Saturday, December 21, 2024 | 08:35 PM ISTEN Hindi

Home / Companies / News / UK-based private investor Actis acquires 400 MW solar projects from Acme

UK-based private investor Actis acquires 400 MW solar projects from Acme

Both Acme and Actis did not disclose the deal size but market experts estimated the deal size to be close to Rs 2,000 crore

Premium

Gurugram based Acme is a leading renewable energy player in the country with 5GW of projects across the country

Shreya Jai New Delhi

2 min read Last Updated : Aug 07 2020 | 4:54 PM IST

UK based private investor Actis acquired 400 MW solar power projects of ACME Solar Holdings ltd. The projects are located in Andhra Pradesh and Madhya Pradesh. Both Acme and Actis did not disclose the deal size. Market experts estimated the deal value to be close to Rs 2,000 crore.

In a public statement, Actis said the investment in Indian renewables through Actis Long Life Infrastructure Fund (ALLIF) and Actis Energy Funds. ALLIF’s investment strategy targets large operating renewable assets for the long-term, maximising yield through value creation, the company said.

ALSO READ: Emami's Q1 pre-tax profit drops 13.64%

Topics : Actis solar power projects

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in