{"id":418610,"date":"2021-06-04T10:21:39","date_gmt":"2021-06-04T04:51:39","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=418610"},"modified":"2021-06-04T10:36:26","modified_gmt":"2021-06-04T05:06:26","slug":"scatec-buys-acme-units-stake","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/scatec-buys-acme-units-stake\/","title":{"rendered":"Scatec buys Acme unit\u2019s stake"},"content":{"rendered":"<p>New Delhi: Attracted by India\u2019 green economy, Norway\u2019s Scatec has become an equal partner in Acme Solar Holdings Ltd for setting up a 900 megawatt (MW) solar project in Rajasthan.<\/p>\n<p>This sale from India\u2019s largest pure-play solar platform comes in the backdrop of India\u2019s low solar power tariffs and the global energy landscape\u2019s focus on Environmental, Social and Governance (ESG) investing. <\/p>\n<p>According to a joint announcement by the firms on Thursday, the project will require an investment of around $400 million, with 75% of the debt to be financed by a state-owned lender. The project to be commissioned by 2022 has a 25-year power purchase agreement with state run Solar Energy Corporation of India (SECI).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi: Attracted by India\u2019 green economy, Norway\u2019s Scatec has become an equal partner in Acme Solar Holdings Ltd for setting up a 900 megawatt (MW) solar project in Rajasthan. This sale from India\u2019s largest pure-play solar platform comes in the backdrop of India\u2019s low solar power tariffs and the global energy landscape\u2019s focus on Environmental, Social and Governance (ESG) investing. According to a joint announcement by the firms on Thursday, the project will require an investment of around $400 million, with 75% of the debt to be financed by a state-owned lender. The project to be commissioned by 2022 [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,237],"tags":[],"class_list":["post-418610","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-power-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/418610","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=418610"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/418610\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=418610"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=418610"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=418610"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}