Acme Solar looking to sell 4.84 GW of solar projects

In what may rank among the largest green energy deals in India, Acme Solar Holdings Ltd. is looking to sell 4.84 gigawatt (GW) of solar projects, said three people aware of the development.

This assets sale process from India’s largest pure-play solar platform is being run by Cantor Fitzgerald (Hong Kong) Capital Markets Ltd and comes in the backdrop of resumption of deal activity in India’s green energy space, home to the world’s largest clean energy programme.

An Acme Solar spokesperson in an emailed response said, “Below information is not correct,” and added, “Our core strength is developing and constructing high quality solar assets and we will continue to do so. We don’t intend to sell any of our under construction assets.”

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