Monday, December 09, 2013: EDF Energies Nouvelles (EDF EN), which is the renewable energy arm of France’s state electricity utility, Electricite de France SA, along with EREN, the natural resources saving group have reportedly acquired 25 per cent stake each in ACME Solar Energy. Together, they will be setting up large scale solar projects in India.
As per a statement released from the company, ACME Cleantech is in the process of developing a 25MW project in Madhya Pradesh and another 25MW in Odisha. This joint venture will be setting up an initial portfolio of 200MW of solar power projects in phases.
EDF EN will give ACME Solar access to EDF EN’s proven engineering expertise, leading technology partners and its R&D facility in France, where EDF EN and ACME Solar will be jointly conducting research as how to lower the costs of solar power generation, TOI reported.
With this partnership, EDF EN and EREN have made their entry in India. The former is a market leader in Europe and North America and latter is an active solar and wind energy player in France, Greece, Italy and Israel.
