SunEdison wins 100MW in Indian solar permit auction

In India's first solar permit auction since 2012, SunEdison (SUNE +1.1%) won the right to build 100MW worth of solar plants. The company and other winners will collectively receive up to $302M in grants to offset ~30% of project costs.

SunEdison has had its eyes set on expanding its Indian presence for some time. India nearly doubled its solar capacity to 2.18GW last year, and aims to have 10GW by 2017. That would still leave it well behind China, which has a 35GW 2015 capacity target.

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Comments (2)
  • MKBaxley
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    I'm glad I added this to my portfolio a few days back.
    21 Feb 2014, 04:13 PM Reply Like
  • The Focused Stock Trader
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    I have been recommending $SUNE since publishing an article on Seeking Alpha when it was $8.50 last June.When I listened to the conference call on 2/18/2014 I started pounding the table and advised my subscribers that $SUNE could double again.I am looking forward to their Investor Day on Tuesday.
    21 Feb 2014, 09:03 PM Reply Like
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