When asked about the company’s business activities, Nikhil Dhingra, CEO of ACME Solar Holdings, said that ACME Solar is an independent power producer specializing in renewable energy, focused on providing long-term electricity to government entities.
“We exclusively supply electricity to government organizations and are an integrated player involved in the tendering, financing and operation of power projects,” he added.
Nikhil Dhingra mentioned that the renewable energy producer has been in the solar energy sector for 13 years, emphasizing that solar production is highly predictable.
The company has completed nearly 3.7 gigawatts of solar projects and sold 1.8 gigawatts. Currently, they have powered 1.2 gigawatts of power plants in Jaisalmer, he said. ACME Solar Holdings’ operations span 12-13 states in India.
“Looking ahead, all future projects, amounting to more than 2.5 gigawatts after 2025, will be carried out with four central entities, namely solar energy. Corp. of India Ltd., NTPC Ltd., NHPC Ltd. and SJVN Ltd,” he added.
Nikhil Dhingra also highlighted that historically their capacity was split equally, with 50% dedicated to state entities and 50% to central entities.
