Acme Solar Mulls Putting 650 MW Of Capacity Up For Sale


Acme Solar Mulls Putting 650 MW Of Capacity Up For Sale

Acme Solar, which had bid aggressively to push solar tariffs in India to record lows, is considering putting 650 megawatts of capacity on the block, as it weighs various options for the future, multiple people aware of development said.

Acme has won the contract for developing 200 MW at the Bhadla solar project with a historic low tariff of `2.44/unit till now in India, the company said in a recent statement issued on completion of the said project.

Recently, the Solar Energy Corporation of India, which is implementing the National Solar Mission, partially cancelled bids received for 2,400 MW capacity in a 3,000 MW tender, citing high tariffs quoted by developers including ReNew Power and Soft-Bank-led SB Energy. Only bids received by Acme Solar were retained as the company quoted a tariff of `2.44 per unit. Read more

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