ACME Solar Holdings Share News - Latest Updates, Live News & More

Latest news about ACME Solar Holdings

ACME Solar Expands Renewable Portfolio with 28 MW Wind Power Project in Gujarat 19 hours ago Yesterday

ACME Solar Holdings Limited has commissioned the first phase of a 28 MW wind power project in Surendaranagar, Gujarat, part of a larger 100 MW capacity plan. The project, located in one of India's highest wind resource regions, uses 4 MW turbines supplied by SANY and is financed by Power Finance Corporation. It has a 25-year power purchase agreement with Gujarat Urja Vikas Nigam Limited. This addition brings ACME Solar's total operational capacity to 2,918 MW, reinforcing its position in India's renewable energy sector.

ACME Solar Secures 25-Year PPA with Tata Power for 50 MW Renewable Energy Project 1 day ago Yesterday

ACME Solar Holdings to Boost Stake in Subsidiary to 99.66% with ₹1.5 Crore Investment 8 days ago

ACME Solar Secures AA-/Stable Rating, Boosting Financial Strength Oct 07, 2025

ACME Solar Secures 'ICRA AA-/Stable' Rating, Highest Credit Rating from ICRA Limited Oct 03, 2025

More news about ACME Solar Holdings

24Sept 25

ACME Solar's 250 MW Project Secures ICRA AA-/Stable Rating Upgrade

ICRA upgrades ACME Solar Holdings' 250 MW renewable energy project rating to 'ICRA AA-/Stable' from 'ICRA A+/Stable'. The upgrade applies to ACME Aklera Power Technology Private Limited's INR 1,072.00 crore term loan facility. Factors contributing to the upgrade include strengthened credit profile, robust revenue visibility, healthy generation performance, and successful refinancing. The project benefits from a 25-year PPA with SECI, ensuring predictable cash flows. ACME Solar Holdings, with 2,890 MW operational capacity, is a leading integrated renewable energy player in India.

23Sept 25

ACME Solar Secures Rs 1,100 Crore SBI Refinancing for 300 MW Rajasthan Project

ACME Solar Holdings Limited has obtained Rs 1,100 crore in refinancing from the State Bank of India for its subsidiary's 300 MW renewable energy project in Rajasthan. The deal, with a tenure of approximately 17 years, reduces financing costs by about 100 basis points. The project, operational for about 6 months, maintains optimum capacity utilization factor levels and has a CRISIL AA- rating. This refinancing aligns with ACME Solar's strategy to optimize its financial structure and enhance its credit profile. ACME Solar currently has an operational capacity of 2,890 MW across solar, wind, storage, and hybrid solutions.

14Sept 25

ACME Solar Holdings Terminates Acquisition of AK Renewable Infra

ACME Solar Holdings Limited has terminated its share purchase agreement (SPA) for the acquisition of AK Renewable Infra Private Limited. The agreement, originally executed on September 5, 2025, was mutually terminated on September 13, 2025. The company informed stock exchanges about this development through a regulatory filing on September 14, 2025, stating that both parties agreed not to proceed with the transaction after discussions.

11Sept 25

ACME Solar Secures ₹3,892 Crore Funding from SBI for 400 MW Solar Project

ACME Solar Holdings Limited's subsidiary, ACME Venus Urja Private Limited, has obtained ₹3,892 crore in project funding from the State Bank of India (SBI) for a 400 MW Firm and Dispatchable Renewable Energy (FDRE) project in Barmer, Rajasthan. The project combines solar power generation with Battery Energy Storage System (BESS) technology. It has a 19-year repayment period and a Power Purchase Agreement with NHPC at ₹4.64/Unit. This marks ACME Solar's largest financing from SBI and SBI's first financing for ACME's FDRE projects.

