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SunEdison may change business model of solar farm development

Debt-laden solar developer SunEdison will shift from total equity ownership model of solar farm development in India and take minority equity partners for over 750 MW of solar and wind projects it will develop over the next two years at a cost of Rs 4,950 crore ($750 million) in the country. 

These are for projects for which SunEdison has not begun construction yet. As most power purchase agreements allow equity partnerships up to 49%, the company hopes to push ahead with its India plans through this route despite pressing liquidity issues back home for the Missouri,USbased developer. SunEdison's liquidity issues came to light with its US-listed subsidiary Terraform Global taking it to court over its Indian assets, sparking speculation that SunEdison is looking sell its projects in India. 

 

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