Acme Solar

Here's why ACME Solar Holdings share price rose 3% in trade on Nov 25

ACME Solar has cumulatively signed PPAs for 800 MW of contracted capacity, which includes 2,320 MWh of BESS capacity in the current financial year

ACME Solar commissions additional 16 MW of Gujarat wind power project

ACME Solar Holdings on Thursday said it has commissioned an additional 16 MW of its 100 MW wind power project, located in Surendaranagar, Gujarat. This follows the first phase commissioning of 28 MW in October, 2025, a company statement said. The current commissioning takes the project's operational capacity to 44 MW out of the 100 MW to be commissioned in phases. It has enhanced ACME Solar's total operational capacity to 2,934 MW. Recently, the project was granted an extension to its Scheduled Commercial Operation Date (SCOD) by the Gujarat Electricity Regulatory Commission (GERC). The revised SCOD date is March 5, 2026 and the project has been early commissioned with part capacity of 44 MW in first two phases. This wind power project has been financed through Power Finance Corporation (PFC). The power generated from the project will be sold through the 25-year Power Purchase Agreement (PPA) signed between ACME Eco Clean and Gujarat Urja Vikas Nigam Ltd. The commissioning was .

ACME Solar arm gets 'change-in-law' compensation for Rajasthan project

ACME Solar Holdings on Monday said that its arm ACME Aklera Power Technology has secured Rs 47.40 crore as "change in law compensation" for a 250-MW solar project in Rajasthan. The ruling of the Rajasthan Electricity Regulatory Commission (RERC) for the project contracted with SECI is expected to benefit with an additional revenue of 3.5 per cent for 15 years, a company statement said. The awarded amount includes "compensation towards imposition of basic customs duty on solar cells and modules, increase in GST from 5 per cent to 12 per cent and carrying cost". "The total amount is to be received through an annuity mechanism at a discount rate of 9 per cent over a period of 15 years, ensuring fair recovery of unforeseen regulatory cost increases and protecting project economics," it said. According to ACME Solar, the case sets a precedent for regulatory certainty and project development cost stability in the renewable energy industry. "The RERC's timely adjudication and directions

ACME Solar bags 400 MW firm, dispatchable renewable project from SJVN

ACME Solar Holdings Ltd on Tuesday announced it has secured a 400 MW/1,800 MWh firm and dispatchable renewable energy project from SJVN. The project has been secured at a tariff of INR 6.75/unit for 25 years, ACME Solar Holdings Ltd (ACME Solar) said in a statement. The tender was issued under Tariff-Based Competitive Bidding (TBCB) guidelines for which an e-reverse auction was held on October 9, 2025 and LoA was received on November 10. The project requires supplying power of only 4 MWh per MW of capacity during any four-hour period each day within the peak demand window with 90 per cent availability on a monthly basis. The project would integrate Solar of 300 MW and Battery Energy Storage System (BESS) technology of approximately 1800 MWh to meet the supply requirements. This project will utilise night-time connectivity available with ACME Solar at high irradiation zones in Rajasthan. This will be ACME Solar's first project to use Indian made solar cells (under ALMM List-II). A

ACME Solar commissions first phase of 100 MW wind project in Gujarat

ACME Solar Holdings on Saturday announced commissioning of 28 MW first phase of its 100 MW wind power project in Gujarat. With this, the company's total operational capacity has increased from 2,890 MW to 2,918 MW, ACME Solar said in a statement. The ACME Eco Clean wind project is located at Surendranagar in Gujarat. The project has been financed through Power Finance Corporation (PFC) and constructed through in-house EPC. The clean energy harnessed through the project is pooled at 33/220 kV pooling station and stepped up for evacuation to Shapar sub-station using a dedicated single circuit 220 kV transmission line. The project would share the sub-station with ACME Solar's already commissioned 50 MW wind power project. The power generated from the project will be sold through the 25-year Power Purchase Agreement (PPA) signed between ACME Eco Clean and Gujarat Urja Vikas Nigam Limited.

ACME Solar, Tata Power sign PPA for 50 MW firm and dispatchable project

ACME Solar Holdings on Friday announced signing an agreement with Tata Power Company Ltd for a 50 MW firm and dispatchable renewable energy project. An FDRE project integrates advanced solar, wind and battery energy storage systems (BESS) to enable reliable energy dispatch during peak demand. In a statement, ACME Solar Holdings said its "SPV has signed a 25 years Power Purchase Agreement (PPA) with the Tata Power Company Limited (Tata Power-D) for its 50 MW Firm and Dispatchable Renewable Energy (FDRE) project on 16 October 2025." The project was awarded in September 2025. The PPA has been signed at a tariff of Rs 4.43 per unit for a minimum annual Capacity Utilization Factor (CUF) of 40 per cent and four hours of peak-hour supply with 90 per cent availability on a monthly basis. This project would combine multiple renewable energy technologiesincluding Solar and Battery Energy Storage System (BESS) to meet the supply obligations as per the PPA. With this, the company has signed PP

