ACME To Invest Rs 17k Cr By 2026

New Delhi: ACME Solar on Sunday said it has planned an investment of Rs17,000 crore on capital expenditure by 2026 with a focus on hybrid and round-the-clock renewable capacities.

The company is also evaluating entry in nuclear energy segment, though these plans are at a drawing board level, ACME Solar said in a statement. ACME Solar Holdings plans to invest Rs 17,000 crore by 2026, according to the statement. “We intend to focus our new capacities on the revenue and margin accretive hybrid and FDRE (Firm and Dispatchable Renewable Energy) projects as a critical pivot in our business strategy,” CEO Nikhil Dhingra said.

Renewable energy projects integrated with energy storage systems are referred as FDRE projects.