Capacity of the project is 30 MW --- Tariff for the project has been fixed at Rs 7.57 per kWhr
New Delhi, 23rd March 2015: ACME, a leader in energy management and innovative solutions for alternate energy sector with presence in solar power generation, today announced that they have bagged their first solar rooftop project with a capacity of 30 MW in the state of Punjab.
The energy generated from this installation will be fed to the local grid through a power purchase agreement (PPA), which got signed with the state distribution company. The tariff for the project has been fixed at Rs 7.57 per kWhr
Speaking on this development, Mr. Manoj Kumar Upadhyay, Founder & Chairman, ACME said "We are extremely happy to bag this order, which is the first ever large scale solar rooftop project in the country. This order reflects the hard work and dedication of our team member and state's vision to reduce the carbon footprint. The potential and benefits of the solar rooftop segment in India are huge and the market is just getting started. It is indeed encouraging to see that the state governments are now taking many sincere efforts to promote the solar projects in their respective states".
Recently Ministry of New & Renewable Energy (MNRE) has included Punjab in the ambitious "Green Corridor Mission" project. With this, Punjab will now be in line to receive funds for further strengthening of its transmission and distribution infrastructure to ensure efficient evacuation of solar power to the central grid
As per industry reports, the realizable potential in India for solar generated from residential rooftops will be 35 GW by 2024; correspondingly for industrial and commercial rooftops the realizable potential in the next ten years is up to 41 GW. These projections clearly indicate the growing importance and opportunity that the solar rooftop segment presents in the Indian context
About ACME Group:
The ACME Group is a leader in the field of energy management and innovative solutions for the wireless telecommunications and alternate energy sector. It prides itself as a pioneer in the development of green technology solutions that are environment friendly, energy efficient, & cost effective and also capable of delivering a quick return on investment.
ACME group is a result of the vision and commitment of its founder, Mr. Manoj Kumar Upadhyay. He sought to realize this goal by providing radically new technology solutions through intensive research and development instead of making incremental changes to existing technologies. The establishment of ACME Cleantech Solutions Ltd. (formerly ACME Tele Power Limited) in 2003 was the first step towards realization of this dream.
Today ACME products are installed over 1,50,000 telecom sites across the globe. ACME products help significant Carbon Emission Savings. ACME has enabled telecom expansion to farthest as well as most interior and hitherto unconnected regions of India while reducing carbon emissions from the telecom site as well. The Company today enjoys an international presence, through its own establishments, channel partners, and associates. For further information, please visit http://www.acme.in/