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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
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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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