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Piramal Finance Introduces ‘Flexi Line of Credit’ for Renewable Energy, Sanctions an Additional Rs. 700cr to ACME Solar

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 […]

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ACME Targets Rs 10,000cr Revenues From Solar Module, Cell Biz

ACME Group is aiming to generate Rs 10,000 crore in revenue by 2030 from its solar module and cell manufacturing operations, as part of a broader strategy to diversify beyond renewable energy generation. The Gurgaon-based company has entered the solar equipment manufacturing sector with an investment of Rs 230 crore. Its new module manufacturing facility […]

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ACME, SAEL, Essar, Onward, NTPC REL Winners Of 1.2 GW SJVN Solar Tender

SJVN Limited has announced the winners of its 1.2 GW solar tender, in which included Acme Solar Holdings, SAEL Industries, Essar Renewables, Onward Solar Power, and NTPC Renewable Energy (NTPC REL), as the successful bidders at an average tariff of Rs. 2.52/kWh. Under this tender, SJVN has allocated 300 MW each to Acme Solar, Essar […]

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Avaada, ACME Get HC Relief In Solar Warehouse Duty Case

The Delhi High Court in a latest judgement gave relief to Indian solar project developers Avaada and ACME. These companies had earlier approached the high court with a writ petition seeking their intervention against the orders of the revenue department to impose duties on their solar warehouses and show cause notices related to the cancellation […]

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BluPine Energy Acquires 369 MW Solar Assets From Acme Group

BluPine Energy, a leading renewable energy services company established in India by Actis, has announced the successful acquisition of 369 megawatts of solar capacity power assets from the Acme Group. This strategic acquisition marks a significant milestone for BluPine Energy, taking its total renewable energy capacity to 2.4 Gigawatts, placing it squarely in the top […]

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Solalite Power & ACME Take Home Highest Capacity in NTPC 1500 MW Wind-Solar Tender

NTPC Ltd. has recently finalized a highly competitive bidding process for wind-solar hybrid power procurement in Tranche-1 (ISTS), open for development anywhere in the country. The tender, boasting a capacity of 1,500 MW, culminated in a reverse auction held on December 27, 2023. The initial L1 tariff was set low at INR 3.35 per kilowatt-hour […]

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ACME Group Appoints Ashish Tiwari as COO, Wind & Solar

Ashish Tiwari has joined ACME Group as the COO (Wind & Solar). In the new role, Ashish will play a pivotal role in driving the firm’s growth and ensuring operational excellence. Ashish said about his appointment, “I have joined ACME to be part of a successful journey to achieve GW of RE. To continue with […]

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