Acme Solar SECI(750MW) Solar PV Park is a 250MW solar PV power project. It is planned in Rajasthan, India. The project is currently in permitting stage. It will be developed in single phase. The project construction is likely to commence in 2022 and is expected to enter into commercial operation in 2023.
| Project Type | Total Capacity (MW) | Active Capacity (MW) | Pipeline Capacity (MW) | Project Status | Project Location | Project Developer | Solar PV | 250 | – | 250 | Permitting | Rajasthan, India | Acme Solar Holdings |
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Description
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The project is being developed by Acme Solar Holdings. Acme Solar Holdings, Investment Fund for Developing Countries and United Nations Office for Project Services are currently owning the project having ownership stake of 51%, 39% and 10% respectively.
Acme Solar SECI(750MW) Solar PV Park is a ground-mounted solar project.
The project is expected to generate 675,000MWh electricity and supply enough clean energy to power 500,000 households. The project is expected to offset 500,000t of carbon dioxide emissions (CO2) a year. The project cost is expected to be around $178m.
Development Status
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By GlobalDataThe project construction is expected to commence from 2022. Subsequent to that it will enter into commercial operation by 2023.
Power Purchase Agreement
The power generated from the project will be sold to Solar Energy Corporation of India under a power purchase agreement. The power will be sold at the rate of $0.035kWh for a period of 25 years.
Methodology
All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.
