ACME Solar Wins Bids for 100 MW at JNNSM Phase-II

NEW DELHI, March 13, 2014 /PRNewswire/ --

Largest Developer in Open Category

ACME Solar, the leading solar power player in India, announced that it has been selected as solar power developer for 100 MW solar PV power projects during the financial bids opening for JNNSM Phase-II held at SECI. ACME Solar has received one of the largest shares of the projects.

Commenting on the occasion, Mr. Manoj Kumar Upadhyay, Chairman, ACME Solar said, "The success of the phase II of JNNSM is a momentous occasion for all stakeholders in achieving the goal of clean and green energy. We thank the Solar Energy Corporation of India and look 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. Also, emergence of ACME Solar in the bid has further strengthened our position as the leading solar power producer in the country."

ACME Solar is a three-way joint venture between ACME Cleantech Solutions Limited, EDF Energies Nouvelles (EDF EN), the renewable energy arm of French state-run electricity utility Électricité de France S.A., and Luxembourg-based natural resources saving group EREN.

The joint venture has a portfolio of 150 MW including JNNSM Phase II Projects and is on the way to have solar power generation portfolio of 1000 MW by the year 2017.

About ACME Group:

The ACME Group is a leader in the field of energy management and innovative solutions for the wireless telecommunications and alternate energy sector. It prides itself as a pioneer in the development of green technology solutions that are environment friendly, energy efficient and cost effective, and also capable of delivering a quick return on investment. The ACME group is a result of the vision and commitment of its founder, Mr. Manoj Kumar Upadhyay. He sought to realize this goal by providing radically new technology solutions through intensive research and development instead of making incremental changes to existing technologies. The establishment of ACME Cleantech Solutions Ltd. (formerly ACME Tele Power Limited) in 2003 was the first step towards realization of this dream.

Today ACME products are installed over 1, 50, 000 telecom sites across the globe. ACME products help in significant carbon emission savings.

ACME has enabled telecom expansion to farthest as well as most interior and hitherto unconnected regions of India while reducing carbon emissions from the telecom site as well. The company today enjoys an international presence, through its own establishments, channel partners, and associates.

About EDF Energies Nouvelles:

Operating in Europe and North America, EDF Energies Nouvelles is a market leader in green electricity production, with a portfolio of 6,661 MW of gross installed capacity. With a development focused on wind and solar photovoltaic energy, the company recently entered new promising markets: Israel, Morocco, South Africa and Poland, and is expanding its business in offshore wind energy. The company is also present in other segments of the renewable energy market: marine energy, biogas, biomass and small hydro as well as in distributed energies. EDF EN manages renewable energy projects' development and construction as well as operation and maintenance for its own account and for third parties. EDF Energies Nouvelles is a subsidiary of the EDF Group and its renewable energy arm. For more information, please visit: http://www.edf-energies-nouvelles.com/

About EREN:

Founded in 2012 by Pâris Mouratoglou and David Corchia, EREN is the first group dedicated to saving natural resources. Through its various subsidiaries, EREN designs, manufactures and owns equipment allowing its customers and partners to rationalize their consumption of energy resources and other natural resources. EREN is also active in the field of wind and solar renewable energies (in France, Greece, Italy and Israel).

Primary Media Contact: Anuj Bakshi, 91-9711306879

Secondary Media Contact: Manoj Sharma, [email protected], 91-9811135420