ACME Solar Holdings said that it has commissioned 75 megawatt (MW) of additional renewable energy capacity at the ACME Sikar Solar project in Rajasthan.
This follows the earlier commissioning of 165 MW at the same project, taking the total commissioned capacity to 240 MW out of a planned 300 MW. With this milestone, ACME Solar Holdings’ total operational capacity has increased to 2,806.4 MW.
The ACME Sikar Solar power project is spread across around 1,300 acres in Bikaner and strategically located in one of India’s highest solar irradiation zones. This geographical advantage empowers ACME Solar to be an important long-term contributor to India’s renewable energy goals.
The renewable energy harnessed through the project is pooled at inverter stations and stepped up for evacuation to Bikaner-II grid using a dedicated single circuit 220 kV transmission line.
The debt of the project is financed by PFC and expected to generate approximately 780 million units (MU) of clean energy annually following its full commissioning.
The project is envisaged to be allocated to 300 MW solar power project which ACME Solar had won earlier under SECI-ISTS XVIII scheme at a tariff of ₹3.05 per unit for which the tariff has been adopted & the power purchase agreement (PPA) is expected to be signed soon. In the interim, power generated from the commissioned capacity will be sold on power exchanges on merchant tariffs.