ACME Solar Holdings to Consider Equity Fundraising in Upcoming Board Meeting

1 min read     Updated on 23 Aug 2025, 12:23 PM
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Reviewed by
Riya DeyBy ScanX News Team
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Overview

ACME Solar Holdings Limited has announced a board meeting for August 27, 2025, to consider a fundraising proposal through equity instruments. The board will evaluate options including Qualified Institutions Placement (QIP), Further Public Offer (FPO), and Private Placement. The proposal aims to raise funds by issuing equity shares or equity-linked instruments, subject to regulatory and shareholder approvals. The company plans to convene an Annual General Meeting (AGM) for shareholder approval. This move could indicate ACME Solar's intentions for expansion or strengthening its financial position in the growing renewable energy sector.

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*this image is generated using AI for illustrative purposes only.

ACME Solar Holdings Limited, a prominent player in the solar energy sector, has announced a crucial board meeting scheduled for August 27, 2025. The meeting agenda includes deliberations on a significant fundraising proposal through various equity instruments, signaling potential expansion plans for the company.

Key Highlights of the Upcoming Board Meeting

  • Date: August 27, 2025
  • Primary Agenda: Consideration of fundraising through equity issuance
  • Fundraising Options:
    • Qualified Institutions Placement (QIP)
    • Further Public Offer (FPO)
    • Private Placement
    • Or a combination of these methods

Fundraising Proposal Details

The board will evaluate and potentially approve a proposal to raise funds by issuing equity shares or other equity-linked instruments. This move could indicate ACME Solar's intentions to bolster its financial position, possibly for expansion, debt reduction, or investment in new projects.

Regulatory Compliance and Shareholder Approval

ACME Solar has emphasized that the fundraising proposal will be subject to:

  1. Necessary regulatory approvals
  2. Shareholder approval

To this end, the board will also consider convening an Annual General Meeting (AGM) to seek shareholder approval for the fundraising proposal.

Company's Official Statement

In an official communication to the stock exchanges, Rajesh Sodhi, Company Secretary and Compliance Officer of ACME Solar Holdings Limited, stated, "A meeting of the Board of Directors of the Company is scheduled to be held on Wednesday, August 27, 2025, to consider and approve the proposal of raising funds by way of issuance of equity shares or any other equity-linked instruments or securities, through permissible modes."

Market Implications

This announcement comes at a time when the renewable energy sector, particularly solar, is experiencing significant growth and attention from investors. ACME Solar's move to explore fundraising options could be seen as a strategic step to capitalize on market opportunities and strengthen its position in the competitive solar energy landscape.

Investors and market analysts will be keenly watching the outcome of this board meeting, as it could have substantial implications for ACME Solar's future growth trajectory and market valuation.

As the solar energy sector continues to evolve rapidly, ACME Solar's potential fundraising initiative may well position the company to take advantage of emerging opportunities in the renewable energy space.

Disclaimer: This article is based on the official announcement made by ACME Solar Holdings Limited. Investors are advised to conduct their own research and consult financial advisors before making any investment decisions.

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ACME Solar Secures INR 3,184 Crore Funding from REC Ltd for 280MW Renewable Energy Project

2 min read     Updated on 13 Aug 2025, 08:34 AM
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Reviewed by
Radhika SahaniBy ScanX News Team
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Overview

ACME Solar's subsidiary, ACME Hybrid Urja Private Limited, has secured INR 3,184 crore in long-term project financing from REC Limited for a 280 MW Firm & Dispatchable Renewable Energy (FDRE) Project. The project combines solar and Battery Energy Storage System technologies, ensuring higher predictability and dispatchability of renewable energy. A 25-year Power Purchase Agreement has been signed with NHPC at INR 4.64 per unit. This marks REC's third financing for ACME Solar's FDRE projects, highlighting lender confidence in the company's capabilities. ACME Solar, a top 10 renewable energy producer in India, has 2,890 MW operational capacity and 4,080 MW under construction.

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*this image is generated using AI for illustrative purposes only.

ACME Solar Holdings Limited , a leading player in India's renewable energy sector, has achieved a significant milestone in its expansion efforts. The company's wholly-owned subsidiary, ACME Hybrid Urja Private Limited, has successfully secured long-term project financing of INR 3,184.00 crore from REC Limited for the development of a 280 MW Firm & Dispatchable Renewable Energy (FDRE) Project.

Project Details

The project, which combines solar and Battery Energy Storage System (BESS) technologies, is designed to meet a minimum annual capacity utilization factor of 40% and peak hours availability of 90% monthly. This innovative approach ensures higher predictability and dispatchability of renewable energy, addressing one of the key challenges in the sector.

Financing and Contract Terms

REC Limited will serve as the sole lender for this project, providing long-term financing for 18 years. This marks REC's third financing initiative for ACME Solar's FDRE projects, following earlier financing of two other FDRE projects with a cumulative capacity of 570 MW. The repeated collaboration underscores the strong confidence of leading lenders in ACME Solar's project development and execution capabilities.

ACME Hybrid Urja Private Limited has signed a 25-year Power Purchase Agreement (PPA) with NHPC at a tariff of INR 4.64 per unit. This long-term agreement ensures a stable revenue stream for the project while providing clean energy at a competitive rate.

Impact and Significance

The project is expected to contribute significantly to reducing greenhouse gas emissions and support India's energy transition goals. It aligns with the government's ambitious renewable energy targets and demonstrates the growing confidence in India's renewable energy sector.

ACME Solar's Portfolio

ACME Solar Holdings Limited has established itself as one of the top 10 renewable energy Independent Power Producers in India. The company boasts an impressive portfolio:

Category Capacity
Operational 2,890 MW
Under Construction 4,080 MW
Standalone BESS 550 MWh

The company's diverse portfolio spans across solar, wind, storage, hybrid, and FDRE projects, positioning it as a fully integrated renewable energy player in the Indian market.

Future Outlook

With this latest financing secured, ACME Solar continues to strengthen its position in the renewable energy sector. The company's focus on innovative technologies and its ability to secure long-term financing and PPAs indicate a promising future in India's evolving energy landscape.

As the renewable energy sector in India continues to grow, projects like this 280 MW FDRE initiative by ACME Solar are likely to play a crucial role in meeting the country's clean energy objectives and reducing its carbon footprint.

Historical Stock Returns for ACME Solar Holdings

1 Day5 Days1 Month6 Months1 Year5 Years
+4.30%+7.44%+12.15%+56.47%+19.81%+19.81%
ACME Solar Holdings
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