ACME Solar's Arm Secures 150 MW Deal

22 Oct 2024 CW Team

ACME Solar Holdings' subsidiary has signed a power purchase agreement (PPA) to supply electricity generated from its 150 MW hybrid solar project. This hybrid project combines both solar and wind energy, reflecting ACME Solar’s ongoing commitment to expanding renewable energy production in India. The agreement underlines the growing importance of hybrid renewable solutions to ensure a stable and sustainable power supply, which leverages both solar and wind capacities to balance generation fluctuations.

ACME Solar, one of India’s leading renewable energy companies, aims to contribute significantly to the country's clean energy goals. The hybrid project is part of India's broader mission to transition to green energy by maximizing the potential of renewables in both rural and urban grids. This 150 MW project will help meet growing energy demands while reducing carbon emissions, supporting India’s move towards a more sustainable energy future.

By integrating wind and solar power, the project is expected to optimize energy generation during different times of the day and weather conditions. Hybrid projects are increasingly seen as a solution to address variability in renewable energy supply. This project also aligns with the government’s goal of achieving 500 GW of installed renewable energy capacity by 2030, further supporting India’s National Solar Mission.

ACME Solar's latest deal reflects the rising investor and corporate interest in clean energy initiatives, and it highlights the pivotal role of such projects in India’s green energy transition. As renewable technologies advance, hybrid solutions like this will become essential in ensuring a reliable and efficient energy supply across the country.

Real Estate

17 Sep 2025

RBI Buys 4.16-Acre Nariman Point Land for Rs 34.72bn

In one of the largest real estate transactions in recent years, the Reserve Bank of India (RBI) has acquired a 4.16-acre land parcel at Nariman Point, Mumbai, from the Mumbai Metro Rail Corporation (MMRC) for Rs 34.72 billion. The deal, registered on 5 September, attracted a stamp duty of Rs 2.08 billion, according to CRE Matrix, a real estate data analytics firm.The prime property, located near the backbay reclamation area, lies in the heart of Nariman Point—one of Mumbai’s most prestigious commercial districts. Flanked by Marine Drive, Mantralaya, consulates, and landmark office towers, ..

Indian Real Estate Draws $80bn in 15 Years, 57 per cent from Foreigners

India’s real estate sector has attracted nearly $80 billion in institutional investments over the past 15 years, with foreign investors contributing 57 per cent, according to a joint report by CREDAI and Colliers India.The report, Indian Real Estate: Fostering Equity and Fuelling Economic Growth, was released during CREDAI’s annual event, NATCON. CREDAI, the apex body representing more than 13,000 developers, highlighted the significant growth in institutional inflows, which include family offices, foreign corporate groups, foreign banks, pension funds, private equity, listed REITs, sovere..

Indian REITs Offer 6-7.5 per cent Yield, Surpassing Many Global Markets

Indian Real Estate Investment Trusts (REITs) are delivering average yields of 6–7.5 per cent for unitholders, outperforming many mature markets, including the US, according to a report by Credai and Anarock.Credai, the apex body of Indian real estate developers, and property consultant Anarock released the report Indian REITs – A Gateway to Institutional Real Estate at an event in India.Currently, India has five listed REITs – Brookfield India Real Estate Trust, Embassy Office Parks REIT, Mindspace Business Parks REIT, Nexus Select Trust, and Knowledge Realty Trust. Nexus Select Trust pr..