SunEdison Inc is in talks to sell minority stakes in its Indian solar energy projects to Finland’s Fortum, two sources said, as the US firm seeks funds to finish proposed plants in India amid concerns about its finances at home.
US-based renewable energy company SunEdison, battling to pare its $11-billion debt, is not finding buyers for its projects in India. A deal to sell its 1,480 megawatt (Mw) Indian portfolio to Macquarie Capital has fallen through. This is likely to hit
The private sector may be giving up on greenfield thermal power projects and looking to solar energy instead. Installation and generation costs have risen for thermal plants following an increased coal cess and stricter pollution norms, experts said, adding that
Trouble may be brewing in Rajasthan, the state with the largest installed solar power capacity in the country, over the pace of providing grid connectivity for new plants. Solar developers are irked over what they allege is the reluctance of