ACME Solar enters deal with Brookfield Renewable for solar project

23 Jun 2021 CW Team

ACME Solar Holdings Ltd roped in Brookfield Renewable for setting up a joint solar project of 450 MW in Rajasthan to sell its equity stakes in the project.

ACME is India's leading solar IIP. On Tuesday, it announced the closure of the deal with Brookfield Renewable to build a 450 MW solar project in Rajasthan, India's largest pure-play solar platform, said in a statement.

State-owned fund of Denmark—IFU and UN office for project services S3i acquired 39% and 10% stake respectively, in ACME's 250 MW solar project in Rajasthan. Norway's Scatec is also an equal partner in another 900 MW ACME solar project in Rajasthan. It had earlier sold two solar projects, one of 400 MW to Actis Long Life Infrastructure Fund and a 100 MW solar project to Petroliam Nasional Bhd owned Amplus.

According to a statement by Maharashtra State Electricity Board, the solar project includes a 25 years power purchase agreement (PPA) with Maharashtra State Electricity Distribution Company Ltd (MSEDCL).

ACME Solar is seeking new opportunities in the energy storage, green hydrogen, and ammonia sector. ACME plans to produce green hydrogen in India and Europe with the Lhyfe Labs SAS in France. Oman's Tatweer and ACME Solar plans to invest $2.5 billion in the production of green hydrogen and ammonia.

Image Source

Also read: Tata Motors, Tata Power inaugurate largest solar carport in India

Also read: India’s open access solar installations in Q1 2021 at 419 MW

Infrastructure Urban

10 Mar 2026

ABB to Invest Rs 6.25 Billion to Expand India Manufacturing

ABB recently announced plans to invest approximately Rs 6.25 billion ($75 million) in India during 2026 to expand its manufacturing footprint and research and development capabilities. The investment follows more than $35 million spent in 2025 and reflects the company’s continued focus on strengthening its ‘local-for-local’ strategy in the country.The investment will support ABB’s Electrification, Motion and Automation businesses and expand manufacturing capacity for infrastructure sectors such as renewable energy, metro rail, data centres and industrial applications. Approximately 300..

Six WOLFF Cranes Handle 60,000 m³ Concrete for German Hospital

Six WOLFF tower cranes are playing a key role in constructing a new hospital complex in Memmingen, Germany, supporting large-scale material handling for the project. The facility is being built on a 7.7-hectare site and will feature six floors, around 480 beds and a gross floor area exceeding 75,000 sq m.Building shell works began recently in February 2025. One WOLFF 6531.12 Cross crane supported early site preparation before being dismantled in autumn 2025, while five remaining cranes continue operations. Over an average deployment period of 16 months, the cranes are expected to move approxim..

REC Funds Rs 115.6 Million CSR Support for Bihar Eye Hospital

REC recently committed Rs 115.6 million under its Corporate Social Responsibility (CSR) programme for the procurement of clinical and non-clinical equipment at Sankara Eye Hospital in Saharsa, Bihar. The initiative aims to strengthen healthcare infrastructure and improve access to specialised eye care services in the region.A Memorandum of Agreement (MoA) was recently signed between Pradeep Fellows, Executive Director (CSR), REC Limited, and Wg Cdr V. Shankar (Retd), Trustee and Executive Director of Sankara Eye Hospital, at the REC office in the SCOPE Complex, New Delhi.The support is expecte..