ACME Solar Holdings Limited has achieved a significant milestone in renewable energy infrastructure by commissioning the first phase of its Battery Energy Storage System (BESS) project in Rajasthan. The company announced this development through a regulatory filing under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements.

Project Details and Specifications

The commissioned phase represents a substantial portion of the company's ambitious energy storage initiative. Through its wholly owned subsidiary ACME Suryodaya Private Limited, the company has successfully operationalized the initial capacity.

Strategic Deployment and Future Flexibility

The project will initially operate under a merchant capacity model, providing ACME Solar Holdings Limited with immediate revenue generation opportunities. However, the company has strategically retained flexibility to transition to long-term Power Purchase Agreements (PPAs) in the future, allowing for potential revenue optimization based on market conditions.

This merchant approach enables the company to capitalize on spot market opportunities while maintaining the option to secure stable, long-term contracts as the energy storage market evolves. The flexibility demonstrates the company's adaptive strategy in the dynamic renewable energy sector.

Project Significance and Scale

The BESS project represents a major investment in India's renewable energy storage infrastructure. With the first phase now operational, the project showcases the company's capability to execute large-scale energy storage solutions. The total planned capacity of 285 MW/600 MWh positions this as one of the significant battery storage projects in the region.

The Rajasthan location is strategically chosen, leveraging the state's abundant solar resources and supportive renewable energy policies. The project's phased approach allows for systematic scaling while ensuring operational efficiency and risk management.

Regulatory Compliance and Corporate Structure

The announcement was made in compliance with regulatory requirements, demonstrating the company's commitment to transparency and stakeholder communication. The project execution through ACME Suryodaya Private Limited, a wholly owned subsidiary, reflects the company's structured approach to project development and risk management.

This commissioning marks the beginning of what promises to be a transformative project for ACME Solar Holdings Limited, establishing its presence in the rapidly growing energy storage segment while contributing to India's renewable energy transition goals.

ACME Solar Holdings announced the execution of a significant Power Purchase Agreement through its subsidiary, marking another milestone in the company's renewable energy expansion. The agreement was disclosed under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements on February 19, 2026.

Project Details and Specifications

ACME Urja One Private Limited, a wholly owned subsidiary of ACME Solar Holdings Limited, has executed a Power Purchase Agreement with SECI Limited for a 190 MW ISTS-connected wind-solar hybrid power project. The project incorporates Battery Energy Storage System technology to ensure assured peak power supply capabilities.

Technical Requirements and Performance Metrics

The Power Purchase Agreement establishes specific performance parameters that ACME Urja One Private Limited must meet throughout the project tenure. The agreement requires supplying power with a minimum annual Capacity Utilisation Factor of 50% and mandates meeting 80% of peak power requirement on a daily basis during peak hours.

The project benefits from secured connectivity for all components including solar, wind, and Battery Energy Storage System. The tariff structure has received adoption by the Central Electricity Regulatory Commission, while the power procurement plan has obtained approval from the appropriate State Electricity Regulatory Commission.

Financial and Portfolio Impact

The 190 MW project represents the first phase of a larger 380 MW capacity development initiative. Power Finance Corporation Ltd has already provided financing for this project as part of the existing sanctioned project under Phase II, ensuring adequate financial backing for timely completion.

Regulatory Compliance and Documentation

The announcement was made pursuant to Regulation 30 of the Securities and Exchange Board of India Listing Obligations and Disclosure Requirements Regulations, 2015. The disclosure includes comprehensive details as required under SEBI Master Circular bearing reference number HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

The agreement represents a domestic contract with no related party transaction implications. SECI Limited, described as a AAA-rated Central Government enterprise, serves as the counterparty for this long-term power purchase arrangement. The completion timelines for connectivity and transmission system infrastructure align with the Commercial Operation Date requirements specified in the Power Purchase Agreement.