Green energy company ACME on Tuesday announced that it won a 75 MW project in Jharkhand.
With the latest solar project win, ACME will expand its solar power projects portfolio to 1229 MW. ACME aims to generate 7500 MW by 2019.
Jharkhand Renewable Energy Development Agency (JREDA) on 17 March announced the financial bid from ACME for the tariff of Rs 5.73 (25 MW) and Rs 5.48 (50 MW) for 25 years.
Manoj Kumar Upadhyay, founder and chairman of ACME said: “The emergence of ACME in this bid reinstates our expertise in the solar power sector that helped us to become the country’s largest solar power developer with over 1 GW projects under our portfolio.”
ACME will sign the PPA for developing 75 MW with the Jharkhand state government. As per the PPA, ACME will develop these projects in Jharkhand locations by December 2017. These projects will be connected to the grid through a 132 KVA line.
ACME has a portfolio of 1229 MW including 440 MW in Telangana, 160 MW in Andhra Pradesh, 104 MW in Punjab, 100 MW JNNSM Phase II Projects in Rajasthan and other projects in Gujarat, Madhya Pradesh, Rajasthan, Odisha, Bihar, Uttar Pradesh, Assam and Chhattisgarh.