Acme won 1st Solar Rooftop Project

ACME has announced that it has 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