Acme Solar

ACME Sun Power secures Rs 3,753-cr term loan from state-owned REC

ACME Sun Power, a wholly-owned subsidiary of ACME Solar Holdings, has secured a Rs 3,753-crore term loan from state-owned REC Ltd. The loan has been secured for the development and construction of a 320-MW firm and dispatchable renewable energy (FDRE) project in collaboration with SJVN. Wholly-owned subsidiary ACME Sun Power Secures Rs 3,753 crore loan from REC for FDRE projects in Rajasthan and Gujarat, ACME Solar Holdings said in a statement on Sunday. An FDRE plant ensures round-the-clock power supply, assisting power distribution companies (discoms) in fulfilling their renewable purchase obligations and energy storage obligations. The project would be located at high resource potential areas at Jaisalmer, Rajasthan for solar capacity and Bhuj and Jam Khambhaliya, Gujarat for wind sites, the company said. A power purchase agreement has been signed with SJVN and the grid connectivity has also been secured. The land acquisition process is in advanced stages, the company said. Ma

ACME Solar listing: Shares make poor debut on bourses at Rs 251 on NSE

ACME Solar shares opened lower on bourses at Rs 259 on BSE lower than Street's expectations

ACME Solar Holdings IPO subscribed 2.75 times on closing day of offer

The Initial Public Offer (IPO) received bids for 16,00,11,174 shares against 5,82,03,223 shares on offer, according to data available with the NSE

BluPine Energy completes acquisition of 369 MW solar assets from Acme Group

Renewable energy player BluPine Energy on Monday said it has completed the acquisition of 369 MW solar power assets from Acme Group. The 369 megawatts of solar capacity power assets are spread across Uttarakhand, Punjab, and Karnataka and augment its total renewable capacity to 2.4 gigawatts, BluPine Energy said in a statement. Neerav Nanavaty, CEO of BluPine Energy, said, "The renewable energy sector in India continues to witness remarkable growth. We have high-quality solar assets in our portfolio, further solidifying our commitment to driving positive change in India's energy sector." BluPine Energy is a leading renewable energy services company established in India by Actis, a global investor and leader in funding and building sustainable infrastructure companies. With an investment of USD 800 million from Actis' Energy Fund 5, BluPine Energy is dedicated to developing a renewable energy portfolio of over 4 GW in India. The company did not disclose the deal value.

India's ACME Group gets $490 million in funding for Oman project

The facility is expected to produce 100,000 tons of green ammonia annually in its starting phase

ACME Group forays into wind power sector with 50 MW project in Gujarat

ACME Group on Friday announced its foray into the wind power sector with a 50 MW project in Gujarat. The group has forayed into the wind power business and signed a power purchase agreement (PPA) with Gujarat Urja Vikas Nigam Limited (GUVNL), a company statement said. At present, ACME operates solar power plants in 12 states and supplies electricity to 13 state discoms. "ACME Group wins its first 50 MW grid-connected wind power project. This is a significant milestone as the company gears up to provide solar-wind Hybrid and RE RTC power. This is in line with ACME Group's vision to become a prominent RE RTC player," ACME Group Chief Operating Officer Sandeep Kashyap said. The company was awarded the project through a tariff-based competitive bidding process for electricity procurement from grid-connected wind power projects. The project should be commissioned within 24 months from the signing of the PPA. The electricity from this project will help to light up nearly 6 million home

Modi says India best for investments; JSW, Adani commit Rs 1 trn in K'taka

JSW, Adani commit to spend over Rs 1 trn each in Karnataka over 5-7 years

ACME Group to invest Rs 1.5 trn in green hydrogen over 7 yrs; seeks tie-ups

Plans come at a time when govt is likely to announce a green hydrogen purchase obligation for fertiliser and petroleum units, similar to renewable purchase obligation

ACME, Tata Power among 60 firms to sign MoUs worth Rs 1.25 trn with TN govt

Chief Minister M K Stalin also lays foundation stone for 21 projects with an investment commitment of Rs 22,252 crore and employment potential for about 17,654 persons

ACME Cleantech to invest Rs 52,000 crore for hydrogen, ammonia plant

The firm has built a solar portfolio of over 6 gigawatts-peak and operates over 1.5 GWp of capacity with another 10 GWp under construction

ACME and Norway-based Scatec to develop green ammonia in Oman

The facility will be located in the Duqm Special Economic Zone of Oman.

ACME Group partners with Scatec to develop ammonia facility in Oman

Industry analysts forecast global annual demand for green ammonia to reach up to 200 million tonne by 2050

ACME Group to set up green ammonia, green hydrogen facility in Oman

ACME Group on Monday said it has signed a land agreement to set up a $3.5 billion green ammonia project at Special Economic Zone at the Port of Duqm in Oman.

ACME seeks to tap global investors for its $2.7-bn India solar push

It is seeking to raise about a quarter of the total investment by tapping global investors from private equity firms to pension funds

PAG inks pact to acquire controlling stake in Acme for $145 mn

Asia-focused private equity firm PAG on Thursday said it has reached an agreement to acquire a controlling stake in Acme Formulation Pvt Ltd (Acme) for USD 145 million (around Rs 1,054 crore).

ACME Solar to sell 50% stake in 900 Mw solar plant to Norway's Scatec

Scatec enters in partnership, ACME had quoted record low tariff of Rs 2.44 a unit for the project

ACME Solar plans to invest $2.5 billion in Oman green ammonia unit

ACME has a pilot at work in Rajasthan for producing green hydrogen and ammonia

Gurgaon-based ACME to set up green hydrogen, ammonia facility in Oman SEZ

The facility would be set up with an initial investment of $2.5 billion

CERC to remain shut for one more month as Centre hunts for legal member

ACME Solar intervenes for release of reserved orders at CERC

Railways meets solar power developers for zero carbon emission goal

The railways has developed a mega plan for installing solar plants of 20-GW capacity by utilising its vacant land by 2030