SunEdison to opt partnership for development of its future power projects

India: SunEdison; a major solar power development firm has recently announced that they will opt for partnership model to ease off its debt. The investments coming through partnership will help the development of stalled solar energy projects worth USD 750 Million. the company, by switching to partnership model aims to lower its debt burden ultimately fulfilling India’s ambitious mission to develop its solar power.

Techsci Research depicts that India’s solar power sector has a huge growth potential. The Government plans to add 175 GW of solar power by the year 2022.This offer investment opportunities in   solar equipment industry as well. SunEdision through its partnership model will ease of its debt which will open up door for the development of projects which are not yet built due to cash unavailability. As the investments will come the projects will likely start which can be absorbed by the industry giving it an additional growth. By opting to partnership model it will also open up doors for the growth of solar power equipment industry.

According to a recently released TechSci Research report, “According to “India Solar Power Equipment Market Forecast & Opportunities, 2020”, the solar power equipment market in India is projected to surpass USD4 billion by 2020, wherein solar energy would be generated by employing photovoltaic (PV) and concentrated solar power (CSP) technologies across the country. Constantly improving solar equipment technologies, advanced manufacturing processes for production of hi-tech equipment and anticipated decline in equipment prices is projected to further drive the solar equipment market over the next five years.