New York: SunEdison agreed to sell 425 megawatts of projects in India to TerraForm Gloabl Inc. Now, it went the most in 14 years and the agreement of selling this project is $231 million and using continues to pay down debt.

SunEdison increased 37% to $4.12 at the close in New York; this is the biggest profit since Oct 2001. Even the company has full rush but rejected 79% this year, with this incident has been treated that worst performer on the 20-member BI Global Large Solar Energy Index.

As per a regulatory filing, $150 million of the sale price was paid on 20th November 2015 and the part of that was paid to Deutsche Bank for using a margin loan. John Lamontagne who is the spokesman for SunEdison said that the purchase price keeps out project debt and TerraForm Global will be supposed.

He also added that some of the projects were operating and the result will be finished in the first quarter of 2016. The Deutche Bank loan was secured by a Lion on shares in SunEdison’s TerraForm Power Inc and dates to January.

“Obligation is can be one of the factors affecting the developer’s performance and believe an essential part of the recent instability around the company and its subsidiaries has been recognized to the margin loan,” said Chief executive officer Ahmad Chatila.