SunEdison to Develop 5 Gigawatt of Wind, Solar Projects in India

BlackRock Inc.-backed SunEdison Inc. will develop wind and solar energy projects in the south Indian state of Karnataka.

Maryland Heights, Missouri-based SunEdison today signed a memorandum of understanding with the Karnataka government to develop 5 gigawatts of wind and solar-photovoltaic projects in five years, it said in an emailed statement. Of the total, 1.5 gigawatts of renewable projects will be developed by December

2016.

The wind projects will be SunEdison’s first in India. The company’s foray into the Indian wind market follows the November 2014 purchase of First Wind Holdings Inc. for $2.4 billion.