 GW of clean-energy projects up for sale

Published Thu, Apr 28, 2016 · 09:50 PM

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    New Delhi

    SUNEDISON Inc's bankruptcy filing is reverberating halfway around the world in India, where developers say the US company's troubles are adding to a surplus of green capacity up for sale.

    SunEdison has said it is searching for equity partnerships for its 2.4 gigawatts (GW) of capacity in India following its petition to a New York federal court. That means about 4 GW of clean-energy projects are up for sale - more than 10 percent of the nation's existing solar and wind capacity, according to industry executives.

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