SunEdison, the world´s largest renewable energy development company by generation capacity, announced it hassigned a definitive agreement to acquire Mumbai-based Continuum Wind Energy.
The buyout, which is the biggest in theclean energy sector in the country so far, will significantly consolidate its local presence and further highlight the frenzied global interest in the Indian renewable energy sector.The Belmont, California headquartered SunEdison, will take over 242 MW of operating wind assets that Continuum owns and operates in Maharashtra and Gujarat, and 170 MW of assets under construction.The company also has 1,000 MW of plants in development across 6 states.´India is a core market for SunEdison and offers tremendous growth opportunities in both wind and solar energy. We made a commitment to PM Modi that we will deliver 15.2 GW of renewable energy by 2022,´ Pashupathy Gopalan, President of SunEdison, Asia Pacific said.
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