ACME bags 600 MW Solar Power Project at SECI 2 GW Interstate Transmission System (ISTS) Solar bid at a tariff of 2.44/unit
- By winning this 600 MW solar project, ACME portfolio will exceed 3.8 GWp Solar PV Portfolio across India with an operational capacity of 1.7 GWp and 2.1 GWp solar projects at different stages of development.
New Delhi: ACME bags 600 MW Solar PV capacity in the reverse auction held on 02.07.2018 invited by SECI for 2000 MW solar power tender.
Solar Energy Corporation of India (SECI) invited solar tenders with cumulative capacity of 2000 MW to be executed at any location in India. Total 8 companies qualified for the tender with aggregated capacity of 2950 MW. ACME and Azure have bided for the highest capacity of 600 MW each.
ACME won the bid in a highly competitive reverse auction held yesterday at a tariff of INR 2.44 /unit. The second best tariff offered was 2.52 /unit for 250 MW.
“With consistently offering most competitive tariff and highest solar power generation; ACME has become the leader in solar power generation in India. This has entrusted a huge responsibility on us to chart the future ahead in solar power in India. I am confident that with this addition of 600MW capacity, ACME will strive to achieve highest efficiency in solar power generation and strengthen its partnership with the Government in building a strong nation & economy said Shri Manoj Kumar Upadhyay, Founder and Chairman ACME Group.
ACME Solar is an independent power producer, which constructs, owns and operates solar power plants in India. With strong in-house execution and design team, ACME plans to execute this project in self-execution mode.
Founded in 2003, ACME has been providing innovative, energy efficient, environment friendly products for Passive Telecom Infrastructure. Ventured into Solar Power Segment in 2008, ACME is now India’s leading utility-scale solar power developer with a portfolio of over 3.8 GWp and target to reach 7500 MW by the year 2022.