Acme, Inox Mull Exit From India Clean Energy Projects Won At Low Tariffs

Acme, Inox Mull Exit From India Clean Energy Projects Won At Low Tariffs

Acme Group and Inox Group that bid the country’s lowest solar and wind tariffs respectively this year now plan to exit the projects, said several people aware of the development.

Inox Wind Infrastructure Services Ltd bid Rs3.46 per kilowatt-hour (kWh) to win a 250 megawatt (MW) wind power contract in a 1 gigawatt (GW) tender by state-run Solar Energy Corporation of India (SECI) in February. Acme Solar Holdings Pvt. Ltd placed a winning bid of Rs2.44 per kWh in May to set up 200MW capacity at the Bhadla solar park in Rajasthan in another auction also conducted by SECI.

The National Democratic Alliance (NDA) government has set up an ambitious clean energy target of 175GW by 2022. Of this, 100GW is to come from solar projects and 60GW from wind. Read More…

Credit By : Deal Street Asia

Leave a Reply

Your email address will not be published.