SunEdison plans to offload equity in 500 MW Andhra Pradesh project

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The US company has approached potential buyers for the sale of equity and has consulted investment bankers to value the project it won in November with a bid of Rs 4.63 per unit.

Sun Edison, the world’s biggest renewable energy company, plans to offload equity in a 500 megawatt project it won in India by making a bid that rivals said was too low to make commercial sense. The US company has approached potential buyers for the sale of equity and has consulted investment bankers to value the project it won in November with a bid of Rs 4.63 per unit in an auction conducted by NTPC  for solar plants in Andhra Pradesh under the Jawaharlal Nehru National Solar Mission, industry sources said. The US company has approached potential buyers for the sale of equity and has consulted investment bankers to value the project it won in November with a bid of Rs 4.63 per unit in an auction conducted by NTPCBSE 2.41 % for solar plants in Andhra Pradesh under the Jawaharlal Nehru National Solar Mission, industry sources said.

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