ACME to partner EDF Energies Nouvelles and EREN

NEW DELHI, INDIA & PARIS, FRANCE: ACME Cleantech Solutions Ltd, an integrated energy generation, management and conservation company, will partner French renewable energy major EDF Energies Nouvelles and EREN, the first group dedicated to saving natural resources, for Indian subcontinent.

EDF Energies Nouvelles, the renewable energy arm of French state-run electricity utility Électricité de France S.A., and EREN, founded in 2012 by PârisMouratoglou and David Corchia, will each acquire 25 percent in ACME Solar Energy Pvt Ltd (ACME Solar) and will set up large scale solar power projects in India.

ACME Solar, will thus be a joint venture between ACME Cleantech, EDF Energies Nouvelles and EREN. ACME Cleantech, with a current capacity of 17.5 MW of solar generation, is committed to creating credible solutions for the growth of the solar sector in India and thus, expects to be at the forefront of the solar revolution in the country.

ACME Solar is committed to setting up large grid - connected solar power plants across India, with the aim to deliver continuous power across India. ACME Solar is currently developing a 25MW project in Madhya Pradesh and another 25 MW in Odisha.

The joint venture plans to set up an initial portfolio of 200 MW of solar power projects in various phases.