Deal to Add 300 MW Solar Capacity in Rajasthan, Strengthening Renewable Energy Portfolio
ACME Solar Holdings Ltd., one of India’s leading renewable energy companies, has approved the acquisition of 100% equity in AK Renewable Infra Pvt. Ltd. for an enterprise value of ₹79.25 crore. The acquisition was cleared by the Operational Committee of the company’s Board of Directors during its meeting held on September 5, 2025, and is subject to standard closing conditions outlined in the Share Purchase Agreement (SPA).
Once completed, AK Renewable Infra will become a wholly owned subsidiary of ACME Solar, further consolidating the company’s presence in India’s solar power market.
Acquisition Details
The deal will be executed as a cash transaction under the signed SPA with AK Renewable Infra and its existing shareholders. The acquisition is expected to be completed within five business days of signing, unless otherwise extended by mutual agreement.
Through this transaction, ACME Solar will gain full ownership of a project pipeline with significant strategic value.
Strategic Implications
This acquisition is expected to provide ACME Solar with several key advantages:
- Enhanced Project Pipeline: AK Renewable Infra has secured development rights for 300 MW of solar capacity in Rajasthan, including land, connectivity, and all required approvals.
- Faster Execution and Commissioning: The addition of these assets will accelerate ACME Solar’s project delivery timeline, enabling quicker revenue generation and profitability.
- Expanded Market Presence: The integration of AK Renewable Infra’s projects will strengthen ACME Solar’s leadership position in the renewable energy park development sector.
This move aligns with India’s broader push toward achieving 500 GW of renewable capacity by 2030 and reflects ACME’s strategy of expanding through high-value acquisitions.
About AK Renewable Infra
- Incorporation Date: April 14, 2021
- Registered Office: Shop No. 304, City Pearl, M.I. Road, Jaipur, Rajasthan
- Core Focus: Development of renewable energy parks
- Financials: The company has reported nil turnover for the last three fiscal years but has built valuable assets in terms of approvals and rights for large-scale renewable projects.
Regulatory Compliance
ACME Solar has confirmed that this acquisition falls under Regulation 30 of SEBI (LODR) Regulations, 2015, ensuring full compliance with disclosure requirements. Importantly, the deal does not qualify as a related-party transaction.
Market Outlook
This acquisition marks a significant step in ACME Solar’s growth trajectory. By securing a ready-to-develop 300 MW solar project in Rajasthan, the company is positioning itself to capture the surging demand for clean energy solutions in India.
As the renewable energy sector continues to expand, the move underscores ACME Solar’s proactive approach to scaling up operations, diversifying its project base, and reinforcing its role as a leading player in India’s transition toward sustainable power generation.
Disclaimer:
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