ACME Group plans ₹5,000 cr investment to set up 1.2 MTPA DRI facility

ACME Group is planning to invest Rs 5,000 crore to set up a direct reduced iron (DRI) facility, according to industry sources. A capacity of 1.2 million tonnes per annum (MTPA) will be set up in the first phase to produce green HBI/GRI (Green Hot Briquetted Iron and Green Direct Reduced Iron for use in making green steel), sources close to the development said. "Our greenfield facility will produce some of the lowest carbon emission green HBI and DRI products, underscoring our unwavering commitment as a leader of clean technology solutions in India," ACME Group Chairman Manoj Kumar Upadhyay said without divulging information related to the investment being planned for the project. On the location of the proposed facility, he said the project is being considered in India or Oman, near one of the group's existing sites. ACME Group is currently in the process of setting up a green hydrogen facility in Odisha and is already in advanced stages of constructing another green hydrogen ...

Analysts see up to 34% upside in ACME Solar Holdings stock; here's why

ACME Solarcontinues to actively bid for utility-scale projects, and incremental awards are essential for building earnings visibility into FY29 and beyond.

ACME Solar secures ₹1,100 cr SBI funding for 300 MW project in Rajasthan

ACME Solar Holdings on Tuesday said it has raised Rs 1,100 crore in domestic funding from the State Bank of India for its 300 MW renewable energy project in Rajasthan. The funds will be utilised to refinance the existing debt and reduce financing cost by around 100 bps for the Rajasthan project. This refinancing has been secured from the State Bank of India (SBI) for a tenure of approximately 17 years. ACME Solar Holdings said the refinancing is consistent with the company's strategy to optimize financing costs across its portfolio and strengthen its credit profile through rating upgrades. The 300 MW renewable energy project in Rajasthan has an operational track record of about six months and has consistently maintained optimum capacity utilization factor (CUF) levels. The reduced cost of debt enables ACME Solar to strengthen its financial position further as it pursues significant capacity growth over the next few years. ACME Solar Holdings is an integrated renewable energy play

ACME Solar secures ₹3,892 cr project funding for 400 MW FDRE project

ACME Venus Urja, a wholly-owned subsidiary of ACME Solar Holdings, has secured long-term project funding of Rs 3,892 crore from the State Bank of India for the development and construction of a 400 MW Firm and Dispatchable Renewable Energy (FDRE) project. The repayment spread across 19 years, ACME Solar Holdings said in a statement on Thursday. The FDRE project is being developed in Barmer, Rajasthan and is contracted with NHPC at a tariff of Rs 4.64/Unit. The project would entail installing solar and Battery Energy Storage System (BESS) to meet the supply obligations and ensure higher dispatchability as per the Power Purchase Agreement (PPA) conditions. The funding is significant as it represents the company's largest financing from State Bank of India (SBI) and also, represents SBI's first financing in ACME's FDRE projects, as per the company statement. ACME Solar Holdings is a leading integrated renewable energy player with a diversified portfolio spanning solar, wind, storage,

ACME Solar places 2 GWh battery storage order via Posco, China FAW

ACME Solar has ordered 2 GWh of battery energy storage from Chuzhou Lishen through POSCO and China FAW Group, taking cumulative procurement beyond 5 GWh

ACME Solar jumps 6% on securing this deal from Tata Power; key details here

ACME Solar reported strong earnings for Q1FY26, with revenue from operations jumping 71 per cent year-on-year (Y-o-Y) to ₹584 crore, compared to ₹340 crore in the same quarter last year.

ACME Solar secures 50 MW dispatchable renewable project from Tata Power-D

ACME Solar Holdings on Wednesday said it has secured a 50 MW Firm and Dispatchable Renewable Energy project from Tata Power-D. The FDRE tender was floated under tariff-based competitive guidelines (TBCB) for which an e-reverse auction was conducted on August 13, 2025, a company statement said. ACME Solar Holdings Ltd has received a Letter of Award (LoA) for a 50 MW Firm and Dispatchable Renewable Energy (FDRE) project at a tariff of Rs 4.43 per unit under a 250 MW FDRE tender floated by Tata Power Company Limited (Tata Power-D), according to a statement. Tata Power-D is a licensed electricity distribution company and is a part of Tata Power Company Ltd. The project will be required to maintain a minimum annual CUF (Capacity Utilisation Factor) of 40 per cent and ensure four hours of peak-hour supply with 90 per cent monthly availability. The project would combine multiple renewable energy technologies, including solar and Battery Energy Storage System (BESS), to meet the supply ..

