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ACME Solar Commissions 143 MW / 481 MWh Battery Energy Storage System in Rajasthan
ACME Solar Holdings has commissioned 142.67 MW / 481.49 MWh of Battery Energy Storage System (BESS) in Rajasthan, representing Phase-1 of a 585 MW planned project. The system is currently connected to the Inter-State Transmission System and will operate on a merchant basis to capture revenue from peak-hour price differentials. This commissioning is a significant step toward the company's massive ~17 GWh BESS requirement across its portfolio. Eventually, these units will be integrated into Firm and Dispatchable Renewable Energy (FDRE) projects under 25-year PPAs.
Key Highlights
Commissioned 142.67 MW / 481.49 MWh BESS in Rajasthan as part of Phase-1.
Total planned capacity for the current SPVs stands at 585 MW / 2011.24 MWh.
Company has a total under-construction contracted capacity of 5,105 MW including ~16.5 GWh of BESS.
Initial revenue will be generated through merchant trading based on peak and non-peak demand spreads.
The project will eventually transition to a 25-year PPA model via integration with FDRE projects.
💼 Action for Investors
Investors should view this as a positive milestone in ACME Solar's transition toward becoming a provider of dispatchable power. Monitor the execution of the remaining 16.5 GWh BESS pipeline as it will be a key driver for long-term revenue stability.
ACME Solar Commissions 33.335 MW Phase II of Rajasthan BESS Project
ACME Solar Holdings, through its wholly owned subsidiary ACME Sun Power Private Limited, has commissioned the second phase of its 300 MW Battery Energy Storage System (BESS) project in Rajasthan. This phase contributes 33.335 MW / 160.51 MWh to the total project, with the commercial operation date set for March 14, 2026. To date, the company has successfully commissioned a total of 66.67 MW / 320.99 MWh of the planned 300 MW capacity. This milestone reflects steady execution in the high-potential energy storage segment.
Key Highlights
Commissioned 33.335 MW / 160.51 MWh as part of Phase II of the Rajasthan BESS project
Total commissioned capacity for this specific project now stands at 66.67 MW / 320.99 MWh
Commercial Operation Date (COD) for the second phase is confirmed for March 14, 2026
The project is located at Village Badi Sid, Rajasthan, and is managed by a wholly owned subsidiary
💼 Action for Investors
Investors should view this as a positive step in the company's operational ramp-up and monitor the timeline for the remaining 233.33 MW capacity. Successful execution of BESS projects is critical for the company's long-term valuation in the renewable energy sector.
ACME Solar Signs PPAs for 450 MW / 1800 MWh Peak Power Project with SJVN
ACME Solar, through its subsidiary, has signed two 25-year Power Purchase Agreements (PPAs) with SJVN for a total capacity of 450 MW / 1,800 MWh. The project ensures 4 hours of peak power supply during non-solar hours with a 90% availability requirement on a monthly and annual basis. This agreement brings the company's total PPA signed capacity to 6,270 MW, with 1,690 MW signed in the current financial year alone. The project will utilize existing night-time connectivity in Rajasthan's high irradiation zones to optimize operational efficiency.
Key Highlights
Signed two 25-year PPAs with SJVN for 450 MW / 1,800 MWh of assured peak power
Total PPA signed capacity increased to 6,270 MW, with 1,690 MW added in the current FY
Guarantees 4 hours of peak power supply during non-solar hours with 90% availability
Under-construction PPA signed portfolio now stands at 3,304 MW
Project to leverage high irradiation zones in Rajasthan and existing ISTS connectivity
💼 Action for Investors
This development provides long-term revenue visibility and strengthens ACME Solar's position in the high-growth energy storage and peak power segment. Investors should monitor the execution progress of the 3,304 MW under-construction portfolio for timely commissioning.
