The proposed grouped project activity is a step towards supporting the implementation and installation of grid connected renewable energy power plants in India. The implementation of grouped project activity ensures energy security, diversification of the grid generation mix and sustainable growth of the electricity generation sector in India. The main goal of grouped project activity is to implement renewable energy projects in the country and the significant importance of revenues from sale of Verified Carbon Units (VCUs) to achieve this goal forms the basis of the implementation of this grouped project activity. The grouped project activity is a voluntary action and each SPV will be the  coordinating / Managing Entity (CME) or Project Proponent for all the project activity Instances. ACME Group as a parent company formed different SPV (Special Purpose Vehicles) for solar projects and projects are developed by name of SPVs. There are no mandatory laws or regulations existing in India requiring PP or any other party to develop a programme for renewable generation plants. The grouped project activity will support the development of new grid-connected renewable energy power plants in India and will cover the solar energy  technologies. It seeks to enable investment in large and small grid connected plants that export their generated output to the regional / national electricity grid in India. The implementation of these technologies currently faces various technological, institutional and financial barriers.

The proposed project activity aims to promote the implementation and installation of grid-connected renewable energy power plants in India. By diversifying the grid generation mix, this project ensures energy security and sustainable growth of the electricity generation sector in the country. The successful implementation of renewable energy projects is the primary objective of this project, with revenue from the sale of Verified Carbon Units (VCUs) being the key driver behind it. 

Key Highlights:
- The project aims to support the development of new grid-connected renewable energy power plants in India, specifically those using solar energy technologies.
- The project is a voluntary action with each SPV being the coordinating/Managing Entity (CME) or Project Proponent for all project activity Instances.
- The implementation of renewable energy technologies currently faces various technological, institutional, and financial barriers, which this project seeks to overcome.
- The project enables investment in large and small grid-connected plants that export their generated output to the regional/national electricity grid in India.
- The project supports the country's transition to a low-carbon economy, promoting sustainable development and reducing greenhouse gas emissions.

India has no mandatory laws or regulations that require the development of renewable generation plants, making this project a crucial step towards achieving the country's renewable energy goals. As a parent company, ACME Group has formed Special Purpose Vehicles (SPVs) for solar projects, and the projects are developed under the name of these SPVs. This project activity is a voluntary action that seeks to overcome the challenges faced by renewable energy technologies and promote sustainable development in India. By enabling investment in renewable energy power plants, this project supports the country's transition to a low-carbon economy and helps reduce greenhouse gas emissions.

Grid-connected electricity generation from renewable sources

Grid connected renewable electricity generation

Solar Grouped Project By Acme Group (Ekiesl-VCS-Aug-16-01)

The grouped project activity aims to implement renewable energy projects in India by supporting the installation of grid-connected renewable energy power plants. The project ensures energy security, diversifies the grid generation mix, and promotes sustainable growth in the electricity generation sector. Through the sale of Verified Carbon Units, the project seeks to overcome technological, institutional, and financial barriers to enable investment in large and small grid-connected plants that export their generated output to the national electricity grid.