India’s ACME Group will develop a 30-megawatt solar rooftop project in the state of Punjab.
The power from the project will be sold to the Punjab State Electricity Board for Rs 7.57 (US 12 cents) per kilowatt-hour. “We are extremely happy to bag this order, which is the first ever large scale solar rooftop project in the country,” said ACME’s chairman Mr. Manoj Kumar Upadhyay.
“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.”
ACME has an installed solar capacity of about 700 megawatts, but wants to increase this by tenfold by 2020.