Acme Group to build 1 GW of solar parks in India - report
Nov 11, 2013 - Indian energy solutions provider Acme Group intends to spend up to INR 90 billion (USD 1.4bn/EUR 1.1bn) to construct 1,000 MW of solar farms in the coming years, the Press Trust of India said Sunday, citing the firm’s chairman.
The Hirayana-based company, which also operates in the telecom segment, will develop the projects in four to five years. They will require total investment of between INR 80 billion and INR 90 billion, the news agency quoted the group’s chairman and managing director Manoj Upadhyay as saying. He added that by March 2014, Acme Group’s total solar power capacity will increase to about 100 MW from 18 MW currently.
Under India’s Jawaharlal Nehru National Solar Mission (JNNSM), which was introduced in 2009, the sountry targets 20 GW of installed solar power capacity by 2022.
Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.