Shardul Amarchand Mangaldas & Co. served as legal advisors to ACME Solar Holdings Private Limited and ACME Solar Energy Private Limited in the sale of 100% equity in specific subsidiaries. These subsidiaries operate solar photovoltaic power projects totaling 369 MW across Karnataka, Uttarakhand, and Punjab.
The team handling the transaction comprised Partners Neelakantan VR, Kushal Sinha, and Dhrupad Pant; Senior Associate Rishab Chaudhary; and Associates Shamik Gupta, Aayush Agarwal, and Riya J.
ACME Solar is the largest solar IPPs in India, having a portfolio of solar power projects with an aggregate capacity of more than 5500 MWp. We develop, build, own, operate and maintain utility scale grid connected solar power projects (through our in-house engineering and O&M operations), and generate revenue through the sale of electricity to central and state government entities and government-backed corporations. We have grown our portfolio of operational solar power projects from 15 MWp in December 2011 to 2900+ MWp currently. The rest of the 2600 MWp is under different phases of development. We are present across 12 Indian states, Uttarakhand, Gujarat, Chhattisgarh, Telangana, Karnataka, Punjab, Bihar, Uttar Pradesh, Odisha, Madhya Pradesh, Rajasthan and Andhra Pradesh. (Source: ACME Solar)
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