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IDFC Alternatives in talks to invest Rs600 crore in ACME Solar

The funding will help ACME complete solar power projects that are under development across various states in India.

In the latest instance of investor interest in the renewable space, IDFC Alternatives, the asset management arm of infrastructure-focused lender IDFC Ltd, is in talks with Delhi-based ACME Solar to invest Rs.600 crore (approx $90 million), according to industry reports.

The funding will help ACME complete solar power projects that are under development across various states in India. The company has a solar power asset portfolio of almost 1.5 gigawatts (GW), of which around 400 megawatts (MW) is currently operational. 

 

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