The Business Times
The Business Times
Subscribe
Share on FacebookShare on TwitterView more
The Business Times
Create a free account with Business Times for seamless access across SPH Media products.
REGISTER
LOGIN

Companies & Markets

SUBSCRIBERS

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
Share this article.

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.

"There are 2 GW-odd of wind assets comprising medium and small portfolios," Rahul Shah, chief executive at Tata Power R…

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Energy & Commodities

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here