Acme partners with Norfound to invest in renewable energy projects

Norwegian investment fund Norfund and India's Acme Group have entered into a partnership to invest in the creation of brand new, greenfield renewable energy projects in India. Both partners concluded a framework agreement for co-investments.

The Norwegian government owns the Norwegian Investment Fund for Developing Countries, which largely invests in the clean energy industry. It makes investments in debt and/or shares, always in a lower financial position than its partners. Acme Group, one of India's top renewable energy developers, has projects in 12 states.

Manoj Upadhyay, founder and chairman of Acme Group, said: "Both partners will invest in potential projects in the renewable sector that would help the country achieve sustainable development and create jobs."

Mark Davis, executive vice president-Clean Energy, Norfund, stated: "ACME's proven track record of being able to deliver large-scale renewables makes the company an ideal partner for Norfund in our efforts to contribute to avoiding carbon emissions by investing in the energy transition in India."

Recent equity investments by Norfund of INR 500 crore ($61.3 million) were made in Punjab-based SAEL, which has created biomass power generation as an alternative to stubble burning. It has also acquired a 49% share in a 420 MW DC (300 MW AC) solar facility being constructed in India along with Norwegian pension fund KLP. This solar power facility is being built in Rajasthan's Bikaner District by the Italian company Enel Green Power.

Renewable Energy - Related Products

All Categories Alexa Skills Amazon Devices Amazon Fashion Amazon Fresh Appliances Apps & Games Baby Beauty Books Car & Motorbike Clothing & Accessories Collectibles Computers & Accessories Deals Electronics Furniture Garden & Outdoors Gift Cards Grocery & Gourmet Foods Health & Personal Care Home & Kitchen Industrial & Scientific Jewellery Kindle Store Luggage & Bags Luxury Beauty Movies & TV Shows Music Musical Instruments Office Products Pet Supplies Prime Video Shoes & Handbags Software Sports, Fitness & Outdoors Subscribe & Save Tools & Home Improvement Toys & Games Under 500 Video Games Watches

Search

Amazon Brands

Bestsellers

Bioenergy

Geothermal Energy

Hydropower

Renewable Media

Solar Energy

Wind Power

by Suncorp

Sun Corp 100 Watt Solar Panel Solar Plate by Vedansh Infra Energy Pvt Ltd

Price: View At Amazon

by REES52

REES52 DIY Assembled Toys Wind Power car Model,Scientific Experiment Green Energy Removable Windmill Plane Toy for Kids

Price: 599 1800

You Save: -67%

by Green Lantern Energy

Green Lantern Energy Polycrystalline 260W Solar Panel

Price: View At Amazon

by Nexus Solar Energy

Nexus 580W N Type Half-Cut Bifacial Solar Panel 24V (Pack of 2)

Price: View At Amazon

by 1

DIY Car, Wind Power Car, DIY Electric Car Model DIY Wind Power Car, Kids for Children

Price: 2659 5299

You Save: -50%

by MERISHOPP

MERISHOPP 5V6A Solar Panel Mobile Phone 12V Battery Charger Boat RV Outdoor 30A Monocrystalline Silicon Battery Home Improvement | Electrical & Solar | Alternative & Solar Energy | Solar Panels

Price: 7597 12914

You Save: -41%

by Adium

Wind Generator, 3Pcs 580MM Automatically Adjustable Windward, Human-Friendly Design, Wind-Mill Generator, for Generate Electricity Power Generation(12V)'

Price: 68810 137620

You Save: -50%

by THE MARS

Wind Power Generator, Wind Generator, Compact High Efficiency General Purpose Professional Use for Industry Generator(12V Motor)'

Price: 30310 60620

You Save: -50%

by StepsToDo

StepsToDo Solar Power Science Kit. Multiple Conversion of Solar Energy. Experimental Learning Study Kit. DIY Science Project Kit. Teaching Aid

Price: 474 700

You Save: -32%

by Taiga

TAIGA Antique Latern Solar Power Wind Chimes for Balcony & Outdoor Home Decoration | Color Changing Hanging LED Lights | Gift Item | Positive Energy Creator in Garden

Price: 799 1899

You Save: -58%

by JUNIOR SCIENTIST

Wind Power Rice Mill- Demonstration Project - Tinkering LAB Model - School LAB Model TeacherS Learning Material - TLM Model

Price: 398 400

You Save: -1%

by Meadawgs

Meadawgs DIY Wind Power Car Assembled Science Educational Learning Kids Toys Kits

Price: 910 1698

You Save: -46%

by Generic

Generic Solar Energy Panel, Charging Panel Thin Shape Solar Panel Folding Pack for Surveillance Cameras for Carts for Laptops for Car Batteries

Price: 4449 8899

You Save: -50%

by Adium

Adium Wind Power Generator, Alternator 3-Phase Motor Generator Electric for Generators for Wind Turbine(Motor)

Price: 32554 65108

You Save: -50%

by Science & Fun

Science & Fun Harvesting Wind Power - Wind Energy Harvest Model for School Science Project

Price: 149 299

You Save: -50%

by ADIUM

Wind Power Generator, Wind Generator, Compact High Efficiency General Purpose Professional Use for Industry Generator(12V Motor)'$

Price: 33178 66356

You Save: -50%

by FASHIONMYDAY

Fashion My Day Solar motor 300 Micro DC Motor Mini Motor for Solar Energy Power Supply

Price: 522 887

You Save: -41%

by UBERSWEET

Ubersweet Photovoltaic Charging Controller, Multiple Load Control Energy Statistics MPPT Solar Charge Controller LCD Display 3 Stage Mode forPower Generation System

Price: 28899 57799

You Save: -50%

view more..