Sunedison India to get suitors

Facing liquidity crunch after its US-based parent declared bankruptcy, renewable energy firm SunEdison India on Sunday said that it is receiving a “lot of interest” from investors for possible stake sale in the company as well as in its projects in the country.

SunEdison India is a subsidiary of US-based energy major SunEdi-son, which last week filed for bankruptcy protection in the Bankru-ptcy Court for the Southern District of New York.

“Given the liquidity crunch in our parent, we are exploring equity partnerships at a project level as well as a platform level in India,” SunEdison India head Pashupathy Gopalan said when asked about the impact of the bankruptcy on the firm’s Indian operations.

He further said: “The filing of Chapter 11 in the US, will not affect our Indian operations where we plan to continue normal course of business.” In the last six years, SunEdison India has built 700 MW of operational power pl-ants and currently have a pipeline of 1.7 GW to build, he said.