ACME Solar Holdings has issued a clarification regarding recent media reports, asserting that there has been no revocation of grid connectivity for any of its projects. The company's statement comes in response to speculation circulating in the media about the status of grid access for various clean energy projects in India.

Addressing Media Speculation

The clarification from ACME Solar was prompted by a Reuters news report dated September 8, 2025, titled "India revokes grid access for 17 GW of clean energy projects, says source." The report suggested that India had cancelled grid access for nearly 17 gigawatts (GW) of delayed clean energy projects to prioritize connections for those that are operational or nearing completion.

ACME Solar's Official Statement

In an official communication to the BSE Limited and the National Stock Exchange of India Ltd, ACME Solar categorically stated:

"It is clarified that no revocation of any of the connectivity of projects of ACME Solar Holdings Ltd is in effect as of today, and we have not received information in respect to any such revocation/cancellation from CTUIL (Central Transmission Utility of India Limited)."

Regulatory Compliance

The company further emphasized its commitment to regulatory compliance, stating that it has been regularly submitting necessary disclosures to the Stock Exchanges as required under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Industry Context

The Reuters report had mentioned several companies, including Adani Green, ReNew Power, NTPC, Avaada Group, JSW Energy, and ACME Solar, as potentially affected by the alleged grid access cancellations. However, ACME Solar's clarification suggests that, at least in its case, the report may have been inaccurate or premature.

Implications for the Clean Energy Sector

This development highlights the sensitivity of information in the rapidly evolving clean energy sector in India. It underscores the importance of official communications from companies in clarifying market rumors and media reports that can potentially impact investor sentiment and market dynamics.

ACME Solar's prompt response to the media reports demonstrates the company's proactive approach to maintaining transparency with its stakeholders. As the clean energy landscape in India continues to expand, clear communication between project developers, regulatory bodies, and the media will be crucial in ensuring accurate information dissemination to the public and investors alike.

The company has assured that it will continue to provide necessary disclosures in accordance with listing regulations, as required from time to time. Investors and stakeholders are advised to rely on official company statements and regulatory filings for accurate information regarding ACME Solar's projects and operations.

ACME Solar Holdings , a leading integrated renewable energy player, has made a significant move to enhance its energy storage capabilities by placing an order for a 2 GWh Battery Energy Storage System (BESS) through Posco International Corporation. This strategic decision marks a substantial expansion in the company's commitment to renewable energy solutions.

Order Details

The order, placed with Chuzhou Lishen New Energy Technology Co., Ltd., will be facilitated through Posco International Corporation and China FAW Group Import and Export Co., Ltd. The 2 GWh BESS is scheduled for delivery in phases over the next six to ten months.

Deployment and Timeline

ACME Solar Holdings plans to deploy the newly acquired BESS across its Firm & Dispatchable Renewable Energy (FDRE) projects and standalone BESS initiatives. These projects are slated for commissioning within the next 12 to 18 months, indicating the company's rapid expansion in the renewable energy sector.

Strategic Importance

Nikhil Dhingra, CEO of ACME Solar Holdings, emphasized the strategic importance of this procurement, stating, "With this latest order, ACME Solar's cumulative BESS procurement surpasses 5 GWh, following a previous order of 3.1 GWh BESS placed in July." He further explained that this purchase would play a crucial role in mitigating project commissioning risks and accelerating overall project delivery timelines.

Market Implications

Jason Lee, Director of Posco International, highlighted the significance of this deal for the Indian market, describing it as "the most promising BESS market in the world." This partnership is expected to diversify Posco International's activities in India and strengthen its relationship with ACME Solar Holdings.

Supplier Perspective

Lu TianJun, General Manager of Lishen, expressed the company's commitment to contributing to energy efficiency initiatives in the Indian market. Lishen, with its 27-year legacy in lithium-ion battery R&D and manufacturing, brings substantial expertise to this collaboration.

ACME Solar's Position

ACME Solar Holdings has established itself as a key player in the renewable energy sector, boasting a diversified portfolio that includes solar, wind, storage, FDRE, and hybrid solutions. The company currently operates with a capacity of 2,890 MW and manages end-to-end development and operations & maintenance of its plants.

This latest BESS order underscores ACME Solar Holdings' commitment to expanding its renewable energy capabilities and solidifies its position as a forward-thinking player in the sustainable energy landscape.