ACME Solar Commissions Phase III of 19 MW / 40.50 MWh BESS Project in Rajasthan
ACME Solar Holdings Limited has announced the commissioning of the third phase of its Battery Energy Storage System (BESS) project in Jaisalmer, Rajasthan, through its subsidiary ACME Suryodaya Private Limited. This phase adds 19 MW / 40.50 MWh of capacity, with the Commercial Operation Date (COD) scheduled for March 13, 2026. With this addition, the total commissioned capacity of the project has reached 76 MW / 160.50 MWh. The company is working towards a total project target of 285 MW / 601.904 MWh, indicating steady progress in its renewable energy infrastructure.
Key Highlights
Commissioned 19 MW / 40.50 MWh capacity in Phase III of the Rajasthan BESS project
Total commissioned capacity for the project now stands at 76 MW / 160.50 MWh
Commercial Operation Date (COD) for the new phase is set for March 13, 2026
The project is being executed by wholly owned subsidiary ACME Suryodaya Private Limited
Total planned capacity for the Jaisalmer project is 285 MW / 601.904 MWh
💼 Action for Investors
Investors should take note of the company's consistent execution in the high-growth energy storage segment. Continued progress toward the full 285 MW capacity will likely enhance revenue visibility and operational scale.
ACME Solar Commissions 4 MW Wind Power Capacity of 100 MW Project in Gujarat
ACME Solar Holdings Limited has announced that its subsidiary, ACME Eco Clean Energy Private Limited, has commissioned 4 MW of wind power capacity. This capacity is part of a larger 100 MW wind power project located in Surendranagar, Gujarat. The company received the official Certificate of Commissioning from the Gujarat Energy Development Agency (GEDA) on March 09, 2026. This development marks incremental progress in the company's renewable energy operational portfolio.
Key Highlights
Commissioned 4 MW wind power capacity out of a total 100 MW project
Project located at Village Garambhadi, Surendranagar district, Gujarat
Certificate of Commissioning received from Gujarat Energy Development Agency (GEDA)
Executed through subsidiary ACME Eco Clean Energy Private Limited
💼 Action for Investors
Investors should monitor the execution timeline for the remaining 96 MW of the project. This incremental commissioning demonstrates steady progress in the company's wind energy segment.
ACME Solar Commissions Phase-I (33.335 MW/160.48 MWh) of BESS Project in Rajasthan
ACME Solar Holdings has announced the commissioning of the first phase of its Battery Energy Storage System (BESS) project in Rajasthan through its wholly owned subsidiary, ACME Sun Power Private Limited. This initial phase involves a capacity of 33.335 MW/160.48 MWh, which is part of a larger 300 MW/1400 MWh project. The commercial operation date (COD) for this phase is scheduled for March 08, 2026. This development marks the company's entry into large-scale energy storage, a critical component for renewable energy stability.
Key Highlights
Commissioned 33.335 MW/160.48 MWh as the first phase of a larger BESS project
Total planned capacity for the Rajasthan project stands at 300 MW/1400 MWh
Commercial operation date (COD) for Phase-I is set for March 08, 2026
Project executed via wholly owned subsidiary ACME Sun Power Private Limited
Located at Village Badi Sid, Tehsil-Bap, Rajasthan
💼 Action for Investors
Investors should view this as a positive operational milestone that diversifies the company's portfolio into energy storage; monitor the execution timelines for the remaining 266.665 MW capacity.
ACME Solar Subsidiary Signs 450 MW PPA with SJVN at Rs 6.74/Unit
ACME Solar Holdings Limited, through its wholly-owned subsidiary ACME Greentech Seventh Private Limited, has executed two Power Purchase Agreements (PPAs) with SJVN Limited. The agreements cover a total capacity of 450 MW (300 MW and 150 MW) under the Firm and Dispatchable Renewable Energy (FDRE) model. The projects carry a lucrative tariff of Rs. 6.74 per unit for a tenure of 25 years. This development provides significant long-term revenue visibility for the company, with supply scheduled to commence in March 2028.
