Oman, ACME to Build Green H2 & Ammonia Project

Oman, the oldest independent state in the Arab world, has signed a land reservation agreement for a green hydrogen and ammonia project that Indian renewable energy company ACME aims to set up in the Special Economic Zone at Duqm. The announcement was made by Oman’s state news agency through Twitter recently. According to its Second […]

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UNOPS S3i, IFU & ACME Co-invest in 250 MW Solar Park in Rajasthan

An announcement revealed yesterday that Denmark’s state-owned fund IFU and United Nations Office for Project Services’ S3i have acquired 39% and 10% stake respectively in Acme Solar Holdings Ltd’s 250 MW solar project in Rajasthan. Acme Solar, a leading Solar IPP in India, holds the majority 51% stake in the project, which has a total […]

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SECI Disburses Rs 10.3 Cr in GST Claims to 6 SPDs in May Payments

SECI has detailed that it has reimbursed six firms or SPDs (across their multiple subsidiary SPVs) for GST claims to the tune of Rs 10.35 crore. The Solar Energy Corporation of India (SECI), the nodal agency for implementing renewable energy projects in the country recently published a list of all the payments (solar/ wind power […]

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CERC Brings Relief on Safeguard Duty for ACME Solar and Arisun

CERC has provided compensatory relief for ACME and Arisun after accepting their plea to consider the imposition of the safeguard duty as “Change in Law”. The Central Electricity Regulatory Commission (CERC) has in its latest order, provided compensatory relief for ACME Jaipur Solar and Arisun Clean Energy after accepting their plea to consider the imposition […]

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Acme and Adani Make the World’s Top 10 Solar PV Asset Owners List

According to Wood Mackenzie’s inaugural global solar asset ownership ranking, ACME and Adani have made the cut for the world’s top 10 According to Wood Mackenzie’s inaugural global solar photovoltaic (PV) asset ownership ranking (excluding China), the world’s top 10 solar PV asset owners now hold over 22 gigawatts (GW) of cumulative solar capacity. Collectively, […]

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Petitions by SPDs to Consider GST as Change in Law Accepted

The CERC with its latest order has provided some relief to solar developers in a matter of GST compensation. The Central Electricity Regulatory Commission (CERC), hearing on the matter raised by local solar project developers, has issued an order accepting the Goods and Services Tax (GST) as a change in the law in case of […]

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SECI Cancels Solar Bids for 2,400 MW Projects

ACME is the only developer that was allotted the 600 MW SECI solar project which had quoted lowest tariff of Rs. 2.44 per unit. Solar Energy Corporation of India (SECI) has cancelled the allotment of 2400 MW of auctioned solar projects after the auction of 3000 MW of solar projects held on July 13. While […]

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Orissa HC Issues Stay Order on Safeguard Duty on Solar Imports until August 20

The move came after the Directorate General of Trade Restrictions (DGTR) had recommended, last week, that safeguard duty on solar imports from China and Malaysia should be imposed for 2 years in a phased manner i.e. 25 percent for the first year, 20 percent for the first six months of the second year, and 15 […]

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ACME, NHPC, Bihar-Based Startup Get SIPB Clearance for Solar Projects

ACME Group through its two arms ACME Nalanda Solar Power and ACME Magadh Solar Power to set up 15 MW and 10 MW solar projects respectively in Kakwara village of Banka, Bihar with an aggregate investment of about Rs 188.76 crore. In a move to boost solar power generation in Bihar, the State Investment Promotion […]

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