Solar technology company SunEdison Inc. has reportedly entered into a strategic alliance with Indian conglomerate Adani Enterprises, which will expand its base in India. Under the joint venture agreement, the companies will put up approximately $4 billion to develop solar photovoltaic projects in Gujarat, India. This initiative will not only have a positive impact on the lives of people in Gujarat but also provide a clean and renewable source of power. As per reports, the project will create nearly 20,000 jobs in the area. The construction is expected to take three years. The partnership will help SunEdison to produce solar panels that will create electricity at lower cost and also reduce loss of electricity during transmission. We believe that SunEdison’s strategic decision to produce solar panels from low-cost production regions like India gives it an added cost advantage over its solar cell manufacturing peers.

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