Key Highlights
Total capacity of 450 MW secured through two PPAs with SJVN Limited
Agreed tariff of Rs. 6.74 per unit for a project tenure of 25 years
Project falls under the Firm and Dispatchable Renewable Energy (FDRE) category
Scheduled Commencement of Supply Date (SCSD) is set for March 1, 2028
💼 Action for Investors
Investors should view this as a positive development for long-term growth and margin stability. Monitor the company's progress in project execution and capital expenditure requirements leading up to the 2028 commencement.
ACME Solar Commissions Phase-I of 285 MW/600 MWh BESS Project in Rajasthan
ACME Solar Holdings has successfully commissioned the first phase of its Battery Energy Storage System (BESS) project in Jaisalmer, Rajasthan, through its wholly-owned subsidiary ACME Suryodaya Private Limited. This initial phase consists of 19 MW/38 MWh out of a total planned capacity of 285 MW/600 MWh. The project is set to commence commercial operations on February 27, 2026, and will initially operate as merchant capacity. This provides the company with immediate revenue potential while maintaining the flexibility to secure long-term Power Purchase Agreements (PPAs) in the future.
Key Highlights
Commissioned 19 MW/38 MWh capacity as part of the first phase of the BESS project
Total project capacity is 285 MW/600 MWh located in Jaisalmer, Rajasthan
Commercial Operation Date (COD) for Phase-I is scheduled for February 27, 2026
Project will operate as merchant capacity with flexibility to shift to long-term PPAs later
💼 Action for Investors
Investors should view this as a positive operational milestone that marks the company's entry into the energy storage segment. Monitor the ramp-up of the remaining 266 MW capacity and any future announcements regarding long-term PPA tie-ups.
ACME Solar Signs 25-Year PPA with SECI for 190 MW Hybrid Project at Rs 4.72/Unit
ACME Solar's subsidiary, ACME Urja One Private Limited, has executed a 25-year Power Purchase Agreement (PPA) with SECI for a 190 MW wind-solar hybrid project. The project includes a Battery Energy Storage System (BESS) to ensure peak power supply at a fixed tariff of Rs. 4.72 per unit. This agreement increases the company's total PPA-signed portfolio to 5,820 MW, with 1,240 MW added in the current financial year alone. Financing for the project has already been secured through Power Finance Corporation Ltd, significantly lowering execution risk.
Key Highlights
Signed 25-year PPA with SECI for a 190 MW ISTS-connected wind-solar hybrid project with BESS.
Project features a fixed tariff of Rs. 4.72 per unit with a scheduled operation date of February 27, 2028.
Total PPA-signed portfolio grows to 5,820 MW, reflecting strong growth momentum in the current fiscal.
Project financing is already secured via Power Finance Corporation Ltd (PFC).
Agreement mandates a minimum annual Capacity Utilisation Factor (CUF) of 50% and 80% daily peak power supply.
💼 Action for Investors
Investors should note the long-term revenue visibility and the company's ability to secure financing for large-scale hybrid projects. The high CUF requirement of 50% suggests a focus on high-efficiency assets which could support healthy operating margins.
ACME Solar Bags 301 MW FDRE Project from SECI at Rs 6.28/Unit Tariff
ACME Solar Holdings Limited has received a Letter of Award (LOA) from the Solar Energy Corporation of India (SECI) for a 301 MW Firm and Dispatchable Renewable Energy (FDRE) project. The project was won under SECI's FDRE Tranche VII at a fixed tariff of Rs. 6.28 per unit for a 25-year duration. The project is scheduled to be commissioned within 24 months from the date of signing the Power Purchase Agreement (PPA). This contract significantly enhances the company's renewable energy portfolio and provides long-term revenue visibility.
Key Highlights
Awarded 301 MW assured peak supply FDRE project by SECI
Fixed tariff of Rs. 6.28 per unit secured for a 25-year tenure
Project execution timeline set for 24 months from PPA signing
Awarded under SECI's FDRE Tranche VII competitive bidding process
💼 Action for Investors
Investors should monitor the timeline for PPA signing and subsequent project execution as this adds significant capacity to the company's green energy pipeline.
