SunEdison, Omnigrid Sign Agreement To Develop 5,000 Solar Projects In India

(RTTNews) - SunEdison Inc. (SUNE) and Omnigrid Micropower Company Pvt. Ltd. announced they have signed a framework agreement to develop 5,000 rural projects, representing 250 megawatts (MW) of electricity, throughout India over the next three to five years. The partnership leverages the technical know-how, local and telecom knowledge from OMC and project development and financing expertise from SunEdison. The companies said, building upon the 36 kW micro power plants OMC Power has already put in place across India, this partnership will quickly bring electricity to 10 million additional people.

"There are approximately 1.5 billion people that do not have access to electricity and another 1.5 billion people that don't have reliable, 24/7 electricity. What is most exciting about this partnership is that SunEdison is embarking on its purpose of transforming lives in a very big way," said Ahmad Chatila, President and CEO of SunEdison.