ACME Solar Holdings , a prominent player in the renewable energy sector, has recently outlined its strategic plans for fiscal year 2026, showcasing a robust roadmap for capacity expansion and diversification into energy storage systems.

Renewable Energy Capacity Expansion

The company has set an ambitious target to commission 450MW of renewable energy capacity by FY26. Significant progress has already been made towards this goal:

The 72MW under advanced construction is expected to be completed by early January, putting ACME Solar Holdings on track to meet its capacity expansion targets.

Venture into Energy Storage

In a strategic move to diversify its portfolio, ACME Solar Holdings plans to operate a substantial 1GWh of battery energy storage system (BESS) on a merchant basis. This initiative is slated to commence operations from Q4 FY26 and is projected to generate significant financial benefits:

This move into energy storage systems demonstrates ACME Solar's commitment to addressing the intermittency challenges associated with renewable energy and potentially capitalizing on energy arbitrage opportunities.

Capital Expenditure Guidance

To support its ambitious growth plans, ACME Solar Holdings has provided a substantial capital expenditure (CapEx) guidance for FY26:

This significant investment underscores the company's confidence in the renewable energy sector's growth potential and its commitment to expanding its market presence.

Financial Transparency

In line with regulatory requirements, ACME Solar Holdings has been diligent in its financial reporting. As per the latest LODR (Listing Obligations and Disclosure Requirements) data, the company published its unaudited financial results for the second quarter and half year ended September 30, 2025, in both English (Financial Express) and Hindi (Jansatta) newspapers on November 5, 2025.

The company has also made these financial results accessible through a Quick Response code and a weblink, demonstrating its commitment to transparency and ease of access to financial information for investors and stakeholders.

Conclusion

ACME Solar Holdings' FY26 plans reflect a comprehensive strategy focusing on capacity expansion, diversification into energy storage, and substantial capital investment. These initiatives position the company to potentially capitalize on the growing demand for renewable energy and the increasing need for grid stability solutions. As the renewable energy landscape continues to evolve, ACME Solar's strategic moves may be closely watched by industry observers and investors alike.

ACME Solar Holdings , a leading player in India's renewable energy sector, has reported a stellar performance for the second quarter of fiscal year 2026, while simultaneously announcing ambitious targets for 2030. The company's financial results and strategic plans underscore its commitment to expanding its footprint in the renewable energy landscape.

Financial Highlights

ACME Solar's Q2 FY26 results showcase remarkable growth across key financial metrics:

The company's profit after tax (PAT) saw an extraordinary surge of 652.10% year-on-year, reaching ₹115.00 crore. This substantial increase was accompanied by a robust growth in total revenue, which more than doubled to ₹601.00 crore. The EBITDA also showed significant improvement, rising by 108.30% to ₹534.00 crore.

Operational Performance

ACME Solar's operational metrics also demonstrated strong growth:

• Power generation increased by 133.80% to 1,539 million units in Q2 FY26.
• Capacity utilization factor improved from 22.20% in Q2 FY25 to 24.10% in Q2 FY26.
• Plant availability and grid availability remained high at 99.50% and 99.40% respectively.

Strategic Expansion and Future Targets

ACME Solar has set ambitious targets for 2030, aiming to achieve:

• 10 GW of renewable energy capacity
• 15 GWh of Battery Energy Storage Systems (BESS)

Progress towards these goals includes:

• Partial commissioning of a 28 MW wind project in Gujarat, bringing the total commissioned capacity in H1 FY26 to 378 MW.
• Winning bids for 720 MW/2,460 MWh of solar and energy storage projects, and 550 MWh of standalone BESS.
• Signing Power Purchase Agreements (PPAs) for 5,180 MW of capacity.
• Securing orders for 5.1 GWh in BESS, with the first phase of delivery scheduled for December 2025.

Financial Strategy and Credit Rating

The company's financial strategy focuses on securing funding and optimizing costs:

• Debt tied up for approximately ₹7,050.00 crore for 680 MW of Firm and Dispatchable Renewable Energy (FDRE) projects.
• Refinancing of ₹1,100.00 crore at 8.40% p.a. for a 300 MW operational project.
• Interest rate reductions on existing loans, including a 75 bps reduction on ₹2,080.00 crore debt for 600 MW of SECI ISTS projects.

ACME Solar's credit rating has been upgraded to AA-/Stable by both CRISIL and ICRA, reflecting the company's strong financial position and growth prospects.

Management Commentary

Manoj Kumar Upadhyay, Chairperson & MD of ACME Solar Holdings Ltd, commented on the results: "Our quarterly performance underscores the continued strength of our renewable portfolio and our operational discipline. With higher generation and improved efficiency, we delivered resilient financial performance - achieving more than 100% growth in EBITDA on y-o-y basis."

Upadhyay also highlighted the company's focus on BESS technology, stating, "In October 2025, we successfully installed a 10 MWh Battery Energy Storage System (BESS) on a pilot basis in Rajasthan. Looking ahead, phased delivery of the 5.1 GWh BESS order is expected to commence in December, with staged commissioning from Q4 FY26 onwards."

As ACME Solar continues to expand its renewable energy portfolio and venture into energy storage solutions, the company appears well-positioned to capitalize on the growing demand for clean energy in India. With its strong financial performance, strategic expansion plans, and focus on technological advancements, ACME Solar is poised to play a significant role in India's transition to a more sustainable energy future.