SunEdison had 550MW of projects under construction in India during the second quarter as part of a 1.7-gigawatt project pipeline. Photo: PR News FotoNew Delhi: State-owned Solar Energy Corp. of India (SECI) said 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, SECI managing director Ashvini Kumar said in an interview. 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. SunEdison had 550MW of projects under construction in India during the second quarter as part of a 1.7-gigawatt project pipeline.

Source: Mint October 19, 2016 07:30 UTC