Acme Solar commissions 66.68 MW solar, 300 MWh BESS in Rajasthan

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Reviewed by
Anirudha BScanX News Team
Key Highlights
  • Acme Solar commissions 66.68 MW solar and 300 MWh BESS in Bikaner, Rajasthan on September 16, 2026
  • The solar capacity is part of a 300 MW solar + 100 MW wind hybrid project with PPA signed by NTPC Limited
  • The BESS phase is part of a larger FDRE project with PPA signed by SJVN Limited; financing secured from REC
  • Total operational renewable capacity now stands at approximately 3,057 MW
  • Operational BESS capacity crosses 4 GWh milestone, reaching 4.16 GWh
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*this image is generated using AI for illustrative purposes only.

ACME Solar Holdings has commissioned 66.68 MW of solar power capacity and a 300 MWh Battery Energy Storage System (BESS) in Bikaner, Rajasthan. The commissioning took place on September 16, 2026, expanding the company’s operational renewable energy portfolio.

This development involves two key components: Phase-I of a hybrid renewable energy project and Phase-I of a Front-Of-The-Meter (FDRE) storage project. Both are located at Kelan Village in Bikaner.

Hybrid Project Commissioning

Through its subsidiary ACME Renewtech Private Limited, the company commissioned 66.68 MW of solar capacity out of a total planned 300 MW solar component. This forms part of Acme Solar's first hybrid renewable energy project, which combines 300 MW of solar with 100 MW of wind capacity.

The Power Purchase Agreement (PPA) for this hybrid project has been signed with NTPC Limited. Long-term project financing is secured from PFC. Acme Solar expects to commission the entire 300 MW solar capacity by the end of Q3 FY27.

BESS Capacity Expansion

Separately, through subsidiary ACME Greentech Seventh Private Limited, the company commissioned Phase-I of the BESS component for its FDRE project. This phase comprises 53.63 MW / 300 MWh out of the project's total planned 300 MW / 1581 MWh BESS capacity.

This marks Acme Solar's first assured off-peak power supply project. The PPA was signed with SJVN Limited, with long-term finance provided by REC. The company aims to commission the entire BESS capacity for this project by Q3 of the current fiscal.

Operational Portfolio Update

With these additions, Acme Solar's total operational renewable energy capacity stands at approximately 3,057 MW. Its operational BESS capacity has crossed the 4 GWh milestone, reaching a total of 4.16 GWh.

Project Component Capacity Status Offtake Partner
Hybrid Solar (Phase-I) 66.68 MW Commissioned NTPC Limited
FDRE BESS (Phase-I) 53.63 MW / 300 MWh Commissioned SJVN Limited
Total Operational RE ~3,057 MW Active -
Total Operational BESS 4.16 GWh Active -

The disclosure was made as a voluntary submission to both BSE and NSE.

Historical Stock Returns for ACME Solar Holdings

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How will the integration of the 300 MW wind component in the hybrid project impact Acme Solar's overall capacity factor and revenue stability compared to standalone solar assets?

What are the projected margins for the FDRE BESS project given the specific off-peak power supply model with SJVN, and how does this compare to standard arbitrage strategies?

With financing secured from PFC and REC, what is the expected debt-equity structure for the remaining phases, and will this dilute existing shareholders or rely on internal accruals?

Acme Solar board clears plan to set up wholly owned UAE subsidiary

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Reviewed by
Suketu GScanX News Team
Key Highlights
  • Acme Solar Holdings board approved the creation of a wholly owned subsidiary in the UAE
  • The new entity will be fully owned by Acme Solar Holdings
  • The decision was cleared by the company's board of directors
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*this image is generated using AI for illustrative purposes only.

Acme Solar Holdings board has approved the incorporation of a wholly owned subsidiary in the UAE.

Board decision on UAE subsidiary

The board of Acme Solar Holdings cleared the proposal to create a new fully owned subsidiary in the United Arab Emirates. The decision reflects the company's intent to establish a direct corporate presence in the UAE through a dedicated entity.

Detail Information
Corporate action Incorporation of wholly owned subsidiary
Location UAE (United Arab Emirates)
Ownership structure Fully owned (100%)
Approving body Board of Directors

The establishment of a wholly owned subsidiary in the UAE would give Acme Solar Holdings direct operational and legal standing in the region under its full ownership.

Historical Stock Returns for ACME Solar Holdings

1 Day5 Days1 Month6 Months1 Year5 Years
+1.99%-0.40%+4.34%+58.80%+52.37%+72.29%
Disclaimer: This article is AI-generated using data from LiveSquawk. ScanX is not liable for any inaccuracies.

What specific solar projects or partnerships is Acme Solar Holdings targeting with its new UAE subsidiary?

How will the UAE subsidiary impact Acme Solar's revenue streams and profit margins in the coming fiscal years?

Does this expansion signal a broader strategy for Acme Solar to enter other Middle Eastern markets beyond the UAE?

More News on ACME Solar Holdings

1 Year Returns:+52.37%