ACME Group announced its entry into the wind power sector on Friday, with a 50 MW project in Gujarat. The group has entered the wind power business and signed a power purchase agreement (PPA) with Gujarat Urja Vikas Nigam Limited (GUVNL), a company statement said.
ACME currently operates solar power plants in 12 states and supplies electricity to 13 state distribution companies.
“ACME Group wins its first 50 MW grid-connected wind power project. This is a significant milestone as the company gears up to provide solar-wind Hybrid and RE RTC power. This is in line with ACME Group’s vision to become a prominent RE RTC player,” ACME Group Chief Operating Officer Sandeep Kashyap said.
The project was awarded to the company through a tariff-based competitive bidding process for grid-connected wind power project electricity procurement. The project should be completed within 24 months of the PPA being signed.
The electricity generated by this project will power nearly 6 million homes. Aside from the new wind power projects, ACME is in various stages of construction and commissioning of solar power projects totaling 2,600 MW. These are in the state of Rajasthan.
It has expanded into green hydrogen by establishing the world’s first integrated green hydrogen and green ammonia pilot project in Bikaner, Rajasthan.
ACME is establishing a large-scale green hydrogen and green ammonia project at the Duqm Special Economic Zone in Oman. With an investment of approximately USD 5-6 billion, the facility intends to export green ammonia to demand centres such as Europe and Asia.
ACME has recently signed agreements to establish green hydrogen and green ammonia projects with three state governments: Tamil Nadu, Karnataka, and Odisha.