Acme Solar to raise ₹3,000 cr via equity, securities in tranches

Acme Solar Holdings board on Wednesday approved a proposal to raise Rs 3,000 crore in multiple tranches. At its meeting, the company's board also approved the re-appointment of Shashi Shekhar as Vice-Chairman and Whole-Time Director on the recommendation of its Nomination and Remuneration Committee, for a period of one year from the completion of his present term, i.e. with effect from April 9, 2026. The board cleared the proposal of "raising of funds for an aggregate amount not exceeding Rs 3,000 crore in one or more tranches, through issuance of equity shares or any other equity-linked instruments or securities, through permissible modes, including but not limited to, qualified institutional placement (QIP), further public offer (FPO), private placement and/or combination thereof, as may be considered appropriate under applicable laws, subject to such regulatory/statutory approvals". Both proposals are subject to approval of the members of the company at the ensuing annual general

ACME Solar secures ₹15,000 crore debt funding for greenfield projects

The company wants to increase capacity to 7 Gw by 2028 through hybrid and renewable projects, including firm and dispatchable renewable energy (FDRE), he said

ACME Solar arm gets ₹3,184 cr REC funding for 280 MW renewable project

ACME Solar Holdings on Wednesday said that its arm ACME Hybrid Urja has secured Rs 3,184 crore in project funding from state-owned REC Ltd for a 280 MW Firm and Dispatchable Renewable Energy (FDERE) project. REC will serve as the sole lender for the project, thereby providing long-term financing for 18 years, a company statement said. ACME Hybrid Urja Private Ltd, a wholly owned subsidiary of ACME Solar Holdings Ltd, will use the funds for the development & construction of a 280 MW Firm & Dispatchable Renewable Energy Project (FDRE), which has been contracted with NHPC, according to the statement. This is REC Ltd's third financing initiative of ACME Solar's FDRE project, following the financing of two other FDRE projects earlier this year, with a cumulative capacity of 570 MW. The company signed a 25-year Power Purchase Agreement (PPA) with NHPC at a tariff of Rs 4.64 /Unit. The project combines multiple renewable energy technologies, including Solar and Battery Energy Storage

Acme Solar Holdings shares jump 10% post Q1 earnings; check details

The renewable energy solutions provider reported a 71 per cent surge in revenue from operations to ₹584 crore in Q1FY26

ACME Solar secures BESS projects of 275 MW/550 MWh in Andhra Pradesh

ACME Solar Holdings on Thursday said it has bagged standalone battery energy storage system (BESS) projects with cumulative capacity of 275 MW/550 MWh in Andhra Pradesh. The project requires system availability for two full operational cycles of two hours each every day, a company statement said. ACME Solar Holdings Ltd has emerged as the winning bidder for NHPC's tender for cumulative capacity of 275 MW/550 MWh standalone BESS projects in Andhra Pradesh across two projects at Kuppam and Ghani, the statement said. The company's winning bid for the Kuppam project was at a tariff of Rs 2,10,000 per MW per month with a capacity of 50 MW/100 MWh, it said. Its winning bid for the Ghani project was at a tariff of Rs 2,22,000 per MW per month with a capacity of 225 MW/450 MWh, as per the statement. As part of the project, ACME Solar will receive viability gap funding of Rs 27 lakh per MWh, or 30 per cent of the total project cost, whichever is lower, it said. The auction was part of a

ACME Solar secures ₹1,072 cr refinancing for 250 MW project in Rajasthan

ACME Solar Holdings on Monday said it has secured a Rs 1,072-crore domestic project finance facility for its arm ACME Aklera Power Technology to refinance existing debt for its 250 MW operational project in Rajasthan. The project has an operational track record of 18 months and achieved an annual Capacity Utilisation Factor (CUF) of 29.3 per cent in FY25, a company statement said. ACME Solar Holdings has secured a domestic project finance facility of Rs 1,072 crore for its 100 per cent subsidiary ACME Aklera Power Technology Pvt Ltd to refinance existing debt and reduce financing cost by 95 basis points to 8.5 per cent per annum for its 250 MW operational project in Rajasthan, according to the statement. This refinancing of 18 years tenure has been secured from a consortium led by institutions, including Bank of America and Standard Chartered Bank, it stated. This refinancing adds to the Rs 4,575 crore of refinancing completed over the past six months, in line with the group's plan

ACME Solar up 4% on commissioning first phase of 26.4 MW wind power project

ACME Solar shares advanced after the company announced it has commissioned the initial 26.4 MW phase of its first wind power project in Shapar, Gujarat.