ACME Solar Holdings Limited , a prominent player in the renewable energy sector, has taken a significant step forward in its wind power initiatives. The company recently announced the successful commissioning of 26.4 MW capacity as part of its larger 50 MW wind power project located in Shapar, Gujarat.

Operational Capacity Boost

With this latest addition, ACME Solar has increased its operational capacity to an impressive 2,731.4 MW. This milestone underscores the company's commitment to expanding its renewable energy footprint and contributing to India's clean energy goals.

Project Details

The wind power project in Shapar, Gujarat, holds strategic importance for both ACME Solar and the state's power sector :

• Total Project Capacity: 50 MW
• Commissioned Capacity: 26.4 MW (First Phase)
• Location: Shapar, Gujarat
• Power Purchase Agreement: 25-year contract with Gujarat Urja Vikas Nigam Limited (GUVNL)

The long-term agreement with GUVNL ensures a stable revenue stream for ACME Solar while providing clean energy to the state grid.

ACME Solar's Growing Portfolio

This commissioning marks another achievement in ACME Solar's expansive renewable energy portfolio:

The company's portfolio spans various renewable technologies, showcasing its diversified approach to clean energy generation.

Future Outlook

As ACME Solar continues to commission the remaining capacity of the Shapar wind power project, it is poised to further strengthen its position in the renewable energy market. The completion of the full 50 MW project will contribute to India's wind power capacity and support the country's transition towards sustainable energy sources.

This latest development reaffirms ACME Solar's role as a key player in India's renewable energy landscape, with a strong focus on wind power alongside its other clean energy initiatives.

ACME Solar Holdings , a prominent player in the renewable energy sector, has released its fourth-quarter financial results, showcasing a significant revenue increase amid a year-over-year decline in net profit.

Revenue Soars

The company reported a substantial rise in revenue, reaching ₹4.87 crore in Q4, marking a remarkable 65% increase from ₹2.95 crore in the same quarter of the previous year. This impressive top-line growth underscores ACME Solar's expanding operations and market presence in the solar energy industry.

Profit Performance

Despite the robust revenue growth, ACME Solar's consolidated net profit for Q4 stood at ₹1.22 crore, representing a significant decrease from ₹5.32 crore reported in the corresponding quarter of the previous year. However, it's worth noting that the profit showed a slight improvement on a sequential basis, up from ₹1.12 crore in the preceding quarter.

Financial Highlights

To provide a clearer picture of ACME Solar Holdings' Q4 performance, here's a summary of the key financial metrics:

All figures in crores of rupees

The contrasting trends in revenue and profit suggest that while ACME Solar has successfully expanded its operations, it may be facing challenges in maintaining profitability. Factors such as increased operational costs, market competition, or investments in growth initiatives could be influencing the company's bottom line.

As the renewable energy sector continues to evolve, ACME Solar Holdings' mixed financial results reflect the dynamic nature of the industry. Stakeholders will likely be watching closely to see how the company balances its growth strategy with profitability in the coming quarters.