French EDF Energies Nouvelles, the renewable energy arm of French state-run electricity utility Electricite de France S.A is entering the Indian solar power production market with an investment of Rs 550 crore. Looking to bid at least 100 MW in the current phase of the National Solar Mission, the company has formed a joint venture with an Indian energy solutions provider ACME Cleantech limited. ACME Solar limited is a joint venture with ACME Cleantech holding a majority stake of 50 per cent and EDF and natural resources saving group EREN with 25 per cent each.
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