10Sept 25

ACME Solar Refutes Media Reports on Grid Connectivity Revocation

ACME Solar Holdings has issued a clarification stating that none of its projects have had their grid connectivity revoked, contrary to recent media reports. The company was responding to a Reuters article suggesting that India had cancelled grid access for nearly 17 GW of delayed clean energy projects. ACME Solar emphasized that it has not received any information about revocation or cancellation from the Central Transmission Utility of India Limited (CTUIL). The company affirmed its commitment to regulatory compliance and regular disclosure submissions to Stock Exchanges.

08Sept 25

Acme Solar Boosts Energy Storage Capacity with 2 GWh Battery System Order

ACME Solar Holdings has placed an order for a 2 GWh Battery Energy Storage System (BESS) through Posco International Corporation, to be supplied by Chuzhou Lishen New Energy Technology Co., Ltd. The system will be delivered over 6-10 months and deployed across ACME's Firm & Dispatchable Renewable Energy projects. This order brings ACME's total BESS procurement to over 5 GWh, following a previous 3.1 GWh order in July. The move aims to mitigate project risks and accelerate delivery timelines, reinforcing ACME's position in the renewable energy sector.

06Sept 25

ACME Solar Expands Renewable Energy Portfolio with INR 79.25 Crore Acquisition

ACME Solar Holdings Limited has approved the acquisition of AK Renewable Infra Private Limited for an enterprise value of INR 79.25 crore. This strategic move secures development rights for a 300 MW capacity project in Rajasthan, including land, connectivity, and necessary approvals. The acquisition aims to enhance ACME Solar's project pipeline, accelerate execution, and expand its presence in renewable energy park development. AK Renewable Infra will become a wholly-owned subsidiary of ACME Solar upon completion of the deal, expected within five business days of the Share Purchase Agreement execution.

02Sept 25

ACME Solar Exits 300 MW Solar Project Under Flexibility Scheme Without Penalties

ACME Solar Holdings has received approval to withdraw from a 300 MW solar project without facing penalties. The project, awarded on February 6, 2024, under the Flexibility Scheme with a tariff of INR 2.53 per kWh, was to be developed through ACME Sigma Urja Private Limited. Recent changes in the Flexibility Scheme, including a voluntary participation order and an ongoing legal challenge, led to this development. PFC Consulting Limited confirmed that successful bidders could exit without penalties. ACME Solar stated that the exit would have no material impact on its current financial performance or profitability as the project was not generating revenue.

27Aug 25

ACME Solar Holdings Secures Approval for Massive 3,000 Crore Fundraise

ACME Solar Holdings' Board of Directors has approved a proposal to raise up to Rs 3,000 crore through various securities issuance methods. The fundraising will be conducted in one or more tranches using methods such as QIP, FPO, or private placement. Shareholder approval will be sought at the upcoming AGM on September 29, 2025. The company also appointed M/s A Prasad & Associates as Joint Statutory Auditors and M/s DMK Associates as Secretarial Auditors. Mr. Shashi Shekhar has been re-appointed as Vice-Chairman and Whole-Time Director for an additional year.

23Aug 25

ACME Solar Holdings to Consider Equity Fundraising in Upcoming Board Meeting

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.

13Aug 25

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

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.

08Aug 25

ACME Solar Revamps Leadership with Three New Executives Amid High-Level Departures

ACME Solar Holdings Limited has made significant changes to its senior management team. Three new appointments have been made: Sarthak Sengupta as VP-Procurement, Pankaj Bhandula as EVP-Land, and Harjinder Kamboj as VP-Quality, all effective from August 18, 2025. These experienced professionals bring decades of expertise in their respective fields. Simultaneously, two senior executives, Manish Jha (COO, Renewable Business) and Dinesh Chadha (President, Renewable Energy), have resigned citing personal reasons. The company will interact with investors at the Emkay Confluence event on August 13, 2025, in Mumbai.

