ACME Solar Holdings has commissioned a 33.331 MW/120.384 MWh Battery Energy Storage System (BESS) project in Rajasthan, expanding its operational footprint in the energy storage sector. The project, located at Village Badi Sid in Phalodi and Jodhpur, was commissioned on June 12, 2026, through its wholly owned subsidiary, ACME Sun Power Private Limited. The Commercial Operation Date (COD) is scheduled for June 14, 2026.

Project Details

The newly commissioned capacity adds to the subsidiary's existing portfolio, bringing the total commissioned capacity of ACME Sun Power Private Limited to 300 MW/1404.320 MWh. The development aligns with the company's strategy to enhance its energy storage capabilities.

Regulatory Context

The intimation was made to BSE Limited and the National Stock Exchange of India Ltd in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was signed by Rajesh Sodhi, Company Secretary and Compliance Officer of ACME Solar Holdings Limited.

Acme Solar Holdings has successfully concluded its ₹2,800 crore Qualified Institutional Placement (QIP), marking its first equity capital raise since listing in 2024. The transaction, which closed on June 05, 2026, garnered strong participation from a mix of existing and new marquee investors, reflecting deep investor conviction in the company's execution capabilities and capacity expansion pipeline. The proceeds from the issue will be utilized to reduce leverage and enhance the overall balance sheet strength.

Key Investors and Advisors

The fundraise saw participation from leading domestic mutual funds, major insurance companies, and foreign institutional investors. Key participants included SBI Mutual Fund, Nippon MF, HDFC MF, ICICI Prudential MF, Kotak MF, SBI Life Insurance, ICICI Prudential Life Insurance, BlackRock, Amundi, Goldman Sachs, Abu Dhabi Investment Authority, and Pictet.

ICICI Securities Limited and IIFL Capital Services Limited acted as the Book Running Lead Managers to the QIP. Shardul Amarchand Mangaldas & Co served as the Legal Counsel to the company, while Cyril Amarchand Mangaldas and Hogan Lovells were the Legal Counsels to the Book Running Lead Managers.

Company Profile

Acme Solar Holdings Limited is a leading integrated renewable energy player with an aggregated contracted capacity of 8,070 MW. The company develops, builds, owns, operates, and maintains utility-scale renewable energy projects through its in-house engineering, procurement, and construction division and operation and maintenance team. It generates stable, long-term revenue through fixed-tariff power purchase agreements for the sale of electricity to various off-takers, including central and state government-backed entities.