Daily News Wrap-Up ACME to Build ₹524.74 Billion Green Hydrogen Project in Tamil Nadu

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

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]

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 ...
/ / Mercom Research Focus, Other
Ayana Renewables Acquires 250 MW Solar PV Project from ACME

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 ...
/ / Finance and M&A, Solar
Karnataka DISCOMs Asked to Compensate Solar Developer for Safeguard Duty Imposition

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 ...
/ / Markets & Policy, Solar
It is Still Early Days for New Solar Module Technologies to Gain Wider Acceptance

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 ...
/ / Markets & Policy, Solar
Guaranteed Offtake the Reason for Success of MSEDCL’s 500 MW Solar Tender

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

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 ...
/ / Solar, Utility Scale
ACME Solar Withdraws Termination Petition for 600 MW Project with ₹2.44kWh Tariff

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

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 ...
/ / Other, Renewable Energy
Petronas' Indian Arm Acquires 100 MW of Solar Assets from ACME at ₹8 Billion

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 ...
/ / Finance and M&A, Solar
Actis Acquires 400 MW of Solar Projects from ACME

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 ...
/ / Finance and M&A, Solar
Petition Questions SECI's Annuity Method for Dispensing Solar GST Claims

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

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, SECI and PGCIL Oppose

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

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

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 ...
/ / Markets & Policy, Solar
Safeguard Duty to be Considered as Change in Law for ACME’s Solar Projects in Karnataka

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 ...
/ / Solar, Utility Scale
rewa solar park

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 ...
/ / Markets & Policy, Solar
ACME, Adani, Essel Were the Top Solar Project Developers in India in 2018

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 ...
SECI Auctions 200 MW of Solar Projects to be Developed in Karnataka’s Pavagada

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 ...
Maharashtra’s Shirdi Temple Reissues 10 MW Solar EPC Tender

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, Tenders & Auctions
Orissa High Court Safeguard Duty Case

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 ...
/ / Markets & Policy, Solar
CERC Provides Relief to Solar Developers in the Matter of GST Compensation

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 ...
/ / Markets & Policy, Solar
CERC Gives Relief to Solar Project Developers by Accepting GST as ‘Change in Law’

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 ...
/ / Markets & Policy, Solar