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Construction : Power Update | December 2015 | Source : Infrastructure Today

SunEdison sells 425-MW projs for $231 mn

SunEdison Inc and TerraForm Global Inc have entered into an agreement for the former to sell the latter a series of projects located in India for $231 million. The projects have a generating capacity of 425 megawatts (MW).

A portion of the purchase price was paid on November 20 and the remainder would be payable by December 7, 2016. SunEdison utilised a portion of the proceeds from the sale to partially pay down its margin loan, according to the company.

 
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