Deals
SunEdison Seeking Equity Partners for Operations in India
- Executive says Indian business will continue on normal course
- SunEdison won projects in India with record-low bids
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SunEdison Inc., the renewable energy company that filed for bankruptcy protection on Thursday following a $3.1 billion acquisition binge that left it swimming in debt, vowed to press ahead with plans to build solar projects in India, tapping equity partnerships to do so.
“Everyone in India has been partnering for equity,” SunEdison Asia-Pacific President Pashupathy Gopalan said in an interview. “We didn’t do that in the past, so now we have to do that. We have to learn from our peers and do what others have already done.”