The buyout, which is the biggest in the clean energy sector in the country, will significantly consolidate its local presence and further highlight the global interest in the Indian renewable energy sector.
SunEdison will take over 242 MW of operating wind assets that Continuum owns and operates in Maharashtra and Gujarat, and 170 MW of assets under construction.
¨India is a core market for SunEdison and offers tremendous growth opportunities in wind and solar energy. We have made a commitment to PM Modi that we will deliver 15.2 GW of renewable energy by 2022,¨ Pashupathy Gopalan, President, SunEdison- Asia Pacific said.
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