ACME Solar Holdings subsidiary, ACME Aklera Power Technology Private Limited, has received a significant regulatory boost in the form of a INR 47.40 crore compensation from the Rajasthan Electricity Regulatory Commission (RERC). This decision marks a notable development in the renewable energy sector, particularly for solar power projects facing regulatory changes.

Compensation Details

The compensation awarded to ACME Aklera covers several key areas:

Impact on Project Revenue

The regulatory decision has significant implications for ACME Aklera's 250 MW solar project:

• Additional Revenue: 3.5% increase over 15 years
• Distribution Mechanism: Annuity-based at 9% discount rate

This compensation structure ensures a steady flow of additional income for the project, potentially improving its long-term financial viability.

Significance for Renewable Energy Sector

The RERC's decision is more than just a financial win for ACME Aklera. It sets a precedent for regulatory certainty in the renewable energy sector, which could have far-reaching implications:

1. Investor Confidence: Such rulings may boost investor confidence in renewable energy projects.
2. Risk Mitigation: It demonstrates regulatory bodies' willingness to address unforeseen financial burdens due to policy changes.
3. Industry Standard: This could potentially become a benchmark for similar cases across India's renewable energy landscape.

As the renewable energy sector continues to grow and evolve, regulatory decisions like this play a crucial role in shaping the industry's future. They not only provide financial relief to individual projects but also contribute to the overall stability and attractiveness of the sector for future investments.

ACME Solar Holdings Limited , a prominent player in the renewable energy sector, has announced significant changes in its senior management and provided updates on its regulatory proceedings. These developments highlight the company's ongoing efforts to navigate both internal transitions and external challenges in the dynamic solar energy market.

Management Restructuring

Sarthak Sengupta, Vice President-Procurement and a key member of ACME Solar's senior management team, has tendered his resignation due to personal reasons. The company confirmed that Sengupta will be relieved of his duties effective from the close of business hours on November 14, 2025. In its official statement, ACME Solar expressed gratitude for Sengupta's leadership and contributions during his tenure, wishing him well in his future endeavors.

This departure marks a significant change in the company's procurement division, potentially impacting its supply chain strategies and operations. The company has not yet announced a successor, leaving industry observers curious about the future direction of ACME Solar's procurement policies.

Regulatory Victory in Change in Law Case

In a separate development, ACME Solar reported a favorable outcome in a regulatory case involving its wholly-owned subsidiary, ACME Aklera Power Technology Private Limited. The Rajasthan Electricity Regulatory Commission (RERC) has issued a final order on November 13, 2025, granting substantial compensation for Change in Law events.

The key points of the RERC order are as follows:

The compensation addresses the increase in GST from 5% to 12% and the imposition of Basic Customs Duty on solar modules and cells. This ruling is significant for ACME Solar, as it helps mitigate the financial impact of regulatory changes on their operations.

Payment Mechanism and Future Actions

The RERC has stipulated that the admitted Change in Law amount will be payable through an annuity mechanism:

• Discount rate: 9%
• Payment period: 15 years or the balance PPA term, whichever is less
• Commencement: 60 days from the Order or submission of claims, whichever is later

It's worth noting that ACME Solar intends to appeal against the disallowance of certain claims amounting to approximately Rs. 7.82 crores before the Appellate Tribunal for Electricity, indicating the company's commitment to pursuing all avenues for financial recovery.

Investor Engagement

ACME Solar has also announced its participation in the upcoming JM Financial India Xchange 2025 Conference in Mumbai on November 19, 2025. This engagement with investors and analysts suggests the company's proactive approach to maintaining transparency and communication with its stakeholders during these times of change.

As ACME Solar navigates these internal changes and regulatory landscapes, the renewable energy sector will be watching closely to see how these developments impact the company's market position and future strategies in the competitive solar power industry.