EDF-Backed Acme Wins 30-Megawatt Solar Project in India

Acme Solar Energy Pvt., backed by Electricite de France SA’s renewable unit, won a license to build a 30-megawatt solar-power project in central India.

Acme will sign a 25-year contract to sell electricity generated by the plant to the Chhattisgarh State Power Distribution Co., it said in an e-mailed statement. The company expects to invest $40 million in the facility, it said.

The project will boost Acme’s total solar capacity to 180 megawatts. The company plans to own 1,000 megawatts by 2017.

Before it's here, it's on the Bloomberg Terminal.