ACME Solar Holdings Ltd

 Acme Solar Holdings has placed an order of more than 3.1 GWh of Battery Energy Storage System (BESS) from leading global energy systems supplier including Zhejiang Narada and Trina Energy, renowned for their high efficiency and scalable storage solutions. This marks one of the largest battery storage procurements in India to date and will support the deployment of BESS across ACME Solar's multiple renewable energy FDRE (Firm & Dispatchable Renewable Energy) and battery linked projects, scheduled for commissioning over the next 12-18 months across multiple states in India. Powered by Capital Market - Live

CRISIL Ratings has assigned 'CRISIL AA /Stable' rating to long-term bank facilities of ACME Raisar Solar Energy ('ARSEPL'), wholly owned subsidiary of ACME Solar Holdings (Acme Solar). This rating is assigned to 300 MW (AC) capacity located in Fategarh, Rajasthan for its Rs 890 crores term loan facility from REC. Powered by Capital Market - Live

The auction was part of a tender issued by NHPC in February 2025 to enhance energy storage capacity in Andhra Pradesh. The BESS capacity is spread across two projects at Kuppam and Ghani. The company's winning bid for Kuppam project was at a tariff of Rs 210,000 per MW per month with a capacity of 50 MW / 100 MWh. Its winning bid for Ghani project was at a tariff of Rs 222,000 per MW per month with a capacity of 225 MW / 450 MWh. The project requires system availability for two full operational cycles of two hours each every day. As part of the project, ACME Solar will receive viability gap funding of Rs 27 lakh per MWh or 30% of the total project cost, whichever is lower. The company stated that this project will further diversify its portfolio to include maiden standalone BESS projects to its existing portfolio of solar, wind, FDRE & Hybrid renewable energy projects Rahula Kashyapa, chief commercial officer of ACME Solar Holdings, said: We feel privileged for the opportunity to develop NHPC's standalone battery energy storage system project in Andhra Pradesh. This milestone reflects ACME Solar's commitment to pioneering innovative clean energy solutions that strengthen India's grid reliability and accelerate the nation's renewable energy transition. ACME Solar Holdings (ACML) is a renewable power generation company in India with a portfolio of solar, wind, hybrid and FDRE (firm and dispatchable renewable energy) projects. The company reported a 76.82% decline in consolidated net profit to Rs 123.36 crore in Q4 FY25, compared to Rs 532.39 crore in Q4 FY24. Revenue from operations surged 64.95% year on year to Rs 486.89 crore in Q4 FY25. The scrip shed 0.12% to currently trade at Rs 247.95 on the BSE. Powered by Capital Market - Live

ACME Solar Holdings has emerged as the winning bidder for NHPC's tender for cumulative capacity of 275 MW / 500 MWh standalone Battery Energy Storage System (BESS) projects in Andhra Pradesh across two projects  at Kuppam and Ghani. According to Mr Rahula Kashyapa, Chief Commercial Officer of ACME Solar Holdings, 'We feel privileged for the opportunity to develop NHPC's standalone Battery Energy Storage System project in Andhra Pradesh. This milestone reflects ACME Solar's commitment to pioneering innovative clean energy solutions that strengthen India's grid reliability and accelerate the nation's renewable energy transition. By deploying advanced storage technology at scale, we are proud to support Andhra Pradesh's vision for sustainable growth and energy security. We look forward to delivering a project that sets new benchmarks for reliability, efficiency, and positive community impact.'Powered by Capital Market - Live

Acme Solar Holdings said that it's wholly owned subsidiary, ACME Sikar Solar has secured a 25-year power purchase agreement (PPA) with the Solar Energy Corporation of India (SECI) for 300 MW capacity in Rajasthan at a fixed tariff of Rs 3.05 per kWh (kilowatt-hour). This achievement follows the successful commissioning of ACME Sikar's 300 MW capacity on 23 June 2025. The winning bid was secured under SECI ISTS XVIII Tranche, with the tariff formally adopted by the Central Electricity Regulatory Commission (CERC) on 30 May 2025. As per the terms of the agreement, the project is required to supply power on or before 30 June 2025. The project also qualifies for an inter-state transmission system (ISTS) charges waiver, as the scheduled commercial operations date (SCOD) falls before the June 2025 deadline, aligning with the government's incentives aimed at accelerating the operationalization of renewable energy projects. With this latest achievement, ACME Solar's signed PPA portfolio now stands at 5,130 MW, of which 2,890 MW is already operational, and the remaining capacity is at various stages of implementation. In addition, the company has a robust pipeline of 1,840 MW, with Letters of Award (LOA) already received. Notably, 86% of ACME Solar's portfolio is tied to off-take agreements with central government enterprises, while the remaining 14% is contracted with state distribution companies (discoms). ACME Solar Holdings (ACML) is a renewable power generation company in India with a portfolio of solar, wind, hybrid and FDRE (firm and dispatchable renewable energy) projects. The company reported a 76.82% decline in consolidated net profit to Rs 123.36 crore in Q4 FY25, compared to Rs 532.39 crore in Q4 FY24. Revenue from operations surged 64.95% year on year to Rs 486.89 crore in Q4 FY25. Shares of Acme Solar Holdings shed 0.66% to Rs 247.05 on the BSE. Powered by Capital Market - Live

