ACME Solar Holdings Limited has announced a significant milestone with the complete commissioning of its 100 MW wind power project in Gujarat. The company's subsidiary, ACME Eco Clean Energy Private Limited, commissioned the final 4 MW capacity on April 13, 2026, marking the successful completion of the entire project.

Project Completion Milestone

ACME Eco Clean Energy Private Limited has achieved full commissioning of its 100 MW wind power project located at Village: Titoda, Taluka: Sayla, Dist: Surendaranagar, Gujarat. The final 4 MW capacity was commissioned on April 13, 2026, completing the project that has been under progressive development.

Regulatory Oversight and Certification

The commissioning process was conducted under full regulatory compliance with Gujarat Energy Development Agency (GEDA) and Paschim Gujarat Vij Company Limited (PGVCL) officials witnessing and confirming the final capacity commissioning. The formal certificate for this milestone commissioning is expected to be issued shortly by the relevant authorities.

Project Development Journey

This achievement represents the culmination of a systematic project development approach that has been regularly communicated to stock exchanges. The company has provided consistent updates throughout the commissioning phases, with previous intimations dated from October 17, 2025, through April 08, 2026, demonstrating transparent stakeholder communication.

Strategic Significance

The successful completion of the 100 MW wind power project strengthens ACME Solar Holdings Limited's renewable energy portfolio and demonstrates the company's execution capabilities in wind power development. The project completion aligns with the company's strategic focus on expanding its renewable energy capacity across multiple technologies and geographical locations.

This milestone positions ACME Eco Clean Energy Private Limited with a fully operational 100 MW wind power facility, contributing to India's renewable energy capacity and supporting the company's growth in the clean energy sector.

ACME Solar Holdings has received a positive initiation from HSBC, with the investment bank assigning a Buy rating and setting a target price of ₹350. The recommendation reflects strong confidence in the company's renewable energy business model and growth trajectory.

Key Investment Highlights

HSBC's bullish stance is supported by several compelling factors that position ACME Solar Holdings favorably in the renewable energy landscape:

Strong Contracted Portfolio

The company's approximately 6GW contracted capacity serves as a cornerstone for future earnings predictability. This substantial pipeline provides ACME Solar Holdings with revenue visibility and reduces execution risk, making it an attractive investment proposition in the renewable energy sector.

Integrated Business Platform

ACME Solar Holdings operates a vertically integrated renewable platform, which allows the company to maintain better control over its value chain and optimize operational efficiency. This integrated approach enables the company to capture value across multiple stages of renewable energy project development and execution.

Advanced Technology Integration

The company's focus on Firm and Dispatchable Renewable Energy (FDRE) and Battery Energy Storage Systems (BESS) represents a strategic advantage. These technologies are expected to improve returns by addressing intermittency challenges in renewable energy generation and providing grid stability solutions.

Robust Growth Outlook

HSBC projects an impressive 72% EBITDA compound annual growth rate for ACME Solar Holdings over the FY26-28 period. This strong growth projection reflects the company's ability to capitalize on India's expanding renewable energy market and execute on its contracted capacity pipeline effectively.