ACME Solar

ACME Group on Friday announced its foray into the wind power sector with a 50 MW project in Gujarat. The group has forayed into the wind power business and signed a power purchase agreement (PPA) with Gujarat Urja Vikas Nigam Limited (GUVNL), a company statement said. At present, ACME operates solar power plants in 12 states and supplies electricity to 13 state discoms. "ACME Group wins its first 50 MW grid-connected wind power project. This is a significant milestone as the company gears up to provide solar-wind Hybrid and RE RTC power. This is in line with ACME Group's vision to become a prominent RE RTC player," ACME Group Chief Operating Officer Sandeep Kashyap said. The company was awarded the project through a tariff-based competitive bidding process for electricity procurement from grid-connected wind power projects. The project should be commissioned within 24 months from the signing of the PPA. The electricity from this project will help to light up nearly 6 million home

JSW, Adani commit to spend over Rs 1 trn each in Karnataka over 5-7 years

Plans come at a time when govt is likely to announce a green hydrogen purchase obligation for fertiliser and petroleum units, similar to renewable purchase obligation

Chief Minister M K Stalin also lays foundation stone for 21 projects with an investment commitment of Rs 22,252 crore and employment potential for about 17,654 persons

The firm has built a solar portfolio of over 6 gigawatts-peak and operates over 1.5 GWp of capacity with another 10 GWp under construction

The facility will be located in the Duqm Special Economic Zone of Oman.

Industry analysts forecast global annual demand for green ammonia to reach up to 200 million tonne by 2050

ACME Group on Monday said it has signed a land agreement to set up a $3.5 billion green ammonia project at Special Economic Zone at the Port of Duqm in Oman.

It is seeking to raise about a quarter of the total investment by tapping global investors from private equity firms to pension funds

Asia-focused private equity firm PAG on Thursday said it has reached an agreement to acquire a controlling stake in Acme Formulation Pvt Ltd (Acme) for USD 145 million (around Rs 1,054 crore).

Scatec enters in partnership, ACME had quoted record low tariff of Rs 2.44 a unit for the project

ACME has a pilot at work in Rajasthan for producing green hydrogen and ammonia

The facility would be set up with an initial investment of $2.5 billion

ACME Solar intervenes for release of reserved orders at CERC

The railways has developed a mega plan for installing solar plants of 20-GW capacity by utilising its vacant land by 2030

Even as companies are stretching themselves for funds, calling for a clarity in government policy, Shreya Jai explains the problems pulling down solar power

ACME recently won 600 Mw of solar project offered by SECI at a tariff of Rs 2.44 per unit

ICICI Securities, Citigroup Global Markets and Deutsche Equities India will manage the company's IPO

ACME Solar has been granted, through international competitive bidding, a 250MW solar power project within the 750-MWac Rewa Ultra Mega Solar Park (solar park) in the Rewa district of Madhya Pradesh. IFC plans to invest upto $50 million in the company besides helping the company to mobilise $100 million. The estimated project cost is around $200 million. The proposed IFC investment involves providing an IFC A loan /subscribing to Non-Convertible Debentures (NCDs) of up to $50 million and mobilisation of loan of up to $100 million from other lenders. Proceeds from the IFC investment will be used by the Company for the construction of the Project.The project involves the development, financing, construction, operation and maintenance of a 250MWac solar photovoltaic plant by ACME Solar within the Rewa Ultra Mega Solar Park.The project will be developed by ACME Jaipur Solar Power Private Limited, a wholly owned subsidiary of ACME Solar.ACME Solar is an independent power producer, which ...