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ACME Suryodaya

company 1 Deal 1 Partner

Mumbai-based infrastructure developer with 3.5 GW of renewable energy assets across India and Southeast Asia. Focuses on utility-scale solar, onshore wind, and transmission projects, with over $4.5B in developed assets.

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Founded 2008 750 employees
Infrastructure DeveloperDeveloperOperator

Strategic Overview

  • Actively exploring opportunities in hybrid renewable energy projects combining solar, wind, and battery storage to enhance grid stability and energy dispatchability.
  • Focusing on digitalizing asset management and operations through advanced analytics and AI to enhance efficiency and reduce operational costs across its portfolio.
  • Expanding into new Southeast Asian markets, leveraging expertise gained in the Indian renewable sector and adapting to local regulatory frameworks.

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Deal Activity from Public Sources

Development and financing of a 500 MW utility-scale solar PV project in Rajasthan, India
Development Solar PV India September 2023 500 MW
Acquisition of a 200 MW operational onshore wind portfolio in Binh Thuan province, Vietnam
Acquisition Onshore Wind Vietnam June 2023 200 MW with Green Power Vietnam Holdings
Joint venture with PowerGrid Solutions for a 100 MW / 200 MWh grid-scale battery energy storage system in Maharashtra, India
Joint Venture Battery Storage India March 2024 100 MW with PowerGrid Solutions Ltd.

Investment Focus

Technologies
Storage1
Geography
India1

Key People

Rajesh Kumar
Chief Executive Officer
Priya Sharma
Chief Financial Officer
Sanjay Gupta
Chief Operating Officer

Track Record

3,500
MW Total
30
Deals Completed
16
Years Active
$B4.5B
Total Value
Notable projects: Suryodaya Rajasthan Solar Project (500 MW), Karnataka Wind Farm Cluster (300 MW), Maharashtra Grid Modernization Project

Detailed Analysis

Technologies
Solar PVOnshore WindTransmissionBattery Storage
Sectors
Energy TransitionUtilities
Geographies
India (20 deals)Vietnam (3 deals)Indonesia (2 deals)Bangladesh (1 deal)
Deal Stage
GreenfieldBrownfieldOperating

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