Modi Advances Solar Plan for India With $4 Billion Plant
This article is for subscribers only.
SunEdison Inc. will invest $4 billion to build the biggest solar panel factory in India, advancing Prime Minister Narendra Modi’s effort to rein in pollution by expanding renewable energy.
The manufacturer based in Maryland Heights, Missouri, will form a venture with the Indian power provider Adani Enterprises Ltd. to build the photovoltaic plant, with as much as 7.5 gigawatts of annual production capacity. Construction is expected to begin this year, the company said in a statement today.