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India & EU JV ACME Solar wins 100MW PV power projects in JNNSM

Joint venture firm ACME Solar is selected as developer for 100MW PV power projects in India during financial bids opening for JNNSM Phase-II

PV power production
JV ACME Solar said winning the bid had further strengthened its position as the leading PV power producer in India

Indian and EU joint venture (JV) ACME Solar has been selected as the developer for 100MW PV power projects in the BRIC country, reports have revealed. ACME Solar, which is a JV across companies in India and Europe, was chosen as the developer for the PV power projects during the financial bids opening for Jawaharlal Nehru National Solar Mission (JNNSM) Phase-II. ACME Solar has received one of the largest shares of the PV projects, according to reports.

The bids opening for JNNSM Phase-II was held at the Solar Energy Corporation of India. India’s Economic Times reports ACME Solar chairman Manoj Kumar Upadhyay, said “the success of the phase II of JNNSM is a momentous occasion for all stakeholders in achieving the goal of clean and green energy.”

Upadhyay thanked the Solar Energy Corporation of India and said he looked forward to support from all stakeholders to help “actively contribute in achieving the target of generating 22,000MW of solar power by 2022."

He added ACME Solar in the bid had further strengthened its position as the leading solar power producer in India. 

ACME Solar is a three-way JV between ACME Cleantech Solutions Ltd, EDF Energies Nouvelles (EDF EN), the renewable energy arm of French state-run electricity utility Electricite de France S.A, and Luxembourg-based natural resources saving group EREN.  

The JV, which was set up in December 2013, has a portfolio of 150MW, including JNNSM Phase II PV power projects. The company is on course to have a solar power generation portfolio totalling 1000MW by 2017.

The news from ACME Solar follows the Indian and EU joint venture firm starting operation of a 25MW PV power plant in Madhya Pradesh in February this year.

Upadhyay said, at the time: “With partners like EDF EN and EREN, ACME Solar will be at the forefront of serving the nation through higher uptake of renewable energy in the country.”