ACME Solar to sell 50% stake in 900 Mw solar plant to Norway's Scatec

Scatec enters in partnership, ACME had quoted record low tariff of Rs 2.44 a unit for the project

Norwegian renewable major Scatec has entered an agreement with Gurgaon-based ACME Solar to pick up a 50 per cent stake in the latter's 900-Mw solar power plant in Rajasthan. ACME had won this project at a record low tariff of Rs 2.44 per unit in 2018.

In a public statement, Scatec said it has entered a partnership with ACME, to realise a 900-Mw solar power plant in the state of Rajasthan, India. The project holds a 25-year PPA with Solar Energy Corporation of India (SECI).

“The country is targeting a significant growth in renewable energy capacity by 2030 and is