The deal was signed with the Tamil Nadu Government at the Global Investors Meet initiated by the state government.

Under the terms of the deal, the company will develop wind and solar power plants at several locations including Virudunagar, Tuticorin, Tiruchy and Perambalumr over the next five years, reported Business Standard.

SunEdison Asia Pacific and Sub-Saharan Africa president Pashupathy Gopalan said: "SunEdison is dedicated to furthering India’s renewable energy program, and has committed to develop and construct 15.2GW of clean and cost effective wind and solar power projects in the country by 2022.

"With this memorandum of understanding, we are expressing our support for Tamil Nadu’s clean energy future, and are making progress towards our larger commitment."

Indo-Asian News Service cited Gopalan as saying that the solar and wind power projects will be built as standalone projects rather than hybrid projects.

The company would receive 75% of the debt financed by domestic institutions to fund the construction of the proposed projects, Gopalan added.

The Indian Government aims to generate 100GW of solar power by 2022.

Image: SunEdison plans to have 15.2GW of installed wind and solar capacity by 2022 in India. Photo: courtesy of graur codrin/