01Aug 25

ACME Solar Reports 72% Revenue Surge in Q1 FY26, Commissions 350 MW Including First Wind Project

ACME Solar Holdings Limited reported robust Q1 FY26 results, with revenue up 72% to INR 584.00 crores and EBITDA rising 76% to INR 531.00 crores. The company commissioned 350 MW of new projects, including its first wind project, expanding its operational portfolio to 2,890 MW. Strategic developments include securing a 550 MWh battery storage project and signing PPAs for 550 MW of FDRE and solar projects. ACME Solar maintains a strong financial position with a net operational debt to EBITDA ratio of 4.2x and plans a capex of INR 12,000-14,000 crores for the current fiscal year.

30Jul 25

ACME Solar Shares Surge 7% on Massive 9,319% Profit Jump in Q1

ACME Solar Holdings reported a 9,319% year-on-year increase in consolidated net profit, reaching Rs 131.00 crore for the June quarter. Revenue grew by 71.80% year-on-year. The company commissioned 350 MW of new projects, including its first wind project, bringing total operational capacity to 2,890 MW. EBITDA increased by 76.00% to Rs 531.00 crore, with EBITDA margin expanding to 90.90%. ACME Solar secured a 550 MWh battery energy storage project, signed PPAs for 250 MW capacity, refinanced Rs 1,072.00 crore of debt, and received credit rating upgrades.

28Jul 25

Acme Solar Holdings Shines with Stellar Q1 Performance

ACME Solar Holdings Limited reported exceptional Q1 financial results. Net profit soared to ₹1.30 billion from ₹0.14 billion year-over-year. Revenue increased by 37.84% to ₹5.10 billion. EBITDA rose to ₹4.60 billion with an improved margin of 90.20%. The company's strong performance reflects its operational efficiency and the growing demand for solar energy solutions.

25Jul 25

ACME Solar Reports Strong Q1 FY26 Performance with 76% EBITDA Growth

ACME Solar Holdings Limited reported robust Q1 FY26 results. Total revenue increased by 71.80% to INR 584.00 crore, EBITDA grew by 75.70% to INR 531.00 crore, and PAT surged to INR 131.00 crore. The company commissioned 350 MW of new projects, reaching a total operational capacity of 2,890 MW. ACME secured 550 MWh of standalone Battery Energy Storage System projects and signed PPAs for 550 MW of new capacity. The company also refinanced INR 1,072.00 crore of debt, reducing interest costs.

25Jul 25

ACME Solar Reports 131-Fold Profit Surge, Targets 10 GW Power Generation by 2030

ACME Solar Holdings Limited reported a significant increase in quarterly profit, with consolidated net profit rising to ₹131.00 crore from ₹1.00 crore year-over-year. Total revenue increased by 71.8% to ₹584.00 crore, while EBITDA grew 75.7% to ₹531.00 crore. The company's operational capacity expanded to 2,890 MW, with power generation increasing by 107.1%. ACME Solar aims to achieve 10 GW of power generation capacity and 15 GWh of storage by 2030. The company also secured new projects, refinanced debt, and received credit rating upgrades.

25Jul 25

CRISIL Assigns 'AA-/Stable' Rating to ACME Solar's Rs 2,086 Crore Bank Facilities for Rajasthan Projects

CRISIL Ratings assigned 'CRISIL AA-/Stable' rating to Rs 2,086 crore long-term bank facilities for two ACME Solar Holdings Limited subsidiaries. The rating covers 600 MW renewable energy projects in Rajasthan. Key strengths include robust revenue visibility, strong financials, solid debt servicing capability, and secure cash flow. Both projects, supported by 25-year PPAs with SECI, are performing above predicted generation levels. This rating is part of ACME Solar's broader success, with all four Fatehgarh, Rajasthan assets securing 'AA' family ratings within six months of operations.

22Jul 25

ACME Solar Holdings Schedules Q1 FY26 Earnings Call for July 28, 2025

ACME Solar Holdings Limited has scheduled an earnings call for July 28, 2025, at 11:00 AM IST to discuss its Q1 FY 2025-26 financial results. The company's senior management will present the results and engage with analysts and institutional investors. Participants can pre-register or use provided universal access and international toll-free numbers to join the call. All call information is available on the company's website.

