Tags: ACME Solar

COVID 19 Effect: ACME terminates 600 MW deal in Rajasthan

ACME Solar has decided to terminate a contract with government agencies to supply power at record low tariff citing Covid-19 crisis and its heavy toll on the economy. In 2018 the firm bagged this 600 MW project in Rajasthan at a historic low rate of Rs 2.44 per unit. The solar power developer in its […]

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Brookfield, Actis are in discussion to acquire solar assets from Acme: Report

Canada’s Brookfield and UK’s Actis, are reportedly in talk to acquire cash-strapped Indian power producer-Acme Cleantech Solutions’ solar energy assets. Acme has an operational asset of 2.5 GW and 3 GW under construction. According to ET the Indian firm at this moment is not looking to totally exit the renewable energy business but want to […]

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Safeguard duty led to a clash over tariffs between NTPC and Acme Solar: Report

The imposition of safeguard duty has reportedly led to a clash over tariffs between NTPC and developer Acme Solar. According to ET Acme Solar has filed a petition against NTPC in the Delhi high court for introducing new conditions in the letter of intent issued in mid-October.  Acme solar bagged 600 MW in a 2,000 […]

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ACME Solar planning to dive into EV, storage power system segments: Report

Gurugram-based ACME Solar is reportedly looking to dive into electric vehicle (EV) and storage power systems segment. ACME solar has India’s highest solar power project capacity of 2GW in the pipeline. Shashi Shekhar, vice-chairman of ACME Solar, speaking to Business Standard said “We are in discussion with several global manufacturers of EVs. Initially, the plan […]

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Solar tariff returns to Rs 2.44 in the recent SECI 2 GW solar auction

Solar tariffs in India returned back to Rs.2.44 per kWh in the Solar Energy Corporation of India’s (SECI) most recent 2-GW solar auction for Interstate Transmission System (ISTS)-connected projects.  This is the lowest tariff ever since May 2017in a solar auction for a 500-MW portion of the Bhadla solar park in Rajasthan. Industry experts believe […]

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ACME Solar , HG Infra Engineering gets Sebi’s approval to launch IPO

ACME Solar Holdings and HG Infra Engineering have received Sebi’s approval to launch initial public offerings, as per the latest update with markets regulator. Together, these companies are expected to garner Rs 2,700 crore through initial share-sales. The two firms had filed their respective draft red herring prospectus (DRHP) with the regulator on September 28. […]

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