Adani Green Energy may tie up with SunEdison for $2 billion solar foray – Feedback

Adani Green Energy Ltd, the renewable energy arm of the Adani Group, is considering a technical partnership with global major SunEdison Inc for its $2 billion foray into integrated solar manufacturing.

The collaboration is being considered despite SunEdison’s recent troubles, which saw the renewable energy heavyweight file for protection from its creditors in the US in late April. “We are also looking at two other companies, Golden Concord Holdings ( GCL ) and OCI Solar Power . We are yet to take a decision,” said Jayant Parimal, CEO, Adani Green Energy. GCL, headquartered in Hong Kong, is the biggest manufacturer of solar photovoltaic material, while Texas-based OCI has over 500 MW of installed solar power worldwide. “We are currently evaluating the technologies offered by these manufacturers cum technology providers,” said Parimal. “Once we zero in on one of them, we may bring the company in as a JV partner.”

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