Acme tried to manufacture modules using 1.2 GW facilities, eye cell production within a few years

Chairman Manoj K. Upadhyay said Cleantech Major Acme Group entered the renewable energy equipment manufacturing business through its 1.2 GW solar PV module facility in Jaipur.

Although the plant began trial production in January, commercial operations of the facility recently began after a stable period and after the inclusion of group company Mku Holdings Pvt. Limited – On the approval list of new and renewable energy ministry models and manufacturers (ALMMs). The Chairman told Mint Investment in the factory has been ₹For $2.3 billion, the group plans to expand future capabilities.

The manufacturing business will be placed under MKU Holdings Pvt. Ltd. The Group prepares a roadmap for its renewable equipment manufacturing business and aims at the goal. ₹By 2030, in this field by 2030.

Manoj K. Upadhyay, Chairman of Acme Group, said: “Our strategic approach to the renewable equipment manufacturing business has nothing to do with the Indian Manufacturing Plan. It marks an important milestone in our meaningful contribution to India’s clean energy transition. We are committed to expanding this business with new capacity investments and Sole’s investments and scaling this business over the next few years.

Last week, the new and renewable energy alliance department included a stake in ALMM’s MKU, which will allow the company to obtain contracts under government-backed projects and private programs requiring certification modules.

Support manufacturing in India

Upadhyay said that incorporating the company’s modules into ALMM, “this also strengthens the consistency of our vision for the Atmanirbhar Bharat program, aiming to reduce reliance on imports while positioning our country as a global hub for clean energy equipment and technologies.”

ACME Group plans to actively bid and participate in government projects, plans, supply agreements for solar modules (SECI) of Solar Energy Corporation of India (SECI) Tender, Roof Solar Installation (Net Gauge), Pradhan Mantri Kisan Urja Suraksha Evam utthaan Mahabhiyan (Kusum) Plan and export opportunities.

The Jaipur facility is designed to produce efficient solar modules, including the latest “TopCon” modules that cater to a wide range of applications, from utility-scale power plants to rooftop installations.

With this diversification, ACME will compete with several other renewable energy companies that also exist in equipment manufacturing and independent module and cell manufacturers. Major module manufacturers include Adani Solar, Waarree Energies, Vikram Solar and Tata Power Solar.

The press conference is the government and industry goal to achieve 500 GW of non-fossil power generation capacity by 2030. The center is considering developing domestic solar equipment manufacturing capabilities, which will be able to meet 500 GW of targeting capabilities and reduce reliance on Chinese imports.

An incentive plan (PLI) scheme that has been developed for the national plan for efficient solar photovoltaic modules is in progress ₹240 million to enhance the local solar ecosystem.

Currently, India’s solar module manufacturing capacity is about 80 gw, and is expected to reach 125 gw by 2030, while cell manufacturing capacity is expected to reach 40 GW from the current 25 GW.

The company has a diverse portfolio of integrated renewable energy solutions including solar, wind, hybrid, corporate and allocable projects. Its current renewable energy capacity exceeds 2.7 gw. The company also has an in-house EPC (Engineering, Procurement and Construction) department, operations and maintenance team to develop, build, own, operate and maintain utility-scale renewable energy projects.