ACME Sikar Solar, a wholly owned subsidiary of ACME Solar Holdings, has executed a 25-year Power Purchase Agreement (PPA) with the Solar Energy Corporation of India (SECI) for 300 MW capacity in Rajasthan at a fixed tariff of ₹3.05 per kWh. This achievement follows the commissioning of 300 MW capacity by ACME Sikar on June 23, 2025. The said bid was won earlier under SECI ISTS XVIII Tranche, and the tariff was formally adopted by the Central Electricity Regulatory Commission (CERC) on 30th May 2025. As per the agreement, the project requires to supply power on or before June 30, 2025. The project also qualifies for Inter-State Transmission System (ISTS) charges waiver, as the Scheduled Commercial Operations Date (SCOD) falls before June 2025 deadline, aligning with the government incentives aimed at early operationalization of renewable energy projects. With this milestone, ACME Solar's PPA-signed portfolio stands at 5,130 MW of which 2,890 MW is already operational, and balance is under various stages of implementation. Additionally, the company has a firm pipeline of 1,840 MW for which Letter of Award (LOA) has been received. ACME Solar's overall portfolio comprises 86% offtake with central government enterprises and the rest 14% with State discoms. Powered by Capital Market - Live

ACME Solar Holdings has commissioned its 300 MW renewable energy capacity at ACME Sikar Solar project in Rajasthan following the commissioning of additional 60 MW capacity on 23 June 2025. With this, the company's total operational capacity has increased to 2,890 MW. Powered by Capital Market - Live

ACME Solar Holdings has secured domestic project finance facility of Rs 1,072 crore in its 100% subsidiary ACME Aklera Power Technology to refinance the existing debt and reduce financing cost by 95 bps to 8.5% per annum for its 250 MW operational project, in Rajasthan. The project has an operational track record of ~18 months and has achieved annual CUF of 29.3% in FY25. This refinancing of 18 years tenure has been secured from a consortium led by institutions including Bank of America and Standard Chartered Bank. This has helped in improving the project's strategic alignment with ACME Solar's goal of credit rating upgrade and reducing the overall finance cost of its portfolio. This adds to the refinance done so far in last six months of Rs 4,575 crore and is as per group's plan of refinancing post operations to reduce the cost of debt & improve its credit profile. Bank of America had been an existing lender to ACME Group, however, this refinancing milestone marks the addition of Bank of America and Standard Chartered as project finance lenders to the Group. The current refinancing by leading international Banks reinforces international lending partner's confidence in Indian Renewable Sector and execution & operation capabilities of ACME Solar in the sector. This helps in further strengthening of international lender base of Acme Solar from existing marquee lenders. Powered by Capital Market - Live

ACME Solar Holdings announced the commissioning of additional 19.8 MW out of 50 MW capacity of wind power project at Shapar, Gujarat by ACME Pokhran Solar, a wholly owned subsidiary of the company. With this the subsidiary has achieved a commissioned capacity of 46.2 MW out of 50 MW and the project is expected to be fully commissioned in the next few days. With this, the total operational renewable energy capacity of the company has increased to 2,826.2 MW.Powered by Capital Market - Live

ACME Solar Holdings announced that its wholly owned subsidiary, ACME Sikar Solar, has now commissioned Phase-III of 75 MW of the said project on 09 June 2025. With this ACME Sikar Solar has achieved a commissioned capacity of 240 MW out of 300 MW and the balance capacity is under commissioning. With this, the total operational renewable energy capacity of the Company has increased to 2,806.4 MW. The ACME Sikar Solar power project is spread across 1300 acres in Bikaner, Rajasthan. Powered by Capital Market - Live