Petronas’ Indian arm buys 100 MW of assets from Acme Solar

Malaysia’s state-run oil and gas company Petroliam Nasional Bhd (Petronas) has acquired about 100 MW solar assets owned by Acme Solar. Petronas has acquired the assets through its Indian unit- Amplus Energy Solutions.

The assets located in Karnataka, was acquired at an enterprise value of Rs 8 billion. With the sale of 100 MW assets, Acme has raised about Rs 33 billion this year through assets sale.

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