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SunEdison may include Indian assets while listing overseas

Posted on Feb 26 2014 | IANS

Chennai, Feb 25 : US-headquartered solar power operator SunEdison plans to include some of its Indian assets overseas along with its other assets, said an official of the Indian subsidiary.

The USD 2 billion company globally operates 1,900 MW of solar power plants. Another 3,000 MW is being set up in different parts of the globe. In India, SunEdison recently won the rights to put up 100 MW of solar power plants in a government bidding.

Listing is only a plan that SunEdison had disclosed to the US authorities. The company is in the process of identifying the assets that would be part of the company to be listed, Pashupathy Gopalan, president, SunEdison - Asia Pacific, GCC and South Africa, told reporters here Tuesday.

Listing of assets means putting certain assets under a company or a business trust. The shares of the company or the trust units will be listed in a stock exchange.

Meanwhile SunEdison is putting up a solar park in Tamil Nadu to house a total capacity of 18 MW solar power plants.

As per plans, parcels of the park, say around 1 MW, would be sold to investors who are typically medium-sized companies planning to avail the accelerated depreciation benefit, he said.

SunEdison will own the unsold part of the plant and sell the generated power to industrial consumers.

The company has sold 1.5 MW capacity to an unnamed investor.

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