Commissioning of Solar Capacity

Through its subsidiary ACME Renewtech Private Limited, the company has commissioned Phase-I of its first hybrid renewable energy project. This phase comprises 66.68 MW of solar capacity out of a total planned 300 MW solar capacity. The project is located at Kelan Village in Bikaner, Rajasthan. The full hybrid project combines 300 MW of solar capacity with 100 MW of wind capacity. A Power Purchase Agreement (PPA) for the project has been signed with NTPC Limited, and long-term project financing has been arranged with PFC. ACME Solar expects to commission the entire 300 MW solar capacity by the end of Q3 FY27 [Q3 of fiscal year 2027].

Commissioning of BESS Capacity

Through its subsidiary ACME Greentech Seventh Private Limited, the company has commissioned Phase-I of the Battery Energy Storage System (BESS) component of its FDRE project. This phase comprises 53.63 MW / 300 MWh of BESS capacity out of the project's total planned 300 MW / 1581 MWh BESS capacity. The project is located at the same site in Bikaner, Rajasthan. This marks ACME Solar's first assured off-peak power supply project. A Power Purchase Agreement (PPA) for this project has been signed with SJVN Limited, and long-term project finance is arranged with REC. ACME Solar expects to commission the entire BESS capacity for this project by Q3 of the current fiscal year.

Operational Portfolio Update

Following these commissioning milestones:

  • ACME Solar's renewable energy operational capacity is now approximately 3,057 MW
  • The company has crossed the 4 GWh milestone in operational BESS capacity, with total operational BESS capacity now at 4.16 GWh

Company Background

ACME Solar Holdings Limited is described as a leading integrated renewable energy player with:

  • A diversified contracted portfolio of 8,370 MW spanning solar, wind, storage, FDRE and hybrid solutions
  • Operational capacity of approximately 3,057 MW and 4.16 GWh of BESS capacity
  • In-house EPC and O&M division for end-to-end development and plant maintenance
  • Industry leading CUF and operating margins