ACME Solar to sell 50% stake in 900 Mw solar plant to Norway’s Scatec
Norwegian renewable major Scatec has entered an agreement with Gurgaon-based ACME Solar to pick up a 50 per cent stake in the latter’s 900-Mw solar power plant in Rajasthan. ACME had won this project at a record low tariff of Rs 2.44 per unit in 2018.
In a public statement, Scatec said it has entered a partnership with ACME, to realise a 900-Mw solar power plant in the state of Rajasthan, India. The project holds a 25-year PPA with Solar Energy Corporation of India (SECI).
“The country is targeting a significant growth in renewable energy capacity by 2030 and is a key growth market for renewables. We have already established a presence on the ground and are positioning for future tenders within solar, wind and hybrids”, said Raymond Carlsen, CEO of Scatec.
