The company intends to construct mega solar projects, each 500MW or more, as part of the MOU, which intends to develop Rajasthan as the worldwide hub for solar energy.
The Rajasthan government will help in finding suitable land for the solar PV developments, and will provide grid as well as interconnection infrastructure.
SunEdison plans to create new facilities to generate and deliver solar energy to several organizations inside and outside Rajasthan.
The solar projects will be owned by SunEdison or its affiliates, including Yieldcos.
The MOU is in line with state government’s solar policy, which intends to create 25GW of solar projects over the next five years.
SunEdison Asia Pacific operations president Pashupathy Gopalan said: "Under the dynamic leadership and vision of the honorable Chief Minister, Smt. Vasundhara Raje Scindia, this MOU paves the way for socially and environmentally responsible economic growth and prosperity in the State of Rajasthan.
"SunEdison is committed to the long term development of India’s solar program and supports its quest for energy security. In support of this initiative we are building local and global partnerships to ensure India is at the cutting edge of solar technology and can provide its citizens with clean, reliable, affordable energy solutions."
SunEdison currently has more than 50MW of large solar projects and over 1,000 solar water pump installations in Rajasthan.
Image: SunEdison intends to construct mega solar projects, each 500MW or more, in Rajasthan. Photo: Courtesy of graur codrin/FreeDigitalPhotos.net.
