Gurugram-based renewable energy company ACME Group plans to increase solar manufacturing capacity to achieve Rs 100 billion in revenue by 2030. The move aligns with the government’s ‘Make in India’ initiative and supports the company’s commitment to sustainable power technologies ACME has already commissioned a.
ACME Group, a prominent player in India’s renewable energy sector, has announced an ambitious plan to achieve ₹10,000 crore (₹100 billion) in revenue from its solar module and cell manufacturing operations by 2030. This strategic move aligns with the company’s efforts to diversify beyond renewable energy generation contribute significantly to India’s clean energy initiatives.
Entry into Solar Equipment Manufacturing
To kickstart this venture, ACME has invested approximately ₹230 crore in Set up a new solar cell production unit under its subsidiary, ACME and Renewable .establishing a 1.2 gigawatt (GW) solar module manufacturing facility in Jaipur, Rajasthan. Commissioned recently, this facility currently employs over 700 individuals The company plans to further expand this manufacturing capacity.
Strategic Advantages and Certifications
ACME’s inclusion in the Ministry of New and Renewable Energy’s (MNRE) Approved List of Models and Manufacturers (ALMM) enhances its credibility as a certified solar module manufacturer. This certification positions the company favorably to secure contracts for government-backed projects, including those from the Solar Energy Corporation of India (SECI), rooftop solar installations, and the KUSUM program.
Industry Outlook and ACME’s Positioning
Industry projections indicate that India’s solar module manufacturing capacity is expected to grow from 80 GW in 2025 to 125 GW by 2030, with solar cell production increasing from 25 GW to 40 GW during the same period. ACME’s strategic investments and expansion plans position it to capitalize on this growth, contributing to the nation’s renewable energy targets and enhancing its own market presence.
ACME Group’s foray into solar equipment manufacturing, backed by substantial investments and strategic planning, underscores its commitment to supporting India’s renewable energy ambitions. By aiming for significant revenue generation in this sector by 2030, ACME not only diversifies its business portfolio but also plays a pivotal role in advancing the country’s clean energy infrastructure.
ACME Group, a leading entity in India’s renewable energy sector, has announced its ambition to achieve ₹10,000 crore in revenue from solar module and cell Equipment Manufacturing with an annual capacity of 1.2 GW manufacturing by 2030. This strategic move marks the company’s diversification beyond renewable energy generation, aiming to bolster India’s clean energy infrastructure.
Investment in Manufacturing Facilities
To initiate this endeavor, ACME has invested approximately ₹230 crore in establishing a 1.2 gigawatt (GW) solar module manufacturing facility in Jaipur, Rajasthan. This plant, which recently commenced commercial operations, currently employs over 700 individuals. The company plans to further expand this facility and set up a new solar cell manufacturing unit under its subsidiary.
Strategic Advantages and Certifications
ACME’s inclusion in the Ministry of New and Renewable Energy’s (MNRE) Approved List of Models and Manufacturers (ALMM) enhances its credibility as a certified solar module manufacturer. This certification positions the company favorably to secure contracts for government-backed projects, including those from the Solar Energy Corporation of India (SECI), rooftop solar installations, and the KUSUM program.
Industry Outlook and ACME’s Positioning
Industry projections indicate that India’s solar module manufacturing capacity is expected to grow from 80 GW in 2025 to 125 GW by 2030, with solar cell production increasing from 25 GW to 40 GW during the same period. ACME’s strategic investments and expansion plans position it to capitalize on this growth, contributing to the nation’s renewable energy targets and enhancing its own market presence.
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