State-owned Solar Energy Corp. of India (SECI) notified that the government received fees needed for a 500-megawatt solar park, won by bankrupt renewable-energy developer SunEdison Inc., to go ahead.
Solar-park charges of Rs.200 crores along with signed implementation agreements have been received. SunEdison Energy India Pvt., a subsidiary of Maryland Heights, Missouri-based SunEdison, bid a record low in November 2015 for the right to develop the Andhra Pradesh solar farm.
Greenko Energies Pvt. agreed with SunEdison’s creditors on 30 September to acquire 390 megawatts (MW) of Indian solar and wind assets valued at $392 million, according to a regulatory filing.
SunEdison had 550MW of projects under construction in India during the second quarter as part of a 1.7-gigawatt project pipeline.
By Baishakhi Dutta
