ACME has signed an agreement with UNOPS S3i and IFU for developing a 250 MW solar power plant in the Rajasthan.
The total value of the project is about USD 200 million, of which about a quarter are financed through equity contributions by the three co-investors. UNOPS Sustainable Investments in Infrastructure and Innovation (S3i) is a part of the United Nations group and IFU or the Investment Fund for Developing Countries is a Danish impact investor. The plant will provide clean electricity to the equivalent of 500,000 households once it becomes operational.