ACME Solar wins 30 MW solar PV project in India
Date
June 24, 2014
Subscribe to our newsletter and get the latest news and business opportunities in your inbox
Acme Solar has emerged as the developer for the 30MW solar PV projects in a tender process floated by Chhattisgarh State Power Distribution Company Ltd (CSPDCL) at Raipur, India.
The total investment is estimated at Rs2.400 billion (US$39.9 million). The power purchase agreement is for a period of 25 years with the CSPDCL.
The project will boost Acme’s total solar capacity to 180MW. The firm plans to own 1,000MW by 2017. Manoj Kumar Upadhyay, CEO, Acme Solar, stated:
With this addition, our solar power portfolio has reached 180 MW and we are on way to generate 1000 MW by year 2017. We thank the Chhattisgarh State Authorities and look forward for support from all stakeholders to help us in achieving the dream of making Chhattisgarh a model state for energy-efficiency.
ACME Solar is a three-way joint venture between ACME Cleantech Solutions Limited, EDF Energies Nouvelles (EDF EN), the renewable energy arm of French state-run electricity utility Électricité de France S.A., and Luxembourg-based natural resources saving group EREN.
List of country news
Country news
-
-
June 27, 2014
Karnataka seeks developers for solar power projects
The Government of Karnataka (India) has announced plans to undertake the development of 500MW of solar thermal and/or solar PV power plants in the state. Read more -
June 30, 2014
ADB injects US$50 million in Welspun Renewables
The Asian Development Bank (ADB) has invested US$50 million in India’s Welspun Renewables Energy Pvt. Ltd. (WREPL). Read more -
July 04, 2014
ReNew Power Ventures reaches equity investments of $390m
ReNew Power Ventures Pvt. Ltd., an Indian renewable energy Independent Power Producer (IPP), has reached total equity investments of US$390 million after receiving additional investments of US$140 million from the Asian Development Bank (ADB), the fund GEF SACEF India and Goldman Sachs. Read more -
July 16, 2014
Abengoa wins its first transmission project concessions in India
Abengoa has been awarded its first concession projects for two electricity transmission lines in India. Read more -
July 18, 2014
Standard Chartered PE to invest in power transmission business
Sterlite Technologies Limited (Sterlite), a global provider of transmission solutions for the telecom and power industries, announced last week that it has entered into agreements with Standard Chartered Private Equity for an equity investment of 5,000 million rupees (approximately $83.2 million) in Sterlite Power Grid Ventures Ltd (SPGVL). Read more