07Jul 25

Acme Solar Secures Massive 3.1 GWh Battery Storage Equipment Order in India

ACME Solar Holdings, a major player in renewable energy, has ordered 3.1 GWh of battery energy storage equipment in India. This significant investment aims to expand the company's presence in the energy storage market and contribute to India's renewable energy infrastructure. The order is expected to address intermittency challenges in renewable energy, improve grid stability, and support India's clean energy transition. This move positions ACME Solar Holdings as a key player in India's evolving energy storage landscape and may encourage further investments in the sector.

07Jul 25

ACME Solar Holdings Secures Massive 3.1 GWh Battery Storage Equipment Order

ACME Solar Holdings has placed an order for 3.1 GWh of Battery Energy Storage System (BESS) equipment from suppliers Zhejiang Narada and Trina Energy. The equipment will be delivered over the next 4-8 months and is expected to accelerate project timelines, enhance revenue realization, and strengthen ACME Solar's market position in India's renewable energy sector.

01Jul 25

ACME Solar Secures ₹500 Crore BESS Projects in Andhra Pradesh, Expects ₹60-70 Crore Annual Revenue

ACME Solar Holdings has secured two significant Battery Energy Storage System (BESS) contracts in Andhra Pradesh. The projects include a 50 MW/100 MWh Kuppam Project and a 225 MW/450 MWh Ghani Project, with monthly tariffs of ₹2.10 lakh and ₹2.22 lakh per MW respectively. The company is investing ₹500 crore in these projects, aiming to complete them within 18 months. The contracts are expected to generate an annual revenue of ₹60-70 crore with a projected Return on Capital Employed (ROCE) of 14-15%.

26Jun 25

Acme Solar Secures 275 MW / 550 MWh Battery Storage Project in Andhra Pradesh

ACME Solar Holdings has secured its first Battery Energy Storage System (BESS) project from NHPC Limited in Andhra Pradesh. The project has a capacity of 275 MW / 550 MWh, marking the company's entry into large-scale energy storage solutions. This win diversifies ACME's portfolio beyond solar power generation and demonstrates its capability in advanced energy storage technologies. The project strengthens ACME's market position and reflects the growing importance of energy storage in India's renewable energy sector.

25Jun 25

ACME Solar Secures 300MW Power Purchase Agreement with SECI, Expands Portfolio to 5,130MW

ACME Solar's subsidiary has signed a 25-year Power Purchase Agreement with SECI for a 300MW solar project in Rajasthan at ₹3.05/kWh. The project is set to be operational by June 30, 2025. This addition increases ACME's PPA-signed portfolio to 5,130MW. The company also recently refinanced a 250MW solar project in Rajasthan for ₹1,072.00 crore, showcasing its strong market position and ability to attract investments in India's renewable energy sector.

24Jun 25

ACME Solar Holdings Secures Rs 1,072 Crore Refinancing for Rajasthan Solar Project

ACME Solar Holdings has obtained ₹1,072 crore in refinancing for its 250 MW operational solar project in Rajasthan. The deal reduces the interest rate by 95 basis points to 8.50% per annum, with an 18-year loan tenure. This refinancing is part of a larger ₹4,575 crore initiative by ACME Solar over the past six months, indicating strong investor confidence in India's solar energy market and potentially improving project economics.

24Jun 25

ACME Solar Holdings Secures 300 MW Solar Project in Rajasthan

ACME Solar Holdings has signed an agreement for a 300 MW solar project in Sikar, Rajasthan. The large-scale installation will be located in an area known for high solar irradiance levels. This project aligns with India's renewable energy goals and is expected to boost clean energy output in the region. The development demonstrates ACME Solar Holdings' expansion in the renewable energy sector and could potentially create jobs in the Sikar area.

