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 ...
Lowest Quoted Tariff Dips to ₹2.48/kWh in SECI’s 750 MW Solar Auction for Rajasthan
Four solar project developers - Fortum Solar (250 MW), ACME Solar (250 MW), Sitara Solar (100 MW), and Palimarwar Solar (40 MW), have quoted the lowest tariff of ₹2.48 (~$0.0349)/kWh ...
SECI’s 750 MW Solar Tender for Rajasthan Oversubscribed by 1,620 MW
The Solar Energy Corporation of India (SECI)’s 750 MW tender for solar PV projects to be developed on a standalone basis across the state of Rajasthan has been oversubscribed by 1,620 ...
Solar Safeguard Duty Notification Should be Treated as Change in Law: MERC
The Ministry of Finance’s notification that imposed the Safeguard Duty is an event of Change in Law, and therefore the additional expenditure and other impacts will be considered for reimbursement ...
CERC Provides Relief to Solar Developers in Matter of GST Compensation
In a positive development for the domestic renewable industry, the Central Electricity Regulatory Commission (CERC) has provided relief to solar project developers with regards to the effect of goods and ...
CERC Gives Relief to Solar Project Developers by Accepting GST as ‘Change in Law’
The Central Electricity Regulatory Commission (CERC) has issued an order to compensate solar power developers (SPD) by giving them an upfront lumpsum payment, which they would have incurred as an ...
ACME Commissions a 200 MW Solar Project in Rajasthan’s Bhadla Solar Park
ACME Solar Holdings, an Indian renewable energy developer, has commissioned a 200 MW solar power project at Bhadla Solar Park, located in Rajasthan. The project is designed using the latest 1,500 ...
Lowest Tariff of ₹2.59/kWh Wins NTPC’s 2 GW Solar Auction
Lowest (L1) tariff of ₹2.59 (~$0.0372)/kWh was quoted in the auction held by the National Thermal Power Corporation (NTPC) to develop 2 GW of interstate transmission system (ISTS)-connected solar photovoltaic ...
Orissa High Court Asks Ministry of Finance to Withdraw its Solar Safeguard Duty Notification
Weeks after the announcement of safeguard duty imposition on solar imports from China and Malaysia, the Orissa High Court today heard the petition filed by Hero Future Energies, ACME, and ...
Land and Transmission Availability May Make or Break India’s Mega Solar Tenders
A plethora of mega tenders have been announced in the domestic solar sector lately. While these huge tender announcements sound exciting and bode well for the country’s ambitious solar target, ...
Orissa High Court Issues Temporary Stay on Levy of Safeguard Duty on Solar Imports
The recommendation made by the Directorate General of Trade Remedies (DGTR) to impose a 25 percent safeguard duty on solar imports has displeased both developers and manufacturers for different reasons ...
Uttar Pradesh’s 1,000 MW Solar Auction Takes L1 Tariff Up to ₹3.48/kWh
The Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) auctioned 1,000 MW of solar photovoltaic (PV) projects in which ₹3.48 (~$0.050)/kWh emerged as the lowest (L1) tariff quoted by ...
ACME, Shapoorji, Hero, Mahindra, Azure & Adani Win SECI’s 2 GW Solar Auction
ACME Solar, Shapoorji Pallonji, Hero Solar, Mahindra Susten, Mahoba Solar (Adani), and Azure Power have emerged as the winners in the recently conducted auction by the Solar Energy Corporation of ...
ACME to Reduce its IPO Size from ₹22 Billion to ₹10-15 Billion
ACME Solar Holdings, an Indian renewable energy developer, has decided to re-evaluate its proposed Initial Public Offering (IPO). The company is going to downsize the IPO from ₹22 billion ($0.32 ...
ACME is the Winner in SECI’s 75 MW Solar Auction Quoting a Tariff of ₹3.32/kWh
ACME Solar Holdings, an independent power producer (IPP) has won a SECI auction to develop 75 MW of solar projects in Parasan Solar Park, located in the state of Uttar ...
Indian Solar Sector Received Over $10 Billion in Financing During 2017
In 2017, the Indian solar sector logged over $10 billion (~₹650 billion) in financing activity, according to Mercom Capital Group’s recently released 2017 Q4 and Annual India Solar Market Update ...
