ACME Solar plans up to ₹35,000 cr capex by 2027 to boost renewable capacity threefold
Live MintACME 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. The company aims to increase its energy portfolio to 7 gigawatts by 2027 from the current 2.5 GW, with a focus on round-the-clock renewable energy projects, Dhingra said in an interview. Its current operational capacity of 2.5 GW comprises largely vanilla solar projects Of the company’s ambitious capex plan, 75-80% would be funded through debt and the rest 20-25% would be equity funding, including internal accruals, he said. Financial snapshot ACME Solar's net debt currently stands at about ₹6,800 crore, while another ₹1,900 is cash reserves, taking gross debt to about ₹8,700 crore.
History of this topic
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