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SunEdison Bankruptcy Floods India Market for Green Projects

  • Four gigawatts of wind and solar capacity seeking buyers
  • Surplus drags down the price for selling green projects
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SunEdison Inc.’s bankruptcy filing is reverberating halfway around the world in India, where developers say the U.S. company’s troubles are adding to a surplus of green capacity up for sale.

SunEdison has said it’s searching for equity partnerships for its 2.4 gigawatts of capacity in India following its petition to a New York federal court. That means about 4 gigawatts of clean-energy projects are up for sale, more than 10 percent of the nation’s existing solar and wind capacity, according to industry executives.