A
What happened
ACME Solar Holdings has successfully won a bid for a 130 MW renewable energy project aimed at supplying round-the-clock power to Indian Railways. The winning bid was priced at Rs 4.35 per unit. This project is part of a larger tender for 1,000 MW of renewable energy, which emphasizes the need for a consistent power supply due to the Railways' operational demands. ACME Solar will utilize a combination of solar, wind, and battery storage to meet these requirements. The project is expected to be commissioned within 30 months of signing the power purchase agreement. The tender stipulates a minimum annual availability of 75% for the first three years and 85% thereafter, ensuring reliable energy delivery. ACME Solar is recognized as a leading player in the renewable energy sector, with a significant operational capacity and ongoing projects.
★
Key insights
-
1
Competitive Pricing: The bid price of Rs 4.35 per unit showcases the affordability of renewable energy.
-
2
Integrated Solutions: The project will combine solar, wind, and battery storage for consistent energy supply.
-
3
Timely Commissioning: ACME Solar aims to complete the project within 30 months, ensuring quick deployment.
Takeaways
The successful bid by ACME Solar for the 130 MW renewable energy project marks a significant advancement in India's renewable energy landscape, demonstrating the viability and competitiveness of clean energy solutions.