GoI´s aggressive push towards solar has rejuvenated the solar market and given tremendous growth potential for upcoming clean energy eco-system, believe experts.
Renewable Energy (RE) has many unique attributes ´ rapid deployment, modular nature and environment friendliness ´ which make it a beneficial source of power in a country like India, which has a high energy deficit, growing demands and an inadequate grid infrastructure.
AES to sell solar venture stake
AES Corp, a power provider in 21 countries, has agreed to sell its 50 per cent of the Silver Ridge Power LLC solar venture to SunEdison Inc for $165 million. SunEdison is acquiring interests in existing and future photovoltaic projects in the US, Europe and India from Silver Ridge, a 336-megawatt joint venture between Riverstone Holdings LLC and Arlington, Virginia-based AES.
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