Advertisment

Hyderabad based Greenko Group to purchase 1GW assets of SunEdison in India

Greenko Energy Holdings will be purchasing 100 MW of assets from SunEdison in India for Rs. 670 crores.

author-image
Saur News Bureau
Greenko Energy

Greenko Energy Holdings, a Hyderabad-based firm has agreed in principle to proceed with a purchase of roughly 1GW of solar assets owned by SunEdison in India.

Advertisment

Greenko Energy

The Hyderabad-based energy firm has more or less agreed the transaction after meeting with the SunEdison’s restructuring officer.

It is expected that the bankrupt US company will be selling the assets worth about 670 crores (USD 1 billion) to Greenko. This also includes projects in various stages of execution.

Advertisment

Singapore-based GIC and the Abu Dhabi Investment Authority, which are Greenko’s existing shareholders, are said to support the company in buying the assets.

Also, the SunEdison will be separately selling its patented technology for the production of polysilicon wafers and that sovereign wealth funds and Chinese parties are interested in it. The bidding deadline is 23rd October 2016.

Source: Seenews

Solar Power Solar Energy Solar Project solar system Solar Panels SunEdison Solar Greenko Energy Hyderabad
Advertisment