SunEdison, Inc. today announced that it has won 5 solar PV projects totaling 150MW from Karnataka Renewable Energy Development Limited (KREDL) as announced by the Government of Karnataka. SunEdison or SunEdison affiliates, including Yieldcos, are envisioned as the ultimate owner(s) of these solar projects, and will sell the electricity generated to various entities via Power Purchase Agreements (PPA's).
"This is yet another milestone in the journey of SunEdison in India to build a strong pipeline of projects that will be developed and commissioned in the coming years," said Pashupathy Gopalan, president Asia Pacific Operations, adding that the PPA's are likely to be signed in the next two to three months.