ACME Solar Holdings Limited has announced a significant milestone in its renewable energy expansion efforts. The company's subsidiary, ACME Eco Clean Energy Private Limited, has commissioned the second phase of its 100 MW wind power project in Gujarat.

Project Details

• Commissioned Capacity: 16 MW (second phase)
• Total Project Capacity: 100 MW
• Location: Villages of Dhakaniya, Dhajala, and Dhandhalpur, Taluka Sayla, Surendranagar District, Gujarat
• Certifying Authority: Gujarat Energy Development Agency (GEDA)
• Date of Commissioning Certificate: December 09, 2025

This development marks a step in ACME Solar's commitment to expanding its renewable energy portfolio and contributing to India's clean energy goals.

Financial Context

While the news primarily focuses on the operational aspect, it's worth noting ACME Solar's financial position to provide context for its expansion activities:

The increase in fixed assets and investments over the past year aligns with the company's expansion in renewable energy projects, including this wind power initiative in Gujarat.

Implications

The commissioning of this 16 MW phase demonstrates ACME Solar's progress in executing its renewable energy projects. As the company continues to expand its operational capacity, it may contribute to:

1. Increased clean energy generation in Gujarat
2. Progress towards India's renewable energy targets
3. Potential growth in ACME Solar's revenue and market position in the renewable energy sector

Investors and industry observers may keep a close eye on ACME Solar's future project completions and their impact on the company's financial performance.

ACME Solar Holdings Limited has made a significant stride in expanding its renewable energy portfolio. The company's wholly-owned subsidiary, ACME Platinum Urja Private Limited, has signed a 25-year Power Purchase Agreement (PPA) with Solar Energy Corporation of India (SECI) Limited for a 200 MW solar project with 100 MW/400 MWh battery storage capacity.

Key Highlights of the Agreement

• Project Capacity: 200 MW solar with 100 MW/400 MWh battery storage
• Tariff: ₹3.42 per unit
• PPA Duration: 25 years
• Scheduled Commissioning: June 2027

Impact on ACME Solar's Portfolio

This agreement marks a significant expansion for ACME Solar:

• Increases total PPA-signed capacity to 5,380 MW
• Adds 800 MW of contracted capacity in the current financial year
• Includes 2,320 MWh of Battery Energy Storage System (BESS) capacity

Project Specifications

The project comes with specific performance requirements:

• Annual Capacity Utilization Factor (CUF) of 25%-27% during solar hours
• Minimum availability of 70% monthly and 85% annually during evening peak hours

Financial Perspective

To understand the financial context of this agreement, let's look at ACME Solar's recent balance sheet data:

The significant increase in fixed assets and investments over the past year aligns with ACME Solar's expansion strategy, as evidenced by this new PPA. The company's growing equity base also suggests a strong financial position to support such large-scale projects.

Conclusion

This PPA represents a major step for ACME Solar in strengthening its position in the renewable energy sector. The integration of battery storage in the project showcases the company's commitment to addressing the intermittency challenges associated with solar power. As the project progresses towards its 2027 commissioning date, it will be interesting to observe how this addition impacts ACME Solar's financial performance and market standing in the evolving clean energy landscape.