ACME Solar Wins 220 MW Solar + BESS Project in Madhya Pradesh at Rs 2.764/Unit
ACME Solar Holdings has secured a Letter of Award (LOA) from Rewa Ultra Mega Solar Limited (RUMSL) for a 220 MW Solar project integrated with a Battery Energy Storage System (BESS). The project, located in Morena Solar Park, Madhya Pradesh, was won at a tariff of Rs. 2.764 per unit with a 25-year Power Purchase Agreement (PPA) tenure. The project is scheduled for commercial operation by December 31, 2027, and requires maintaining a 95% annual availability. This addition strengthens ACME's total portfolio to 8,071 MW, of which 5,105 MW is currently under construction.
Key Highlights
Awarded 220 MW Solar + BESS project at a competitive tariff of Rs. 2.764 per unit
Project includes a 25-year PPA with Madhya Pradesh Power Management Company Limited
Scheduled Commercial Operation Date (SCOD) set for December 31, 2027
Requires 4 hours of peak supply daily with a high annual availability requirement of 95%
Expands under-construction contracted capacity which currently stands at 5,105 MW
💼 Action for Investors
Investors should look at this as a positive expansion of the company's green energy footprint and storage capabilities. The long-term PPA provides revenue visibility, though execution within the 2027 timeline remains a key monitoring factor.
ACME Solar Commissions Additional 4 MW Wind Capacity; Total Project Reaches 76 MW
ACME Solar Holdings Limited, through its subsidiary ACME Eco Clean Energy Private Limited, has commissioned an additional 4 MW of wind power capacity in Gujarat. This addition is part of a larger 100 MW wind power project located in the Surendranagar district. With this latest commissioning, the company has successfully operationalized 76 MW of the total 100 MW capacity. The commissioning has been verified by state agencies GEDA and PGVCL, marking steady progress in the company's renewable energy portfolio.
Key Highlights
Commissioned 4 MW additional capacity out of a 100 MW wind power project in Gujarat
Total commissioned capacity for the specific project now stands at 76 MW
Project execution witnessed and confirmed by GEDA and PGVCL officials
This is the 11th incremental update for this project since October 2025, showing consistent execution
💼 Action for Investors
Investors should view this as a positive sign of project execution and steady capacity ramp-up. Monitor the timeline for the remaining 24 MW to be commissioned to reach full project capacity.
ICRA Assigns AA-/Stable Rating to ACME Solar's ₹1,209 Cr Debt for Sikar Project
ICRA Limited has assigned a high-grade '[ICRA] AA- (Stable)' rating to a ₹1,209 crore long-term loan for ACME Solar's 300 MW Sikar project. This rating is expected to further reduce financing costs by approximately 25 basis points, adding to a previous 170 bps reduction achieved through refinancing. The project is backed by a 25-year PPA with SECI, ensuring long-term revenue visibility and minimal payment risk. This development underscores the company's ability to secure competitive capital for its expanding renewable energy portfolio.
Key Highlights
ICRA assigned [ICRA] AA- (Stable) rating to ₹1,209 crore long-term debt of subsidiary ACME Sikar Solar.
Expected reduction in financing costs by ~25 bps, following a previous 170 bps reduction via Yes Bank refinancing.
Project secured by a 25-year Power Purchase Agreement (PPA) with SECI, eliminating demand and pricing risks.
ACME Solar's total portfolio stands at 7,770 MW, with 2,962 MW currently operational and 4,808 MW under construction.
💼 Action for Investors
Investors should view this as a positive sign of the company's improving creditworthiness and its ability to optimize interest costs. The high rating from ICRA validates the project's cash flow stability and strengthens the overall balance sheet for future expansions.
ICRA Assigns AA-/Stable Rating to ACME Solar's Subsidiary for Rs 1,209 Cr Loan
ICRA has assigned a high-quality 'AA-/Stable' credit rating to ACME Sikar Solar Private Limited's Rs 1,209 crore long-term debt. This rating is expected to further reduce financing costs by approximately 25 basis points, building on a previous 170 bps reduction achieved through refinancing. The 300 MW project is backed by a 25-year PPA with SECI, ensuring stable revenue and minimal payment risk. This development underscores the company's ability to optimize its capital structure and reduce interest expenses for its renewable portfolio.
