ACME Solar Completes Second Phase Of 38 MW BESS Project In Rajasthan

ACME Solar Holdings Limited has achieved another significant milestone in renewable energy infrastructure by commissioning the second 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 Progress and Latest Development

Following the successful commissioning of the first phase, the company has now operationalized the second phase through its wholly owned subsidiary ACME Suryodaya Private Limited. This latest achievement demonstrates the company's systematic approach to scaling its energy storage infrastructure with the addition of 38 MW/82 MWh capacity.

Parameter:	Phase-I	Phase-II	Combined Capacity
Capacity:	19 MW/38 MWh	38 MW/82 MWh	57 MW/120 MWh
Status:	Operational	Operational	Active

Complete Project Specifications

The BESS project represents a substantial investment in India's renewable energy storage infrastructure, with the combined phases now contributing significantly to the overall project capacity.

Parameter:	Details
Total Operational Capacity:	57 MW/120 MWh
Total Project Capacity:	285 MW/600 MWh
Location:	Village Sanwara and Mehar Nagar, Tehsil-Pokhran
District:	Jaisalmer, Rajasthan
Operating Entity:	ACME Suryodaya Private Limited
Completion Percentage:	20% of total capacity

Strategic Implementation and Market Approach

The project continues to operate under a merchant capacity model, providing ACME Solar Holdings Limited with immediate revenue generation opportunities from both operational phases. The company maintains strategic flexibility to transition to long-term Power Purchase Agreements (PPAs) in the future, allowing for potential revenue optimization based on evolving market conditions.

This merchant approach enables the company to capitalize on spot market opportunities while maintaining options to secure stable, long-term contracts as the energy storage market develops. The phased commissioning strategy demonstrates effective project management and risk mitigation.

Project Scale and Regional Impact

With 57 MW/120 MWh now operational, the project showcases ACME Solar Holdings Limited's capability to execute large-scale energy storage solutions systematically. The Rajasthan location strategically leverages the state's abundant solar resources and supportive renewable energy policies.

The successful commissioning of two phases within a short timeframe reflects the company's operational efficiency and project execution capabilities. The remaining phases of the 285 MW/600 MWh project will further establish the company's presence in India's rapidly growing energy storage segment.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+6.02%	+8.33%	+15.17%	-4.07%	+37.30%	+6.42%

ACME Solar Holdings Limited has announced a major development in its renewable energy portfolio through the execution of Power Purchase Agreements totaling 450 MW capacity. The company's wholly owned subsidiary, ACME Greentech Seventh Private Limited, has signed two separate PPAs with SJVN Limited under a Firm and Dispatchable Renewable Energy (FDRE) Power Project.

Agreement Details

The power purchase agreements encompass significant capacity and favorable commercial terms for the renewable energy project:

Parameter:	Details
Contract Capacity:	300 MW and 150 MW (Total: 450 MW)
Counterparty:	SJVN Limited
Project Type:	Firm and Dispatchable Renewable Energy (FDRE)
Tariff Rate:	Rs. 6.74 per unit
Scheduled Commencement:	March 1, 2028
Project Tenure:	25 years from commencement date

Project Structure and Timeline

The agreements are structured as two separate contracts for 300 MW and 150 MW capacities respectively, both falling under the FDRE category. The Scheduled Commencement of Supply Date (SCSD) is set for March 1, 2028, providing the company with adequate time for project development and commissioning.

Regulatory Compliance

ACME Solar Holdings has disclosed this information in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has confirmed that:

The agreements are with a domestic entity
No promoter or group company interest exists in the awarding entity
The contracts do not constitute related party transactions
This disclosure is made voluntarily by the company

Strategic Significance

The execution of these PPAs represents a substantial addition to ACME Solar Holdings' project pipeline, with the 450 MW combined capacity strengthening the company's position in India's renewable energy sector. The 25-year tenure provides long-term revenue visibility, while the FDRE classification indicates the project's capability to provide reliable, dispatchable renewable power.

The agreements follow the company's earlier intimation dated November 11, 2025, demonstrating the progression from initial announcement to formal contract execution. With the scheduled commencement date of March 2028, the company has established a clear timeline for project development and commercial operations.