ACME Solar Holdings commissions 12 MW wind capacity at Gujarat project
ACME Solar Holdings commissioned additional 12 MW wind capacity at its Surendaranagar project in Gujarat, bringing total operational capacity to 68 MW of planned 100 MW. The project uses SANY's 4 MW turbines with Power Finance Corporation financing and includes a 25-year power purchase agreement with Gujarat Urja Vikas Nigam Limited. ACME Solar operates 2,958 MW of renewable capacity with 4,562 MW under construction across solar, wind, and energy storage technologies.
*this image is generated using AI for illustrative purposes only.
ACME Solar Holdings has successfully commissioned an additional 12 megawatts of wind power capacity at its Surendaranagar project in Gujarat, marking another milestone in the company's renewable energy expansion. The commissioning brings the facility's total operational capacity to 68 MW out of a planned 100 MW, demonstrating steady progress in the project's phased development approach.
Project Development and Certification
The commissioning was witnessed by officials from Gujarat Energy Development Agency (GEDA) and Paschim Gujarat Vij Company Limited (PGVCL), with formal certification expected shortly. The project is being developed in phases through ACME's subsidiary, ACME Eco Clean Energy Pvt Ltd, ensuring systematic capacity addition and operational efficiency.
| Project Parameter: | Details |
|---|---|
| Additional Capacity: | 12 MW |
| Total Operational Capacity: | 68 MW |
| Planned Total Capacity: | 100 MW |
| Location: | Surendaranagar, Gujarat |
| Development Entity: | ACME Eco Clean Energy Pvt Ltd |
Technical Specifications and Construction
The wind farm utilizes SANY's 4 MW turbines and was constructed using the company's in-house engineering, procurement and construction capabilities. Power Finance Corporation provided financing for the project, supporting the development of this renewable energy infrastructure. The integrated approach to project development demonstrates ACME Solar's comprehensive capabilities across the renewable energy value chain.
Revenue Arrangements and Market Position
Electricity generated from the facility will be sold under a 25-year power purchase agreement with Gujarat Urja Vikas Nigam Limited, ensuring long-term revenue stability for the project. This extended agreement provides predictable cash flows and supports the project's financial viability over its operational lifecycle.
| Company Portfolio: | Capacity |
|---|---|
| Current Operations: | 2,958 MW |
| Under Construction: | 4,562 MW |
| Battery Storage: | ~15 GWh |
ACME Solar currently operates 2,958 MW of renewable energy capacity with an additional 4,562 MW under construction. The company's portfolio includes solar, wind, energy storage, firm and dispatchable renewable energy, and hybrid solutions. It also operates approximately 15 gigawatt-hours of battery energy storage systems.
Company Operations and Market Performance
The Gurugram-based company manages end-to-end project development and operations through its integrated EPC and operations and maintenance divisions, positioning it as a major player in India's renewable energy sector. This comprehensive approach enables ACME Solar to maintain control over project quality and operational performance across its portfolio.
The shares of ACME Solar Holdings were trading at ₹215.03, down by ₹1.52 or 0.70 per cent on the NSE at 11:50 am, reflecting normal market fluctuations despite the positive operational development.
Historical Stock Returns for ACME Solar Holdings
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.01% | -5.31% | -7.17% | -23.26% | -6.09% | -15.32% |
20
