Business Standard

Sunday, January 19, 2025 | 11:32 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Debt-heavy SunEdison looking to sell India assets - Mint

Image

Reuters MUMBAI

MUMBAI (Reuters) - U.S. solar company SunEdison Inc is looking to sell all of its India assets or find partners for them, the Mint newspaper said on Monday, after reports that it was planning to file for bankruptcy protection in the coming weeks.

Last year heavily indebted SunEdison won a bid to sell solar power in India at what was then a record low tariff.

"We are working with various potential equity partners for our projects because of the overall liquidity crunch," Pashupathy Gopalan, president Asia Pacific at SunEdison, told Mint. (bit.ly/1W4lwRS)

Gopalan's office did not immediately respond to questions submitted by Reuters.

 

(Reporting by Krishna N. Das; Editing by Douglas Busvine)

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Apr 04 2016 | 11:51 AM IST

Explore News