Acme Solar Seeks 1 GW Renewable Energy Projects

28 Jan 2025 CW Team

Acme Solar Holdings is actively seeking to acquire 1 GW of renewable energy projects with land and grid connectivity to swiftly expand its operational portfolio, according to CEO Nikhil Dhingra.

He explained that acquiring portfolios with a focus on shovel-ready solar and wind projects would help accelerate the implementation of their target capacity, with a particular focus on mergers and acquisitions (M&A).

Acme Solar Holdings currently operates assets totalling 2.5 GW and has an under-construction portfolio of 4.4 GW, as confirmed by Dhingra.

He highlighted that the major challenges in scaling renewable energy projects are securing land and grid connectivity, which require significant time and resources. Acquiring projects with both land and grid connectivity is more beneficial for the acquirer compared to those with fully developed capacity, as it offers greater value.

For well-capitalised companies with power purchase agreements (PPAs) in place, acquiring these projects will speed up revenue generation through quicker project implementation, Dhingra added. His company went public last November with a Rs 2,900-crore initial public offering, including a Rs 2,395-crore fresh issue.

State-owned NTPC and Oil and Natural Gas Corporation (ONGC) are also looking to acquire projects with land and grid connectivity to rapidly scale up their renewable energy operations.

Dhingra further mentioned that the government’s mandate to use domestically manufactured cells in solar modules from June 2026 would likely increase module costs, raising power tariffs in future auctions. However, this would not affect Acme Solar’s 4.4 GW ongoing portfolio.

Infrastructure Urban

06 Apr 2026

CFI Appoints New National Council for FY27 and FY28

The Construction Federation of India (CFI) has announced its newly elected National Council and office bearers for a two-year term covering FY27 and FY28. M. V. Satish, Advisor to CMD and Lead Ambassador for Middle East, L&T, has been elected President; Priti Patel, Chief Strategy & Growth Officer, Tata Projects, has been appointed Vice President; and Ajit Bhate, Managing Director, Precast India Infrastructures, has taken charge as Treasurer.The newly formed National Council brings together senior leaders from major EPC and infrastructure companies, reflecting CFI’s continued focus o..

India REIT Market Gains Momentum with Strong Returns

India’s Real Estate Investment Trust (REIT) market is witnessing strong growth, emerging as a competitive investment avenue both domestically and across Asia. According to a recent ANAROCK report released at EXCELERATE 2026 by NAREDCO Maharashtra NextGen, the sector is evolving into a mature asset class driven by solid fundamentals, regulatory backing and rising investor confidence.The introduction of Small and Medium REITs (SM REITs) in 2025 has further widened access through fractional ownership, unlocking a potential monetisation opportunity of Rs 670–710 billion. Indian REITs have deli..

G R Infraprojects Secures Rs 4,130 Million BESS Contract From NTPC

G R Infraprojects said it has secured a contract from NTPC to supply and implement a battery energy storage system (BESS) valued at Rs 4,130 million (mn). The company reported the order was awarded as part of NTPC's ongoing efforts to enhance grid flexibility and energy storage capacity. The contract represents a notable addition to the firm's project pipeline and underscores demand for utility scale storage solutions. The award is expected to strengthen G R Infraprojects' presence in the energy infrastructure sector and to contribute to the firm's order book and future revenues, subject to st..