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

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. 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 […]

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Solar Power Tariffs expected to drop to as low as INR 3.50 a unit in 3 years

Solar power tariffs in India, which fell below Rs. 5 per unit since last November, are once again expected to sink further as the industry doubles volumes every year and the cost of producing power continues to drop. A report published in the Mint mentions that that tariffs will fall to as low as 3.5 […]

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Amplus Solar acquires portfolio of commercial and industrial rooftop projects of SunEdison India

Amplus Energy has acquired Sun Edison’s Indian Commercial and Industrial Rooftop Portfolio. Spread across India, the facilities provide on-site renewable power to leading Indian and global corporate customers. Sanjeev Aggarwal, Managing Director and CEO of Amplus said, “Amplus Solar is excited to acquire this high-quality portfolio. We have grown rapidly since an equity investment by […]

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Ecotricity announces that it has acquired SunEdison UK solar business

Ecotricity has announced that it has acquired home rooftop solar business of SunEdison. Before exiting UK, SunEdison had built a portfolio of nearly a thousand rooftop solar installations, a product known as the Energy Saver Plan. Dale Vince, Ecotricity founder, in a statement said: “This is an exciting and important step for Ecotricity. As a […]

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SunEdison files voluntary petitions for reorganization under chapter 11 of the U.S Bankruptcy Code

SunEdison has announced that it has commenced a process to restructure its balance sheet and position the Company for the future. To facilitate this restructuring, SunEdison and certain of its domestic and international subsidiaries have filed voluntary petitions for reorganization under chapter 11 of the U.S. Bankruptcy Code in the Bankruptcy Court for the Southern District of New […]

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Firms not doing well will not impact India’s solar programmes: Piyush Goyal

Renewable Energy Minister Piyush Goyal at an event organized by industry body CII said that some firms not doing well will not impact the programme’s success reports PTI. When asked about the debt problems faced by SunEdison, Goyal said “there are always certain cases of firms failing all over the world in every industry. There […]

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Indian Banks edgy, as Solar Companies fails to deliver

What could make Prime Minister Narendra Modi’s plans of capitalizing $100 billion of solar power from foreign investments edgy? Indeed, an In-Flow and Out-Flow leeway of Investment and Finance. The global renowned US Company, SunEdison standstill on at least $1.4 billion of loans and credit facilities, is seeking to sell as much as 1 gigawatt(GW) […]

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SunEdison finds difficult to get buyers for its projects in India

US-based renewable energy company SunEdison is finding it difficult to attract buyers for its projects in India. The company failed to sell its 1,480 megawatt (Mw) Indian portfolio to Macquarie Capital, which may affect the valuation of the projects that is estimated by the market at Rs 7,600 crore. According to Business Standard Adani Power […]

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SunEdison expands Solar Capacity in India aims at 10GW solar energy by 2022

After Sun Edison’s recent announcements to support the Make in India, the US-based renewable energy developer has announced an expansion of its installed capacity base in India. Earlier this month, the company disseminated that it has commissioned 146 MW of solar power capacity across three states in India. The company did not cite if these […]

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