SunEdison to get over Rs 500-cr funds for solar projects

The entity, a part of US-based MEMC Electronic Materials, would utilise these funds for construction of several fully contracted solar projects with an expected capacity of 50 MW

"The funding, worth an estimated $110 million (more than Rs 500 crore, was secured by SunEdison from Overseas Private Investment Corporation (OPIC), L&T Infrastructure Finance Company Ltd and Infrastructure Development Finance Company Ltd (IDFC)," SunEdison said in a statement today.

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