Construction Industry News
ACME Solar Holdings subsidiary has signed a power purchase agreement (PPA) to supply electricity generated from its 150 MW hybrid solar project. This hybrid project combines both solar and wind power, reflecting ACME Solar’s continued commitment to expand renewable energy generation in India. The agreement underscores the growing importance of hybrid renewable solutions to ensure a stable and sustainable energy supply, leveraging both solar and wind capabilities to balance fluctuations in generation.
ACME Solar, one of India’s leading renewable energy companies, aims to make a significant contribution to the country’s clean energy goals. The hybrid project is part of India’s broader mission to transition to green energy by maximizing the potential of renewable energy sources in both rural and urban grids. This 150 MW project will help meet the growing demand for energy while reducing carbon emissions, and support India’s move towards a more sustainable energy future.
By integrating wind and solar energy, the project is expected to optimize power generation at different times of the day and under different weather conditions. Hybrid projects are increasingly seen as a solution to address the variability in renewable energy supply. This project also aligns with the government’s target of 500 GW of installed renewable energy capacity by 2030, further supporting India’s National Solar Mission.
ACME Solar’s latest deal reflects the growing interest of investors and companies in clean energy initiatives and highlights the crucial role of such projects in India’s green energy transition. As renewable technologies advance, hybrid solutions like these will become essential to ensuring reliable and efficient energy supply across the country.
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