EDF Energies Nouvelles expands its presence in India

Based in New Delhi, Acme Solar Energy Private Limited is owned by three complementary partners:

. ACME Cleantech Solutions Limited, an Indian company with international operations specialising in new energy solutions, communications and environmental services, holds a 50% stake;
. EDF Energies Nouvelles, a major international player in renewable energy and photovoltaic solar power, holds 25%;
. EREN, the first group dedicated to saving natural resources, also holds 25% of the company.

Positioned primarily in the photovoltaic power market, ACME Solar Energy Private Limited has already begun construction of a 30 MW solar power plant in Madhya Pradesh in the centre of India and has a portfolio of 200 MW of projects at various stages of completion.

India presents considerable potential for EDF Energies Nouvelles to expand its solar energy operations. The country has a high level of sunshine and a recurring shortage of electricity generation. With current installed capacity of 2 GW[1], the country is aiming to achieve capacity of around 22 GW by 2022.

“This promising new partnership constitutes a wonderful opportunity for EDF Energies Nouvelles. It will enable us to establish our position in the solar power market in a country with a high level of demand for renewable energy and presenting considerable potential in terms of resources, with the support of a local company” comments Antoine Cahuzac, Chief Executive Officer of EDF Energies Nouvelles.

India is the 18th country in which EDF Energies Nouvelles is developing its presence, and its first foothold in southern Asia.

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[1] Figures at end-September 2013, from the Indian Ministry of New and Renewable Energy (MNRE).