
Daily News Wrap-Up: SECI’s Green Energy Open Access Foray
The government-owned renewable energy intermediary procurer Solar Energy Corporation of India (SECI) will soon enter the market for delivering renewable energy solutions through open access to the commercial and industrial ...

ACME Partners with Norfund to Develop Renewable Energy Projects in India
ACME Group and Norwegian investment fund Norfund will co-invest in the development of greenfield renewable power projects in India. Norfund invests in developing countries and manages the Norwegian Climate Investment ...

Odisha Regulator Sets Tariff of ₹7.25/kWh for 25 MW Solar Project
Odisha Electricity Regulatory Commission (OERC) has approved the power purchase agreement (PPA) executed between Grid Corporation of Odisha (GRIDCO) and ACME Odisha Solar Power to procure power from a 25 ...

CERC Upholds Solar Developer’s Compensation Claims Under Change in Law Due to GST
Ruling in favor of a solar developer, the Central Electricity Regulatory Commission (CERC) directed the Madhya Pradesh Power Management Company (MPPMCL) and Delhi Metro Rail Corporation (DMRC) to settle the ...

CERC Says Solar Developer Entitled to Compensation Under ‘Change in Law’
The Central Electricity Regulatory Commission (CERC) has ruled in favor of a solar developer and asked the Madhya Pradesh Power Management Company (MPPMCL) and Delhi Metro Rail Corporation (DMRC) to ...

Daily News Wrap-Up: ACME to Build ₹524.74 Billion Green Hydrogen Project in Tamil Nadu
Here are some noteworthy cleantech announcements of the day from around the world: ACME Group announced an investment of ₹524.74 billion (~$6.61 billion) to build green hydrogen and ammonia projects ...

Daily News Wrap-Up: ACME to Invest ₹520 Billion to Develop Green Hydrogen Project in Karnataka
Here are some noteworthy cleantech announcements of the day from around the world: The government of Karnataka has signed a memorandum of understanding (MoU) with ACME Cleantech Solutions for an ...
![India's Top Five Announced Solar Project Funding Deals of 2021 [Infographics]](https://mercomindia.com/wp-content/uploads/2021/12/Indias-Top-Five-Announced-Solar-Project-Funding-Deals-of-2021-Infographics.jpg)
India’s Top Five Announced Solar Project Funding Deals of 2021 [Infographics]
Project funding activity in 2021 exceeded pre-Covid-19 levels. A total of $6.69 billion was invested in the solar sector in the first nine months of 2021, a 400% increase compared to ...

Ayana Renewables Acquires 250 MW Solar PV Project from ACME
Bengaluru-based renewable energy platform Ayana Renewable Power Private Limited has announced a deal to acquire a 100% equity stake in a 250 MWac solar photovoltaic (PV) power project, developed and operated by ...

Karnataka DISCOMs Asked to Compensate Solar Developer for Safeguard Duty Imposition
The Karnataka Electricity Regulatory Commission (KERC) has recently ruled that five special purpose vehicles (SPVs) of ACME Solar were entitled to levelized incremental tariffs to compensate for the additional cost ...

It is Still Early Days for New Solar Module Technologies to Gain Wider Acceptance
Mercom hosted a webinar on September 8, 2021, to discuss the impact of the rapidly changing module manufacturing landscape on the project's levelized cost of energy (LCOE). The webinar focused ...

Guaranteed Offtake the Reason for Success of MSEDCL’s 500 MW Solar Tender
Stakeholders in the solar industry believe that tariffs in upcoming solar auctions are likely to settle around ₹2.50 (~$0.034)/kWh, given the spike in module and commodity prices. Developers are bracing ...

ACME to Develop a 300 MW Solar Project in Partnership with Brookfield Renewable
Independent power producer ACME Solar has announced that it has closed a deal with Brookfield Renewable, a global owner and operator of renewable power assets, to jointly develop a 300 ...

ACME Solar Withdraws Termination Petition for 600 MW Project with ₹2.44/kWh Tariff
The Central Electricity Regulatory Commission (CERC), in a recent order, asked the subsidiaries of ACME Solar developing 600 MW of solar projects in Rajasthan to submit the current status of ...

Daily News Wrap-Up: Madhav Infra to Provide EPC Services For a 20 MW Solar Project
Here are some of the significant cleantech announcements of the day from around the world: Madhav Infra Projects Limited has received the letter of intent from Gujarat State Electricity Corporation ...

Petronas’ Indian Arm Acquires 100 MW of Solar Assets from ACME at ₹8 Billion
Amplus, the Indian arm of Petronas (Petroliam Nasional Bhd), a Malaysian government-owned oil and gas company, has acquired 100 MW of solar assets from ACME Solar. The deal was valued ...

Actis Acquires 400 MW of Solar Projects from ACME
UK-based investor Actis has completed the acquisition of two solar projects with a total capacity of 400 MW from ACME Solar Holdings Limited. The deal is expected to be valued ...

Petition Questions SECI’s Annuity Method for Dispensing Solar GST Claims
A recent petition filed by ACME Jodhpur Solar Power Private Limited before the Central Electricity Regulatory Commission (CERC) sought clarification regarding the Goods and Services Tax (GST) compensation for the ...

ACME Solar to be Reimbursed for Bonds Furnished Against Safeguard Duty Cost
The Maharashtra Electricity Regulatory Commission (MERC) issued an order declaring that ACME Chittorgarh Solar Energy Private Limited (ACSEPL) was eligible for claiming compensation for additional expenses incurred due to the ...

ACME Solar Decides to Terminate its Lowest Tariff Project Citing Force Majeure
ACME Solar has filed a petition before the Central Energy Regulatory Commission (CERC), asking it to direct the Solar Energy Corporation of India (SECI) and the Power Grid Corporation of ...

CERC Approves Tariff of ₹2.54/kWh to Procure 100 MW of Solar Power from SECI
The Central Electricity Regulatory Commission (CERC) has approved a tariff of ₹2.54 (~$0.035)/kWh as requested by Tata Power Delhi Distribution Limited (TPDDL) to procure 100 MW of solar power from ...

CERC Rules in Favor of Solar Developer ACME, Asks PGCIL To Grant Medium-Term Open Access
In response to a petition by ACME Holding, the Central Electricity Regulatory Commission (CERC) has asked Power Grid Corporation of India Limited (PGCIL) to notify ACME the date of operationalization ...

Safeguard Duty to be Considered as Change in Law for ACME’s Solar Projects in Karnataka
In a recent order, the Karnataka Electricity Regulatory Commission (KERC) has stated that the imposition of safeguard duty will be treated as ‘Change in Law’ for ACME Solar’s projects in ...

Heavy Rains Wreak Havoc in Madhya Pradesh, Damage a 250 MW Solar Project
The onslaught of monsoon and severe weather has caused significant damage to a 250 MW solar PV project in Madhya Pradesh. Heavy rainfall and lightning accompanied by storm with wind ...

ACME, Adani, Essel Were the Top Solar Project Developers in India in 2018
In 2018, ACME, Adani, and Essel were the top three developers of utility-scale solar projects in India in terms of installed capacity and accounted for 27% of installations in the ...