SunEdison, EDF-Backed ACME Lead India Solar Bid Winners
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BlackRock Inc.-backed SunEdison Inc. and a renewable developer partially owned by Electricite de France SA’s clean-energy unit were among the biggest winners in India’s first national auction of solar permits since 2012.
SunEdison and World Bank-backed Azure Power India Pvt. won 100 megawatts of photovoltaic capacity each, according to bidding results. ACME Solar Energy Ltd., 25 percent-owned by EDF Energies Nouvelles, took at least 80 megawatts. A total of 750 megawatts was up for grabs.