Speaking at a media briefing in London yesterday, Indian Power
Minister Piyush Goyal said stakeholders in India's solar sector were not
concerned about SunEdison's precarious financial situation.
"I don’t think it deters us or deflects the success of the solar
program at all," Goyal commented. "If one or two companies fail, there
will be others who can take their projects.”
Bloomberg pointed out that SunEdison, the world’s biggest green
energy company, is credited with driving tariffs to record lows in India
at a government last year. However, some solar companies operating in
India have bid lower prices than SunEdison, Goyal said.
SunEdison is reportedly looking to sell as much as 1 GW of unfinished
projects while preparing to seek protection from creditors, the news
agency added.
"Investors need not be worried about it,” Goyal added, stressing that
bankers were not worried about SunEdison’s situation. He added that
there was enough interest in the market for much larger volumes than the
company had taken up in India.
The minister said he was open to implementing solar tariffs in U.S.
dollars and was considering pricing them in euros and yen as well,
according to Bloomberg.
India is looking to increase its renewable power capacity to 175 GW
by 2022, with solar providing 100 GW, wind 60 GW, biomass 10 GW and the
rest from hydropower plants.
(www.pv-magazine.com)