Key Highlights
ICRA assigned [ICRA] AA- (Stable) rating to a Rs 1,209 crore long-term loan for the 300 MW Sikar project.
The rating is expected to lower financing costs by 25 bps, following a 170 bps reduction from recent Yes Bank refinancing.
Project features a 25-year Power Purchase Agreement (PPA) with SECI, providing high cash flow visibility.
ACME Solar's total portfolio includes 7,770 MW of capacity, with 2,962 MW operational and 4,808 MW under construction.
💼 Action for Investors
Investors should view this as a positive indicator of the company's improving credit profile and its ability to lower debt servicing costs. Monitor the progress of the 4.8 GW under-construction pipeline as a key driver for future valuation.
ACME Solar Q3 Revenue Jumps 54% to ₹617 Cr; Upgrades BESS Guidance to 2 GWh for Q4 FY26
ACME Solar reported a strong Q3 FY26 with revenue growing 54% YoY to ₹617 crore and a PAT of ₹114 crore, driven by capacity additions and an improved CUF of 24.3%. The company upgraded its BESS guidance, now expecting 2 GWh to be operational in Q4 FY26 and another 2 GWh in Q1 FY27. It successfully reduced its weighted average cost of debt by 100 bps to 8.45% through refinancing and credit upgrades. The total portfolio has expanded to 7.77 GW, including 16 GWh of BESS capacity, with a long-term target of 10 GW operational capacity by 2030.
Key Highlights
Revenue increased 54% YoY to ₹617 crore with a high EBITDA margin of 91.5%.
Operational portfolio reached 2,962 MW, with 422 MW commissioned year-to-date.
Upgraded BESS guidance to 2 GWh operational in Q4 FY26 and 2 GWh in Q1 FY27.
Weighted average cost of debt reduced by 100 bps to 8.45% through successful refinancing.
Signed new PPAs for 450 MW and won a 130 MW RTC project at a competitive tariff of ₹4.35 per unit.
💼 Action for Investors
Investors should focus on the company's execution of its BESS strategy, which aims to unlock early cash flows through merchant operations. The significant reduction in finance costs and high EBITDA margins support the company's aggressive expansion toward its 10 GW goal.
ACME Solar Commissions 16 MW Wind Power Capacity of 100 MW Project in Gujarat
ACME Solar Holdings Limited has announced that its subsidiary, ACME Eco Clean Energy Private Limited, has successfully commissioned 16 MW of wind power capacity. This capacity is part of a larger 100 MW wind power project located in Surendranagar, Gujarat. The commissioning certificate was issued by the Gujarat Energy Development Agency (GEDA) on January 31, 2026. This incremental addition marks progress in the company's renewable energy portfolio and operational execution.
Key Highlights
Commissioned 16 MW capacity out of a total 100 MW wind power project
Project located at Sayla Taluka, Surendranagar District, Gujarat
Received Certificate of Commissioning from GEDA dated January 31, 2026
Executed through subsidiary ACME Eco Clean Energy Private Limited
💼 Action for Investors
Investors should monitor the timeline for the commissioning of the remaining 84 MW capacity of this project. The steady addition of operational capacity is a positive indicator of the company's ability to meet its growth targets.
ACME Solar Signs 25-Year PPA with NHPC for 250 MW FDRE Project at Rs 3,700 Cr Capex
ACME Solar has signed a 25-year Power Purchase Agreement (PPA) with NHPC Limited for a 250 MW Firm and Dispatchable Renewable Energy (FDRE) project. The project requires a capital expenditure of approximately Rs 3,700 crore and is expected to achieve a Capacity Utilisation Factor (CUF) of over 60%. Construction is being fast-tracked with 40% of the land already acquired and connectivity approvals in place. This agreement brings the company's total PPA-signed portfolio to 5,630 MW, providing long-term revenue visibility with a AAA-rated counterparty.
