Return to
Home
Affiliate Sites Search
Contact Français

EDF Energies Nouvelles expands its presence in India

  • Corporate

EDF Energies Nouvelles is rolling out its operations in a new country offering strong potential, with a partnership with Indian company ACME Cleantech Solutions Limited to create a joint venture based in India. EDF Energies Nouvelles holds a 25% stake in the company, ACME Solar Energy Private Limited, which will focus on the development, construction and operation of solar power projects 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.

_______________

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

About EDF Energies NouvellesEDF Energies Nouvelles is a market leader in renewable energy electricity, with a portfolio of more than 9 GW gross installed capacity focused for the most part on wind (onshore and offshore) and solar photovoltaic energy. Mostly operating in Europe and North America, EDF Energies Nouvelles continues its development by taking strong positions in promising emerging areas such as Brazil, Chile, China, India or South Africa. The Company is also present in other segments of the renewable energy market: marine energy, biomass and distributed energies. EDF Energies Nouvelles manages renewable energy projects’ development and construction as well as operation and maintenance for its own account and for third parties. EDF Energies Nouvelles is a subsidiary of the EDF Group dedicated to renewable energy.

MEDIA RELATIONSManon de Cassini-Hérail ▪ Tel : +33 {0} 1.40.90.48.22 ▪ e-mail : manon.decassini-herail@edf-en.com
Clarisse Placidoux ▪ Tel : +33 {0} 1.40.90.49.46 ▪ e-mail : clarisse.placidoux@edf-en.com