ACME Solar appoints Barclays, JPMorgan for private InvIT

ACME Solar appoints Barclays, JPMorgan for private InvIT

Renewable energy company ACME Solar Holdings Ltd has hired two investment banks as the company looks to start work on its proposed infrastructure investment trust (InvIT) amid a prolonged delay in a planned initial public offering (IPO)

Acme Solar cuts IPO size to Rs 10 bn-Rs15 bn

Acme Solar cuts IPO size to Rs 10 bn-Rs15 bn

Indian renewable energy company Acme Solar Holdings has downsized its proposed IPOto Rs10bn-Rs15bn (US$147m-$219m) from Rs22bn as it plans to sell some of its assets, people with knowledge of the transaction have said.

Setting New Benchmarks, India’s Rewa Solar Park Bidding Achieves A Record Low of Rs 2.97 a unit

The three companies submitted the lowest bids from a lot of 20 bidders, both national and international, who had initially submitted their proposals to develop the Rewa solar park in Madhya Pradesh. The bids had closed on January 23.

Setting New Benchmarks, India’s Rewa Solar Park Bidding Achieves A Record Low of Rs 2.97 a unit

The reverse bidding process for the Rewa solar park in Madhya Pradesh saw record first year low tariffs by the bidding companies. While Mahindra emerged the successful bidder for Unit-1 and submitted the lowest first year tariff at Rs 2.979 a unit, Acme Solar bid further low for the second unit of Rewa at Rs 2.970 a unit and Solenberg bid the lowest first year tariff of Rs 2.974 for the third unit of Rewa.