{"id":418680,"date":"2021-06-04T11:32:58","date_gmt":"2021-06-04T06:02:58","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=418680"},"modified":"2021-06-04T11:32:58","modified_gmt":"2021-06-04T06:02:58","slug":"norways-scatec-buys-50-in-acmes-900-mw-solar-project-in-rajasthan","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/norways-scatec-buys-50-in-acmes-900-mw-solar-project-in-rajasthan\/","title":{"rendered":"Norway\u2019s Scatec buys 50% in Acme\u2019s 900-MW solar project in Rajasthan"},"content":{"rendered":"<p>Norwegian renewables player Scatec said on Thursday that it has signed an agreement with domestic firm Acme Solar for a 50% stake in the latter\u2019s upcoming 900 mega-watt (MW) power generation assets in Rajasthan. Though the financial details of the deal were not disclosed, Scatec said in a statement that \u201cthe project has an estimated total capex of $400 million (around `2,921 crore), with 75% debt financing from an Indian state-owned lender\u201d.<\/p>\n<p>Acme will be the turn-key engineering, procurement and construction provider with scheduled completion in 2022, the statement added. The deal marks Scatec\u2019s foray in India\u2019s renewable energy space and expects the country \u201cto be a key market in the years to come\u201d.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Norwegian renewables player Scatec said on Thursday that it has signed an agreement with domestic firm Acme Solar for a 50% stake in the latter\u2019s upcoming 900 mega-watt (MW) power generation assets in Rajasthan. Though the financial details of the deal were not disclosed, Scatec said in a statement that \u201cthe project has an estimated total capex of $400 million (around `2,921 crore), with 75% debt financing from an Indian state-owned lender\u201d. Acme will be the turn-key engineering, procurement and construction provider with scheduled completion in 2022, the statement added. The deal marks Scatec\u2019s foray in India\u2019s renewable energy space [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,240,138],"tags":[],"class_list":["post-418680","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/418680","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=418680"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/418680\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=418680"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=418680"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=418680"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}