Now Reading: ACME Solar plans ₹15,000-20,000 crore capex for battery storage
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ACME Solar plans ₹15,000-20,000 crore capex for battery storage
ACME Solar plans ₹15,000-20,000 crore capex for battery storage
ACME Solar Holdings plans to invest ₹15,000-20,000 crore to expand its renewable energy business, with a strong focus on battery energy storage, CEO Nikhil Dhingra told ET. The company aims to deploy…
The Story in Brief
ACME Solar Holdings plans to invest ₹15,000-20,000 crore to expand its renewable energy business, with a strong focus on battery energy storage, CEO Nikhil Dhingra told ET. The company aims to deploy about 10 GWh of battery capacity this year and expects storage to grow from 25% of its business. ACME has signed PPAs for about 4,000 MW of FDRE and hybrid projects, with a pipeline exceeding 5,080 MW. Demand for round-the-clock renewable power is expected to rise from data centres, green ammonia, and industrial electrification. The company will fund the capex through internal accruals, QIP proceeds, and project financing.
The Indian Opinion
The noise around India's solar push often swings between exaggerated optimism and lazy China-bashing. ACME's big bet on battery storage is a sobering reality check: storage is the true bottleneck, not solar panels. The company's plan to deploy 10 GWh of battery capacity this year is an ambitious test. If it succeeds, it will prove round-the-clock renewable power is viable. If it stumbles, the critics who call India's green targets unrealistic will have ammunition. Watch the quarterly commissioning numbers.
Source: energy.economictimes.indiatimes.com
This story was synthesised by AI from the source linked above.
