These players had bid for projects under the first batch of the second phase of ambitious Jawaharlal Nehru National Solar Mission (JNNSM).
SEI as well as Azure Power India have bagged projects of about 100 MW each, while ACME Solar would develop 80 MW solar capacity under this programme.
Indicating strong interest, bids for 2,170 MW solar capacity were received as against the 750 MW capacity on offer under the second phase.
In a statement, ACME Solar said it has been selected as developer for 80 MW solar PV projects. The firm has emerged as the largest developer in the open category.
ACME Solar Chairman Manoj Kumar Upadhyay said the success of JNNSM'S second phase is a momentous occasion for all stakeholders in achieving the goal of clean and green energy.
He said the company looks forward to support from all stakeholders to help "us actively contribute" in achieving the target of generating 22,000 MW solar power by year 2022.
As many as 63 companies were eligible to make financial bids under the second phase after they cleared the techno- commercial evaluation stage.
Solar Energy Corporation of India, under the Ministry of New and Renewable Energy, is the nodal agency for the second phase of JNNSM.
Earlier this month, the US challenged the mandatory use of domestic equipment for projects under India's solar mission.
It alleged that the requirement was discriminatory and against international norms, including World Trade Organisation (WTO) laws, and affects US solar panel manufacturers.
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
