Tags: ACME

Actis acquires Acme’s 600 MW solar assets for Rs 3,000 cr: Report

Actis has reportedly acquired cash-strapped Indian power producer-Acme Cleantech Solutions’ solar energy assets in a deal worth Rs 3,000 crore. ET citing sources reports that Actis outbid Canadian fund Brookfield to strike a deal with one of the largest solar power producers in India. The deal signed between the two firms on solar asset is […]

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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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SECI auctions 750 MW solar power capacity at Rs 2.48 per unit

Acme, Fortum, Palimarwar and Sitara emerged as the successful bidders, quoting tariff of Rs 2.48 per unit, for 750 MW solar energy capacities auction conducted by state-owned Solar Energy Corporation of India (SECI), a source said. The solar tariff of Rs 2.48 per unit quoted in the this auction was close to Rs 2.44 per […]

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High Court Asks Ministry of Finance to Withdraw its SGD Notification: Report

 Orissa High Court has reportedly asked ministry of finance to withdraw its solar safeguard duty notification. The court was hearing to the petition filed by Hero Future Energies, ACME, and Vikram Solar against the DGTR reports Mercom. Noting that the SGD notification was issued by the ministry despite court’s stay order, the bench has […]

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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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Solar power tariff jumps to Rs 3.48 per unit in 1 GW UP auction

Higher land prices have pushed the solar power tariff to Rs 3.48 per unit in the 1 Gw capacities auction conducted by Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA), according to a source. The Rs 3.48 per unit tariff is higher than Rs 2.70 per unit quoted in an auction conducted by the […]

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ACME wins 50 MW Solar power project in SECI auction

ACME Group has announced that it has bagged 50 MW solar power project at Gujrai solar park, Uttar Pradesh in an auction conducted by Solar Energy Corporation of India (SECI). ACME won the contract in the reverse auction held today, invited by the SECI for Gujrai solar park, a company statement said. SECI had invited […]

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ACME bags 250 Mw solar PV project under MSEDCL tender

ACME has announced that it has bagged a 250 Mw Solar PV project in a reverse auction invited by Maharashtra State Electricity Distribution Co (MSEDCL) on 14 May 2018. Under the reverse auction total capacity allotted was of 1,000 Mw under Build Own and Operate (BOO) model where the successful developer can set up the […]

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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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