ACME Solar Holdings, an Indian renewable energy developer, has commissioned a 200 MW solar power project at Bhadla Solar Park, located in Rajasthan.
The project is designed using the latest 1,500 V technology and features the world’s first 150 percent DC with a capacity utilization factor (CUF) of 30 percent to produce the most stable power during the day. The project is spread across 1,000 acres. Water-less cleaning of modules has been planned, taking into consideration the climate condition to enhance the generation from the project.
“At ACME, we are committed to leveraging the latest and most disruptive technologies to further the cause of solar energy in the country. This focus has enabled us to not only better commissioning deadlines but also lower our cost which is reflected in our bids at solar auctions,” said Manoj Kumar Upadhyay, founder and chairman of ACME Group.
The company has invested ₹9.8 billion (~$ 135 million) in setting up the Bhadla solar power project.
Earlier, Mercom reported that ACME quoted a tariff of ₹2.44 (~$0.037)/kWh (lowest tariff recorded in India so far) to win the bid to develop a 200 MW project in the 500 MW Bhadla Phase-III Solar Park auction.
According to Mercom’s India Solar Project Tracker, ACME has commissioned solar projects totaling ~1.5 GW and has ~2.6 GW of projects under development.
Recently, ACME also emerged as one of the winners in the auction by the Solar Energy Corporation of India (SECI) for 2 GW of Interstate Transmission System (ISTS)-connected solar projects to be developed across the country. In the auction, ACME Solar once again quoted the lowest (L1) tariff of ₹2.44 (~$0.0355)/kWh, a record it had set for the solar industry at the 500 MW Bhadla Phase-III Solar Park Auction in May 2017. ACME won the bid to develop 600 MW of solar projects at the L1 price of ₹2.44 (~$0.0355)/kWh.
Nitin is a staff reporter at Mercomindia.com and writes on renewable energy and related sectors. Prior to Mercom, Nitin has worked for CNN IBN, India News, Agricultural Spectrum and Bureaucracy Today. He received his bachelor’s degree in Journalism & Communication from Manipal Institute of Communication at Manipal University and Master’s degree in International Relations from Jindal School of International Affairs. More articles from Nitin Kabeer