According to SunEdison ‘s CEO and president Ahmad R Chatila, the company is looking out for an Indian partner for making the proposed investment. He stated, “I am talking to people, but these things take longer than I would like. It took me two years to negotiate the deal with Samsung in Korea.”
The company is on the look out for a few locations for setting up the unit but refused to provide any further details. This has come in the wake of solar and wind energy major facing financial headwinds. They have been forced to sell off their assets globally along with walking away from a proposed takeover of wind major Continuum.
It has also been reported that SunEdison Inc has suffered a loss of two-thirds of its market value over the year with investors questioning its ability to fund wind and solar farms that are planned to be built all around the world.
Chatila stressed that they have carried out 1,600 projects in the last decade with not even a single project getting stranded. He stated that they know how to execute and the headwinds are now being turned around one by one.