ACME Solar

ACME Solar delivered a robust financial performance in the third quarter, reporting a sharp rise in net profit to Rs 114 crore, underscoring improving operational efficiency and disciplined cost management. The results highlight the company’s ability to translate steady power generation and long-term contracts into stronger earnings, even as the renewable energy sector navigates pricing pressures and high capital requirements. Higher plant availability, stable cash flows, and tighter control over expenses supported profitability during the quarter.

ACME Solar Holdings Ltd has secured a 400 MW firm and dispatchable renewable energy project from SJVN Limited under the FDRE-IV tender, marking a pivotal step in India’s transition toward round-the-clock clean power. The 25-year contract, awarded at a tariff of ₹6.75 per unit, combines 300 MW of solar generation with 1,800 MWh of battery energy storage, enabling ACME to supply firm power during peak demand hours.

ACME Solar has commissioned a 100-megawatt wind energy project in Gujarat, marking a significant addition to India’s renewable energy capacity. The project aligns with national targets for green energy expansion and supports India’s transition toward low-carbon power generation. Strategically located in a high-wind potential region, the facility is expected to generate clean electricity for thousands of households while contributing to grid stability.

ACME Solar has successfully secured Rs. 3,892 crore in funding to develop a 400 MW Floating Distributed Renewable Energy (FDRE) project, marking a significant milestone in India’s renewable energy sector. The project underscores the growing emphasis on innovative and sustainable energy solutions, leveraging water surfaces for solar power generation. Analysts note that this funding will enable ACME Solar to expand its renewable energy footprint, enhance energy security, and contribute to India’s climate goals.

ACME Solar, one of India’s leading renewable energy developers, has placed a landmark order for a 2-gigawatt-hour (GWh) battery storage system, underscoring its commitment to integrating large-scale energy storage with solar power projects. The move aims to enhance grid stability, manage intermittent renewable generation, and provide round-the-clock clean energy to industrial and commercial customers.

ACME Solar has been awarded a 50 MW solar power project by Tata Power, marking a significant expansion in India’s renewable energy landscape. The project aligns with both companies’ commitment to sustainable energy solutions and supports India’s ambitious target of achieving 500 GW of renewable capacity by 2030. Analysts highlight that this collaboration reinforces ACME Solar’s position as a leading solar developer, while Tata Power enhances its clean energy portfolio.

ACME Solar Holdings has signed a landmark 25-year power purchase agreement with NHPC Limited, signaling a strategic leap in India’s renewable energy landscape. Under this agreement, ACME will deliver 250 MW of firm and dispatchable renewable energy (FDRE) from its Rajasthan project at a tariff of Rs. 4.56 per kWh. The project, which integrates solar, wind, and battery storage technologies, is designed to supply at least 40% Capacity Utilization Factor (CUF) annually while fulfilling 90% of peak power demand for four hours daily.