28 Mar '17, 3pm

SunEdison India Assets to Help Double Greenko Capacity

SunEdison India Assets to Help Double Greenko Capacity

Greenko Energy Holdings, the green power developer backed by sovereign wealth funds, expects to double its capacity in India by 2019 with the help of assets acquired during the bankruptcy of SunEdison Inc. Generation capacity should grow to about 5 gigawatts in the next two years as new projects come online and Greenko integrates 1.5 gigawatts of SunEdison assets into its portfolio, Mahesh Kolli, the founder of the company based in Hyderabad, India, said in a telephone interview. “Obviously when SunEdison projects got added, everything got accelerated," Kolli said. The company will achieve its earlier goal of three gigawatts by 2018 by the end of this year. Greenko is among the companies benefiting from India’s ambition of increasing renewable energy capacity to 175 megawatts by 2022 from 50 gigawatts currently. In order to help finance a faster expansion, Greenko’s two ma...

Full article: http://www.renewableenergyworld.com/articles/2017/03/sune...

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