23Jun 25

Acme Solar Achieves Full Capacity at Gujarat Project with 3.3 MW Addition

ACME Solar Holdings has commissioned an additional 3.3 MW capacity at its solar project in Shapar, Gujarat, bringing the project to its full operational capacity. This marks the completion of the final phase of the Shapar project, strengthening ACME's position in India's solar energy market and contributing to the country's renewable energy goals.

23Jun 25

ACME Solar Holdings Secures ₹1,072 Crore Refinancing for Rajasthan Solar Project

ACME Solar Holdings has successfully refinanced ₹1,072 crore for its 250 MW operational solar project in Rajasthan. The deal, led by Bank of America and Standard Chartered Bank, reduces financing costs by 95 basis points to 8.50% per annum with an extended 18-year tenure. This refinancing is part of ₹4,575 crore in borrowing completed by ACME Solar over the past six months. The arrangement improves the company's financial flexibility and demonstrates investor confidence in its projects.

20Jun 25

ACME Solar Expands Power Purchase Agreement Portfolio to 5,130 MW

ACME Solar Holdings has expanded its Power Purchase Agreement (PPA) portfolio to 5,130 MW, with 2,826.20 MW currently operational. This expansion represents significant growth in the company's renewable energy commitments, with over 2,300 MW additional capacity in the pipeline. The development highlights the increasing demand for renewable energy and ACME Solar's growing presence in the market.

20Jun 25

ACME Solar Secures PPAs for 250 MW Project and Peak Power Supply

ACME Solar Holdings has signed two significant Power Purchase Agreements (PPAs). The first is with NHPC for a 250 MW solar project in Rajasthan. The second PPA, at ₹4.56 per kilowatt-hour, is designed for peak power supply with a 40% minimum capacity utilization factor and coverage of 90% of four-hour daily peak power needs. These agreements demonstrate the growing scale of solar projects, the focus on meeting peak power demands, and the increasing cost-competitiveness of solar energy in India.

13Jun 25

Acme Solar Boosts Wind Power Capacity in Gujarat

ACME Solar Holdings has expanded its wind project in Shapar, Gujarat, adding 19.8 MW to its existing capacity. This expansion has increased the company's total operational capacity to 2,826.2 MW across all renewable energy projects. The move strengthens ACME's position in the wind power segment and diversifies its renewable energy portfolio. The expansion in Gujarat highlights the state's importance in India's renewable energy sector.

10Jun 25

Acme Solar Holdings Expands Capacity and Reports Strong Financial Growth

ACME Solar Holdings has commissioned 240 MW of a 300 MW project in Rajasthan, increasing its total operational capacity to 2,806 MW. The company reported significant financial growth with a 55.20% increase in power generation, 32.30% rise in revenue, and quadrupled net profit. This expansion and performance highlight the momentum in India's renewable energy sector.

10Jun 25

ACME Solar Boosts Renewable Energy Capacity with 75 MW Expansion in Rajasthan

ACME Solar Holdings has successfully commissioned an additional 75 megawatts (MW) capacity at its Sikar Solar Project in Rajasthan. This expansion enhances the company's renewable energy portfolio and contributes to India's clean energy goals. The project capitalizes on Rajasthan's favorable conditions for solar power generation. While financial details were not disclosed, the increased capacity is expected to positively impact ACME Solar's power generation capabilities and business performance.

30May 25

ACME Solar Holdings Expands Renewable Capacity with Wind Power Project in Gujarat

ACME Solar Holdings Limited has commissioned the first phase of its wind power project in Shapar, Gujarat, bringing 26.4 MW online out of a planned 50 MW capacity. The project uses Envision 3.3 MW turbines and is executed by ACME Pokhran Solar Private Limited. This addition increases ACME's total operational renewable capacity to 2,731.40 MW. The project has a long-term power purchase agreement with Gujarat Urja Vikas Nigam Limited for 25 years.

