ACME Cleantech Expands Renewable Ambitions with Arctech Solar Trackers in Oman
Deal News | May 31, 2025 | Zawya
ACME Cleantech Solutions, a key player in the renewable energy sector based in India, has formed a significant partnership with China's Arctech. This contract involves the procurement of 175 MWp of solar trackers for the solar part of their green ammonia project in Duqm, Oman. The Duqm project is a crucial step towards sustainable energy solutions, located in a region with optimal conditions for solar energy due to its high solar insolation and challenging coastal desert environment. The imported solar trackers will be delivered in phases starting from July 2025, utilizing Arctech's Skyline II system. This project is part of a larger initiative where ACME secured a substantial loan of 40 billion Indian rupees from REC to finance their green ammonia and hydrogen production facility, envisioning an eventual production capacity of 1.2 million tonnes per year powered by extensive solar and electrolyser infrastructure.
Sectors
- Renewable Energy
- Green Hydrogen
Geography
- India – ACME Cleantech Solutions is headquartered in India and secured financing from an Indian financial institution, REC.
- Oman – The green ammonia project is located in Duqm, Oman, highlighting the country as the project's geographical focus and the strategic site for solar energy deployment.
- China – Arctech, a Chinese company, has been contracted to supply solar trackers, underscoring China's involvement in the project.
Industry
- Renewable Energy – The article discusses a solar energy project integral to ACME's renewable energy strategy, emphasizing solar trackers and green ammonia production.
- Green Hydrogen – The focus on producing green ammonia and hydrogen aligns the article with the green hydrogen sector, which involves converting renewable energy into hydrogen.
Financials
- 40 billion Indian rupees – Loan amount secured by ACME from REC to fund the green hydrogen and ammonia project.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| ACME Cleantech Solutions | Target Company | Company | An Indian firm focused on renewable energy projects, spearheading the green ammonia project in Oman. |
| Arctech | Supplier | Company | A Chinese company supplying solar trackers for the Duqm project. |
| REC | Funding Source | Company | One of India's largest green infrastructure financial institutions providing a loan for the project. |