Home Energy assets Ayana Renewable acquires 250 MW of solar assets from ACME in Rajasthan

Ayana Renewable acquires 250 MW of solar assets from ACME in Rajasthan

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Strong points :

  • Ayana acquired the ACME plant in Jodhpur, which is connected to the interstate transmission system and supplies power to MSEDCL under a long-term PPA.
  • With this transaction, Ayana, controlled by NIIF, would now develop and manage nearly 3 GWac of renewable energy.

ACME Solar Holdings Private Ltd will sell 100% of the capital of its 250 MWac solar photovoltaic plants, located in Rajasthan, to the renewable energy platform based in Bengaluru Ayana Renewable Power Private Ltd, following the signing of a new agreement between the two companies.

With this transaction with ACME, Ayana, which is majority controlled by the National Investment and Infrastructure Fund (NIIF), would now develop and manage nearly 3 GWac of renewable energy.

Ayana acquired the renewable solar power plant located in Jodhpur, India, as part of its strategic mission to increase renewable energy production in the country. The plant is connected to the interstate transmission system and supplies power to Maharashtra State Electricity Distribution Company Ltd (MSEDCL) under a long-term power purchase agreement (PPA). This is in addition to Ayana’s high-quality portfolio of renewable energy assets, organically and inorganically constructed to create value for its stakeholders, the company said.

At the same time, ACME has finalized another strategic divestiture of its operating solar asset to unlock value from long-lived assets, ACME said. The Group provides innovative green energy and energy management solutions for passive telecommunications infrastructure and has a cumulative capacity of over 5,500+ MWp of solar PV projects across India.

Mr. Shivanand Nimbargi, MD and CEO of Ayana, commented, “We are delighted to complete the transaction and add 250 MW solar capacity to our portfolio. In line with our aspiration to become India’s premier renewable energy player, we will continue to seek large-scale acquisition opportunities over the coming years.

Ayana says her strategic goals are aligned with the United Nations Sustainable Development Goals of providing affordable and clean energy, creating economic opportunities through growth and climate action. The company is committed to supporting local communities living and working on its development sites, reducing global carbon emissions to zero by 2070, strengthening green energy capacities, decarbonizing the energy mix away from coal and supporting job creation to facilitate India’s long-term economic growth. development.


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