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SunEdison Identifies Indian Firm for $2 Billion Solar Project

A US based renewable power company, SunEdison Inc. shares sheer intends to invest $2 billion in solar project across India

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Saur News Bureau
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SunEdison Identifies Indian Firm for $2 Billion Solar Project

SunEdison-Identifies-Indian-Firm-for-$2-Billion-Solar-Project

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In a major support to Indian Govt’s ‘Make in India’ initiative, US based renewables major SunEdison Inc is hoping to invest upto $2 billion (INR 13,200 Crore) in the following year in a polysilicon producing facility in India. It is utilizing feedstock material as a part for its most solar power applications.

The company is presently recognizing an Indian partner for the proposed investments, SunEdison CEO and President Ahmad R Chatila said.

He further stated that, “I am conversing with individuals, yet these things take longer than I might want. It took me two years to negotiate the deals with Samsung in Korea" and referring to a similar Joint Venture in South Korea finalised last year.

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The company is looking for few places for the proposed unit, denied sharing any further information regarding the setup.

MNRE Piyush Goyal Make in India India solar projects news SunEdison News Samsung Korean Ahmad R Chatila Polysilicon Technology Company
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