India Won’t Impose Safeguard Duty on Imported Solar Equipment Updated On Thu, May 31st, 2018 by Saurenergy The decision had different effects on solar players in the country. On the one hand it had delighted manufacturers while as on the other hand it alarmed developers about the steep rise in input costs. Overruling the directorate general of safeguards’ recommendation of 70% levy on imported solar equipment, the government has reversed the decision […] Read more
No Payment for Solar Power Producers if No Land Title in Karnataka Updated On Wed, May 30th, 2018 by Saurenergy The National Solar Energy Federation of India wrote to Ministry of New and Renewable Energy that the developers are not being paid because they haven’t received clear titles to the land they acquired for the projects. Against the delaying of clearance of land acquisition, the solar energy developers have protested against the Karnataka government to […] Read more
ACME Secures 250 MW Solar PV Project under MSEDCL’s 1,000 MW Bid Updated On Tue, May 22nd, 2018 by Saurenergy The selection process concluded at a very competitive tariff wherein ACME was allotted largest capacity i.e. 250 MW at a tariff of Rs 2.72/kWh. Country’s one of the leading utility-scale solar power developer ACME has won the 250 MW solar Photo Voltaic (PV) capacity in the reverse auction invited by Maharashtra State Electricity Distribution Co […] Read more
Solar Industry Balanced for Greater Jump, After Rs 5,000-Crore of Attractions in 2017 Updated On Tue, Jan 2nd, 2018 by Saurenergy Bhadla solar park near Jodhpur with a limit of 2,250 MW is topped off. The state government has arranged all the more such stops to expand the force. The solar energy domain that took a major jump in Rajasthan in 2017 pulling in Rs 5,000 crore speculations is balanced for an exponential extension in 2018. […] Read more
ACME Solar Holdings and HG Infra Engineering Gets SEBI Approval to Launch Initial Public Offerings Updated On Tue, Dec 19th, 2017 by Saurenergy The financing of company’s Rajasthan based 200MW solar power project and debt payment and few other corporate purposes are on the list in which the raised funds from the issue to be used. ACME Solar Holdings and HG Infra Engineering are the two companies to whom the SEBI has issued approval to launch initial public […] Read more
India’s Acme Solar Eyes 335 Million Dollars through IPO Updated On Thu, Oct 12th, 2017 by Saurenergy Funds raised from the IPO will be used for setting up this 200 megawatt project. This seems to be a very smart move on the part of the company, as raising debt with such a low tariff would have been a major challenge even when the off-taker is a government entity like NTPC Limited. One […] Read more
Piramal Finance Introduces ‘Flexi Line of Credit’ for Renewable Energy, Sanctions an Additional Rs. 700cr to ACME Solar Updated On Thu, Jul 6th, 2017 by Saurenergy Piramal Finance Limited (PFL) had first invested Rs. 499 Cr with ACME in July 2016, together with its partner APG. Piramal Enterprises, through its subsidiary Piramal Finance Limited (PFL), sanctioned an additional Rs.700Cr to ACME Solar Holdings Limited. The deal was made through Corporate Finance Group (“CFG”) of Piramal Finance Limited by introducing a new […] Read more
ACME launches India’s 1st Battery Swapping & Charging Station with Lithium Batteries for the Electric Vehicles Updated On Wed, May 31st, 2017 by Saurenergy ACME has provided EcoCharge Battery Swapping & Charging Stations to Ola for their Pilot Project at Nagpur City ACME has announced the launch of EcoCharge, country’s 1st Battery Swapping & Charging Station for the Electric Vehicles. The EcoCharge Battery Swapping & Charging Station comes with the following advantages: Lowest Operating Cost Fast Charging Swapping time […] Read more
EDF Energies Nouvelles calls off partnership with Acme Cleantech Solutions Updated On Wed, Oct 5th, 2016 by Saurenergy EDF Energies Nouvelles, a French renewable energy group has called off its collaboration with Acme Cleantech Solutions, a Gurgaon-based green technology solution provider, over differences in strategy- marking an end to its first venture into the Indian solar energy. The Paris-based state-run power major, however, remains confident about its clean energy projects in the country. […] Read more
