ACME Solar Holdings subsidiary ACME Eco Clean Energy Private Limited has commissioned an additional 8 MW capacity in its 100 MW wind power project in Gujarat, marking the third phase of the ambitious renewable energy initiative. The commissioning was witnessed and confirmed by Gujarat Energy Development Agency (GEDA) and Paschim Gujarat Vij Company Limited (PGVCL) officials, with formal certification expected shortly.

Project Milestone Achievement

The latest commissioning brings the wind project's total operational capacity to 52 MW out of the planned 100 MW facility. This represents a significant advancement from the earlier phased commissioning of 44 MW, demonstrating the company's systematic approach to large-scale renewable energy deployment.

Enhanced Operational Portfolio

This milestone enhances ACME Solar's total operational capacity to 2,942 MW, reinforcing its position as a leading integrated renewable energy player. The company maintains a diversified portfolio spanning solar, wind, storage, and hybrid solutions with an operational capacity of 2,942 MW and under-construction capacity of 4,578 MW including battery energy storage systems.

Project Financing and Implementation

The wind power project has been financed through Power Finance Corporation (PFC) and constructed through in-house EPC capabilities, deploying SANY's 4 MW turbines. The power generated from the project will be sold through a 25-year Power Purchase Agreement (PPA) signed between ACME Eco Clean and Gujarat Urja Vikas Nigam Limited.

Strategic Implementation Approach

The phased commissioning strategy allows ACME Solar to manage operational complexities while ensuring systematic capacity addition. Gujarat's favorable wind conditions and supportive policy framework make it an ideal location for this renewable energy expansion, positioning the project strategically within one of India's leading renewable energy states.

ACME Solar Holdings Limited has issued a regulatory filing to clarify media reports regarding transmission constraints affecting solar projects in Rajasthan. The clarification addresses concerns raised in a Press Trust of India report which suggested that nearly 4,300MW of solar projects, including those developed by ACME, were facing full curtailment during daytime hours due to exhausted transmission margins.

Project Status and GNA Approval

The company has confirmed that its 300MW solar project developed by ACME Sikar Solar Pvt Ltd remains unaffected by the reported transmission constraints. The project has achieved a significant milestone with the receipt of Long Term General Network Access (GNA) effectiveness approval.

Transmission Infrastructure Development

The commissioning of the Narela-Khetri transmission line has brought substantial improvements to the transmission infrastructure in Rajasthan. This development has enabled the Long Term GNA to become effective for approximately 4,300MW of solar projects across various developers in the region.

The new transmission capacity has significantly alleviated the constraints that were previously highlighted in media reports, ensuring better evacuation capabilities for solar projects in the state.

Company Portfolio Overview

ACME Solar Holdings Limited operates as an integrated renewable energy player with a diversified portfolio spanning multiple technologies and solutions:

The company maintains an in-house EPC and O&M division, enabling end-to-end development and operations management of plants. This integrated approach allows ACME Solar to deliver projects in a time and cost-effective manner while ensuring industry-leading capacity utilization factors and operating performance.

Regulatory Compliance

The clarification was filed under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was submitted to both BSE Limited and National Stock Exchange of India Limited, with the company requesting that the exchanges take the clarification on record.

Conclusion

ACME Solar Holdings has clarified that its 300MW Rajasthan project has received Long Term GNA effectiveness approval and is evacuating full capacity, unaffected by transmission constraints. This statement reinforces the company's earlier clarification and confirms the operational status of the project.