ACME Solar

SC Upholds Safeguard Duty on Solar Imports

If the petition by ACME Solar Holdings is upheld in Supreme Court, the safeguard duty collected from the importers will be refunded. Adding to the joy of Indian solar manufacturers and woes of solar developers, Supreme Court (SC), on being approached by Government of India, has stayed the Orissa High Court’s interim order restricting safeguard […]

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IL&FS Violates Metering Norms at Solar Plants of SoftBank Energy and ACME Solar  

IL&FS has been found violating the metering norms in the solar power plants set up by SoftBank Energy (SB Energy)and ACME Solar in Rajasthan’s Bhadla solar park. Rajasthan Urja Vikas Nigam (RUVNL), under the gross violation of metering norms by IL&FS, has ordered the constitution of a committee to look into the matter. Solar power […]

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Orissa HC Hearing on ‘Solar Safeguard Duty Case’ on Sept’ 19

The new hearing date manifestly shows that the safeguard duty is yet to be implemented on the solar imports from China and Malaysia. Nearing the safeguard duty verdict, Orissa High Court has set September 19th, 2018 as the next date for the hearing of ‘Safeguard Duty on Solar Imports Case’. Coming as a historic wrestle […]

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One Rupee Increase in Tariffs in Latest Solar Auction

The latest solar auction for 1000 MW held by the Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) saw the winning tariffs at Rs 3.48-3.55 per unit. From the record low of Rs 2.44 per unit, the solar power tariffs have risen by more than one rupee in the latest auction. Those from the industry say […]

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India’s Utility Solar Capacity Grows 72% in 2017-18, says Bridge To India Report

The total solar installation was 10.4 GW, the rest comprising rooftop solar plants and off-grid solutions, taking India’s cumulative solar capacity to 24.4 GW, it said. Solar consultancy firm Bridge To India in its latest annual report on the sector said that India’s utility solar capacity grew by a whopping 72 percent in FY18 as […]

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India Won’t Impose Safeguard Duty on Imported Solar Equipment

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 […]

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No Payment for Solar Power Producers if No Land Title in Karnataka

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 […]

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ACME Secures 250 MW Solar PV Project under MSEDCL’s 1,000 MW Bid

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 […]

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