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Report: SunEdison discussing sale of stake in Indian solar projects

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Report: SunEdison discussing sale of stake in Indian solar projects

Cash-strappedSunEdison Inc. couldsell minority interests in its Indian solar properties to Fortum, which hassaid it plans to spend between $225 million to $450 million on solar projectsin the country, Reuters reported April 14, citing unnamed sources.

Fortum reportedly is eyeing SunEdison's planned 500-MWproject in Andhra Pradesh, India, according to the publication.

Adani Group and Goldman Sachs-backed ReNew Power have alsoshowed interest inpurchasing SunEdison assets, Reuters reported.