Ayana and ACME announce deal for 250 MW of solar PV plants in Rajasthan

Ayana Renewable Power Private Limited (Ayana) and ACME Solar Holdings Private Limited (ACME) have announced the closure of deal to divest 100 per cent equity stake in 250 (MW)ac solar photovoltaic (PV) power plants from ACME to Ayana.

Ayana has acquired the solar energy plant in Jodhpur. The plant is connected to the interstate transmission system and supplies power to Maharashtra State Electricity Distribution Company Limited (MSEDCL) under a long-term power purchase agreement (PPA). With this transaction, Ayana is now developing and managing close to 3 GWac of renewable energy and ACME has completed a strategic divestment of its operating solar asset to unlock value from long term assets.