Connect with us

Hi, what are you looking for?


Clean Power

ACME Solar Commissions 100 MW Capacity Under India’s National Solar Mission

Capacity addition under India’s National Solar Mission seems to be progressing well just before the government plans to significantly expand the mission, with ACME Solar announcing the commissioning of 5 solar photovoltaic power projects.

ACME Solar, which was awarded 5 solar photovoltaic power projects through competitive bidding under the first batch of National Solar Mission phase 2, has announced that all those projects have now been commissioned. The total capacity of these projects is 100 MW. ACME Solar was one of the leading winners of the projects allocated under the auction.

The results of the auction were announced in early 2014. A total capacity of 750 MW was auctioned — 375 MW capacity under the Domestic Content Requirement segment (where developers were required to use modules manufactured in India), and another 375 MW capacity under the open category (where developers were free to use Indian-made or imported modules). Tariffs, for 25-year power purchase agreement, were around ¢9 per kWh without any tax incentives.

Developers were required to place bids for the financial aid they would require to set up the projects. A maximum of 30% financial aid was offered by the government.

Of the 5 projects secured by ACME Solar and its subsidiaries, one project was mandated to use Indian-made modules. The project would receive a total of just over $400,000 financial aid, while the remaining 4 projects allocated under the open category would receive between around $163,000 and $216,000 per MW capacity. The per MW cost for setting up these projects is estimated at around $1.3 million. The International Finance Corporation also provided debt financing to these projects.

According to the Ministry of New & Renewable Energy (MNRE), as on 29 May 2015, of the total 750 MW capacity allocated, 505 MW capacity have been commissioned, majority of which are open category projects.

Appreciate CleanTechnica’s originality and cleantech news coverage? Consider becoming a CleanTechnica Member, Supporter, Technician, or Ambassador — or a patron on Patreon.

Don't want to miss a cleantech story? Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News!

Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.
Written By

Smiti works as a senior solar engineer at a reputed engineering and management consultancy. She has conducted due diligence of several solar PV projects in India and Southeast Asia. She has keen interest in renewable energy, green buildings, environmental sustainability, and biofuels. She currently resides in New Delhi, India.


You May Also Like

Clean Transport

Moove, the world’s first mobility fintech, launches in India as a part of its global expansion. According to its website, Moove is a Nigerian-born...


Log kya kahenge? (What will people say) This is the mindset that Jothi Viknesh, a 32-year-old from Tamil Nadu, sought to defeat when he...

Clean Transport

BILITI Electric recently announced plans to set up the world’s largest electric 3-wheeler manufacturing facility in India’s Telangana state. The plant will have a...

Clean Power

Welcome to another issue of our India x Cleantech series! On a monthly basis, we are pulling news from across clean technology sectors in...

Copyright © 2021 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.