ACME Solar on Tuesday said it has commissioned solar plants totalling 150 MW in Rajasthan and Odisha Under Jawaharlal Nehru National Solar Mission. "(ACME Solar) announced the commissioning of solar plants totalling 150 MW in Rajasthan and Odisha," the company said in a statement on Tuesday. ACME Solar is a joint venture between ACME Cleantech Solutions Ltd, EDF Energies Nouvelles (EDF EN) - the renewable energy arm of French state-run electricity utility Electricite de France S.A, and Luxembourg-based natural resources saving group EREN.
EREN Renewable Energy and EDF Energies Nouvelles each hold a 25 per cent stake in ACME Solar. Located in the Thar desert in Rajasthan, the 120 MW project (under JNNSM) is a combination of five photovoltaic plants equipped with 6,12,000 solar panels. Besides, located in the Sikuan area, the 30 MW Odisha solar plant comprises 1,17,000 photovoltaic panels.
With a total output of 150 MW, the solar plants will provide energy to more than 90,000 Indian homes. "The solar market in India has been steadily growing for several years and is now undeniably a competitive solution. ACME Solar is proud to actively participate in India's energy mix variegation strategies, and to the scaling up of renewable energies," stated ACME Cleantech Chairman Manoj Kumar Upadhyay.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.