US-based American Capital Energy and MSM Energy will soon announce a solar energy joint-venture for engineering, procurement and construction of projects in India.
America's leading solar company, American Capital Energy (ACE), and MSM Energy (MSME), a leader in information technology and solar energy development, are set to announce a solar energy joint-venture based in India, a company statement said.
The new entity will immediately begin providing photovoltaic (PV) solar engineering, procurement and construction (EPC) to the Indian market, it said.
"The time is right for the world to adopt the clean and renewable energy source as the major electricity producer," ACE President and CEO Tom Hunton said.
The Indian government had announced the Solar Mission under the National Action Plan on Climate Change in November, 2009, with the goal to generate 1,000 Mw of solar power by 2013 and 20,000 Mw by 2020.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app