Canada's Brookfield Asset Management will acquire two wind farms from Hyderabad, India-based Axis Energy Ventures for $75 million The deal will be Brookfield’s first direct acquisition in the renewable energy space in India. In 2017, Brookfield acquired Missouri- and California-based SunEdison’s TerraForm Global Inc, a 300-megawatt portfolio in India as...
Foreign Firms Surge to Provide India’s 280,000MW Solar Energy Goal
India's $100 billion push into solar energy over the next decade is being driven by foreign players as local manufacturers are no longer protected by government restrictions on the sector. SunEdison of California will invest up to $4 billion in a manufacturing facility, and China's Trina Solar has unveiled plans...
SunEdison Builds Rural Solar Electric Grid
Belmont, California based SunEdison Solar is set to expand its base in India by installing a 159 kilowatt solar micro-grids project to provide electricity to 4,875 people in six villages of India’s Madhya Pradesh state. SunEdison will begin construction in September and work with Rural Electrification Corporation, a Government of...
California Company Provides Solar Electricity to Remote Villages in India
Meerwada, a village in Central India’s Madhya Pradesh province, recently received solar power services through a California-based company named SunEdison. This company tackled Meerwada as the first of many villages to receive electricity in their Eradication of Darkness Program. They connect 50 houses, run a small solar plant and let...