ACME Solar plans up to ₹35,000 cr capex by 2027

CME Solar Holdings Ltd has outlined a plan of investing ₹32,000-35,000 crore in capital expenditure by 2027 to expand its renewable energy portfolio, according to chief executive officer Nikhil Dhingra.

- Rituraj Baruah

The company aims to increase its energy portfolio to 7 gigawatts (GW) by 2027 from the current 2.5GW, with a focus on round-the-clock (RTC) renewable energy projects, Dhingra said in an interview.

"Basically, our capex has been divided into two phases. Until 2026, ₹17,000 crore and ₹15,000-18,000 crore in the year after that," Dhingra said.

"We will increase from our current operational capacity 2.5GW to 5GW by 2026 through phase-1 capex, and to 7GW by 2027 through phase-2 capex."

Of the planned 7GW capacity, about 50% would be firm and dispatchable renewable energy (FDRE) and hybrid projects, which are key for round-the-clock energy supply with a mix of solar, wind and storage capacities, he said.