Petronas, through its Indian arm, Amplus Energy Solutions, has acquired 100 MW of solar assets from ACME Solar. Petroliam Nasional Berhad, or Petronas, is Malaysia’s state-run oil and gas company. The 100 MW solar power capacity is located in Karnataka’s Pavagada Solar Park and was developed under the National Solar Mission with a tariff of Rs 4.79 per kWh. The capacity was commissioned in 2018. The deal is reportedly valued at around Rs 8 billion. In August 2020, Actis, the UK-based fund, closed its acquisition of 400 MW assets from Acme for a consideration of Rs 2.5 billion. With the sale of 100 MW of assets, Acme has raised around Rs 3.3 billion in 2020 through its asset sale.