28May 25

ACME Solar Expands Wind Power Portfolio with 26.4 MW Commission in Gujarat

ACME Solar Holdings Limited has successfully commissioned 26.4 MW of wind power capacity in Shapar, Gujarat, as part of a larger 50 MW project. This addition increases the company's operational capacity to 2,731.4 MW. The project has a 25-year power purchase agreement with Gujarat Urja Vikas Nigam Limited. ACME Solar's total portfolio now stands at 6,970 MW, reinforcing its position in India's renewable energy sector.

19May 25

ACME Solar Holdings Reports Mixed Q4 Results with Revenue Surge and Profit Dip

ACME Solar Holdings, a key player in renewable energy, released its Q4 results. Revenue soared 65% to ₹4.87 crore from ₹2.95 crore year-over-year. However, consolidated net profit fell to ₹1.22 crore from ₹5.32 crore in the same quarter last year. The company shows strong top-line growth but faces profitability challenges, possibly due to increased operational costs or growth investments.

12May 25

ACME Solar Holdings Ltd Expands Green Energy Portfolio with New Project in Rajasthan

ACME Solar Holdings Ltd has commissioned the first 52.50 MW phase of its 300 MW ACME Sikar Solar power project in Bikaner, Rajasthan. The project, financed by PFC Limited, is expected to generate 780 million units of clean energy annually when fully operational. Power will be sold on a merchant basis through exchanges. This commissioning increases ACME's operational capacity to 2,592.50 MW, reinforcing its position in India's renewable energy sector.

09May 25

Acme Solar Holdings' Subsidiary Launches First Phase of 300 MW Bikaner Solar Project

Acme Solar Holdings' subsidiary has commissioned the first 52.50 MW phase of a 300 MW solar power project in Bikaner, Rajasthan. The project leverages the region's high solar irradiance and marks a significant milestone in the company's expansion efforts. This development strengthens Acme Solar's position in India's renewable energy market and contributes to the country's green energy capacity.

03Apr 25

ACME Solar Holdings Secures ₹2,491 Crore Refinancing Facility for Renewable Energy Projects

ACME Solar Holdings Limited has obtained a ₹2,491 crore long-term refinancing facility for 490 MW of operational renewable energy projects in Andhra Pradesh, Rajasthan, and Punjab. The facility, provided by SBI and REC, has an 18-20 year tenure and a new weighted average interest rate of 8.80%. This refinancing aims to reduce debt costs, improve credit ratings, and support the company's growth plans. ACME Solar currently operates 2,540 MW capacity and targets 6,970 MW within three years.

03Mar 25

Acme Solar Holdings Unveils Ambitious 5 GW Capacity Expansion Plan

Acme Solar Holdings, a major player in India's renewable energy sector, has announced plans to expand its solar power capacity by 5 gigawatts (GW) by fiscal year 2026. This significant expansion is expected to strengthen the company's market position, contribute to India's renewable energy goals, and potentially increase revenue streams. While the plan presents growth opportunities, it also faces challenges such as funding, regulatory hurdles, and implementation logistics.

02Mar 25

Acme Solar Holdings Ltd Unveils Ambitious Rs 17,000 Crore Expansion Plan

Acme Solar Holdings Ltd plans to invest Rs 17,000 crore in FY26 to expand its renewable energy capacity to 5 GW by 2027, focusing on hybrid and round-the-clock projects. The company aims to reach 7 GW capacity by 2028. Currently, Acme Solar has a 6,970 MW portfolio with 2,540 MW operational. The firm is also considering entry into nuclear energy.

28Feb 25

Acme Solar Holdings Unveils Ambitious 5 GW Capacity Expansion Plan by FY2026

Acme Solar Holdings, a major player in India's renewable energy sector, has revealed plans to add 5 gigawatts (GW) to its solar power generation capacity by fiscal year 2026. This significant expansion aligns with India's goals to increase renewable energy share and reduce carbon emissions. The move could boost local manufacturing, increase market competition, and contribute to national renewable energy targets. While ambitious, the plan faces potential challenges in regulatory approvals, funding, land acquisition, and grid integration.