India Ratings and Research (Ind-Ra) has taken the following rating actions on ACME Jaisalmer Solar Power Private Limited’s (AJSPPL) instruments: Ind-Ra has also affirmed an unsupported rating of ‘IND BBB-’/Negative for the same amount and maturity, in compliance with the Securities Exchange Board of India’s circular dated 13 June 2019, which requires credit rating agencies […]
ACME’s $2.7 Billion India Solar Push Seeks to Draw Foreign Cash
ACME currently has 2.9 gigawatts of operating capacity with a further 2 gigawatts already funded and nearing completion, he said.ACME currently has 2.9 gigawatts of operating capacity with a further 2 gigawatts already funded and nearing completion, he said India’s ACME Solar Holdings Pvt. is seeking partners to help fund a plan to more than […]
ACME & Brookfield Renewables to Jointly Build 450 MW Solar Project in Rajasthan
ACME, India’s leading solar IPP, today announced closure of a deal with Brookfield Renewable, a global owner and operator of renewable power assets, to build a 450MWp Solar Project in Rajasthan. This solar project includes a 25-year power purchase agreement with Maharashtra State Electricity Distribution Company Limited (MSEDCL), a wholly-owned subsidiary of the Maharashtra State […]
ACME Joins Hand With UNSOPS & IFU For 250 MW Solar Project
The total value of the project is close to US$ 200 million, of which about a quarter would be financed through equity contributions by the three co-investors, ACME said in a statement. Gurgaon based solar power project developer ACME signed a shareholders’ agreement with UNOPS S3i and IFU for developing a 250-megawatt (Mw) solar power […]
ACME Signs Another Landmark Investment Deal With UNOPS S3i And IFU For a 250 Megawatt Solar Park in Rajasthan, India
ACME has signed a landmark shareholders’ agreement with UNOPS S3i and IFU for developing a 250-megawatt solar power plant located in the Rajasthan State of India. The deal supports India’s ambitious renewable targets and will provide clean electricity to half a million families. Once in operation, the solar plant will provide clean electricity to the […]
Oman-India JV plans $2.5bln green ammonia project in Duqm SEZ
Tatweer and ACME have identified the land parcel in the Duqm region to set up the facility MUSCAT – A partnership of the Oman Company for the Development of the Special Economic Zone at Duqm (Tatweer) and India’s biggest solar developer ACME Solar Holdings Ltd has unveiled plans to invest $2.5 billion to manufacture green […]
ACME inks pact Tatweer to set up green hydrogen, ammonia unit entailing US 2.5 bn investment in Oman
New Delhi: Solar power producer ACME on Tuesday said it has inked a pact with an Omani firm Tatweer to set up a large scale facility to produce green hydrogen and Ammonia at Duqm in Oman, which entails USD 2.5 billion investment. “The Oman Company for the Development of the Special Economic Zone at Duqm […]
Seeking Commission’s indulgence to direct MSEDCL to replace the Bank Guarantee submitted under the PPA
Case of ACME Heergarh Powertech Pvt. Ltd seeking Commission’s indulgence to direct Maharashtra State Electricity Distribution Company Ltd. to replace the Bank Guarantee submitted under the Power Purchase Agreement dated 21 August 2019 with equally effective alternate proposed mechanism. For more information please see below link:
Case of ACME Heergarh seeking directions against MSEDCL by declaring that the PPA stands frustrated on account of Force Majeure and impossibility of performance and consequential relief
Case of ACME Heergarh Powertech Pvt. Ltd. seeking directions against Maharashtra State Electricity Distribution Limited by declaring that the Power Purchase Agreement dated 21 August, 2019 stands frustrated on account of Force Majeure and impossibility of performance and consequential relief. For more information please see below link: Final Order in Case No.78 of 2020._compressed
ACME Solar cancels deal to supply power at record low tariff citing COVID uncertainty
ACME cited land acquisition delays, the coronavirus outbreak and its impact on suppliers of solar cells and modules in China and delay in setting up of transmission networks as reasons CHENNAI: India’s ACME Solar has cancelled a contract with state-run Solar Energy Corp of India (SECI) to supply power at the country’s lowest tariff due […]