Key Highlights
Signed 25-year PPA with NHPC Ltd for a 250 MW ISTS-connected FDRE project
Estimated project capex of Rs 3,700 crore with 40% land already acquired
Expected Capacity Utilisation Factor (CUF) of over 60% against a 40% minimum requirement
Total PPA-signed portfolio increases to 5,630 MW with an additional pipeline of 2,140 MW
Obligation to meet 90% of peak power requirement for 4 hours daily on a monthly basis
💼 Action for Investors
Investors should look favorably on this expansion as it secures long-term cash flows with a high-quality counterparty. Monitor the company's debt-to-equity ratio as it funds the Rs 3,700 crore capex for this project.
ACME Solar Subsidiary Signs PPA with NHPC for 250 MW FDRE Project at Rs 4.33/Unit
ACME Solar's wholly owned subsidiary, ACME Urja One Private Limited, has signed a 25-year Power Purchase Agreement (PPA) with NHPC Limited. The agreement is for a 250 MW Firm and Dispatchable Renewable Energy (FDRE) project. The power will be supplied at a fixed tariff of Rs. 4.33 per unit. The project is scheduled to commence commercial operations by June 30, 2027, ensuring long-term revenue visibility for the company.
Key Highlights
Signed PPA with NHPC Limited for a 250 MW FDRE project
Fixed tariff rate of Rs. 4.33 per unit for the duration of the contract
Long-term revenue visibility with a project tenure of 25 years
Scheduled Commercial Operation Date (SCOD) set for June 30, 2027
💼 Action for Investors
This contract strengthens the company's order book and provides long-term cash flow visibility; investors should monitor the company's progress in meeting the 2027 execution deadline.
ACME Solar Q3 FY26: Revenue Jumps 53.9% to INR 617 Cr, EBITDA Up 57.2% YoY
ACME Solar reported a robust performance for Q3 FY26, with total revenue rising 53.9% YoY to INR 617 crore and EBITDA increasing 57.2% to INR 564 crore. The company's operational capacity reached 2,962 MW, leading to a 49% increase in power generation to 1,567 MUs. A significant strategic shift includes doubling the BESS commissioning target to 2 GWh by Q4 FY26. Financial efficiency improved as the weighted average cost of debt for operational projects decreased by 150 bps YoY to 8.45%.
Key Highlights
Revenue and EBITDA grew by 53.9% and 57.2% YoY respectively, driven by new capacity and higher CUF.
BESS commissioning target increased to 2 GWh by Q4 FY26, up from the previous 1 GWh estimate.
Weighted average cost of debt for operational projects reduced to 8.45%, with recent refinancing at 8.0%.
Total portfolio stands at 7,770 MW with 5,630 MW of PPA signed capacity and 10,000+ acres of land acquired.
Cash ROE reached 20.6% for Dec'25 due to increased cash PAT from operational capacity additions.
💼 Action for Investors
Investors should note the strong operational scaling and successful debt refinancing which improves margins. The accelerated BESS rollout is a key differentiator for upcoming RTC and FDRE projects that warrants close monitoring for execution.
ACME Solar Declares ₹0.20 Interim Dividend; Sets Feb 6 as Record Date
ACME Solar Holdings has declared an interim dividend of ₹0.20 per equity share for the financial year 2025-26, which is 10% of the face value of ₹2. The company has fixed February 06, 2026, as the record date to determine shareholder eligibility for the payout. This announcement was made alongside the approval of the company's unaudited financial results for the third quarter and nine months ended December 31, 2025. The dividend will be paid within the stipulated legal timelines subject to applicable tax deductions.
Key Highlights
Interim dividend of ₹0.20 per equity share declared (10% of ₹2 face value)
Record date for dividend eligibility fixed as February 06, 2026
Board approved standalone and consolidated financial results for Q3 and 9M FY26
Dividend payment to be processed within statutory timelines after tax withholding
💼 Action for Investors
Investors looking to benefit from the dividend should ensure they hold the shares before the record date of February 06, 2026. It is also advisable to review the accompanying Q3 financial results to assess the company's fundamental performance.