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Report: Greenko Group emerges as leading bidder for SunEdison assets in India

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Report: Greenko Group emerges as leading bidder for SunEdison assets in India

has emerged asthe leading suitor for SunEdisonInc.'s renewable energy assetsin India, the Business Standard reportedJuly 22.

TheGIC Singapore-backed company could pay about $1.1 billion to acquire thebankrupt renewablecompany's assets, including 490 MW of operational solar and wind power projectsand about 1,000 MW of upcoming solar projects, according to the report.

Singapore-basedSembCorp Industries Ltd. also is said to be in the race to acquire SunEdison'sassets.

Thereport comes on the heels of recent SEC filings by that itmay help market itssponsor's interest in the holding company as part of a "jointly-supportedsales process."

SunEdison, which filed for Chapter 11 protection in the U.S.Bankruptcy Court for the Southern District of New York in April, on July 21asked Judge Stuart Bernstein to extendthe period during which it has the exclusive right to file areorganization plan from Aug. 19 to mid-December. It wants until mid-February2017 to get a plan approved.