Latest news with #ACMESolarHoldingsLimited
Business Upturn
a day ago
- Business
- Business Upturn
ACME Solar signs PPA with NHPC for 250 MW project in Rajasthan
By Aditya Bhagchandani Published on June 20, 2025, 14:58 IST ACME Solar Holdings Limited has signed a significant Power Purchase Agreement (PPA) with NHPC Limited for a 250 MW Firm and Dispatchable Renewable Energy (FDRE) project in Rajasthan. The agreement spans 25 years and has been secured at a tariff of ₹4.56 per kWh, with a minimum annual Capacity Utilization Factor (CUF) of 40% and a commitment to meet 90% of peak power demand for 4 hours each day. The project is designed to leverage a hybrid energy mix comprising solar, wind, and battery storage, and will be connected to an ISTS substation with existing connectivity. This development reinforces ACME Solar's strategic role in India's clean energy transition. With this addition, ACME Solar's PPA-signed capacity now stands at 5,130 MW, of which 2,826.2 MW is operational. The company also has a confirmed project pipeline of 1,840 MW for which Letters of Award have been received. Notably, 86% of its offtake agreements are with central government entities. The project has already received regulatory clearance from the Central Electricity Regulatory Commission (CERC), enhancing its implementation timeline certainty. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Upturn
13-06-2025
- Business
- Business Upturn
ACME Solar commissions additional 19.8 MW at Shapar wind project
ACME Solar Holdings Limited has commissioned an additional 19.8 MW of wind power capacity at its ongoing project in Shapar, Gujarat. This follows the earlier commissioning of 26.4 MW in May 2025, taking the total installed capacity at the site to 46.2 MW out of a planned 50 MW. The Shapar wind project, located in a high wind resource region of Gujarat, is being implemented under ACME Pokhran, a special purpose vehicle (SPV) of the company. The project is financed by Power Finance Corporation (PFC). Electricity generated from the project is being supplied under a 25-year Power Purchase Agreement (PPA) with Gujarat Urja Vikas Nigam Limited (GUVNL). ACME Solar is executing the project using its in-house Engineering, Procurement, and Construction (EPC) capabilities. The wind energy generated is evacuated through a dedicated single-circuit 220 kV transmission line to the Shapar substation. A 33/220 kV pooling station is used to step up the voltage for grid integration. The substation will also support ACME's other upcoming wind project, currently in advanced stages of development. With this commissioning, ACME Solar's total operational capacity has increased to 2,826.2 MW. Full commissioning of the 50 MW Shapar wind project is expected in the coming days. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Time of India
10-06-2025
- Business
- Time of India
ACME Solar commissions 75 MW in Rajasthan, project capacity reaches 240 MW
New Delhi: ACME Solar Holdings Limited has commissioned an additional 75 MW of renewable energy capacity at its Sikar Solar project in Rajasthan, taking the total commissioned capacity of the project to 240 MW out of a planned 300 MW. This expansion raises the company's total operational capacity to 2806.4 MW. The Sikar Solar power project is spread over approximately 1300 acres in Bikaner, Rajasthan. Power generated at the site is pooled at inverter stations and stepped up for evacuation to the Bikaner-II grid through a dedicated single-circuit 220 kV transmission line. The project debt is financed by Power Finance Corporation Limited. Upon full commissioning, the project is expected to generate around 780 million units of clean energy annually. The 300 MW Sikar project was won under the SECI-ISTS XVIII scheme by ACME Solar at a tariff of ₹ 3.05 per unit. The tariff has been adopted, and the Power Purchase Agreement (PPA) is expected to be signed soon. Meanwhile, the power generated from the 240 MW capacity already commissioned will be sold on power exchanges under merchant tariffs.
Time of India
10-06-2025
- Business
- Time of India
ACME Solar commissions 75 MW solar capacity in Rajasthan
ACME Solar Holdings Ltd on Monday said it has commissioned 75 megawatt capacity at its 300 MW solar project in Sikar, Rajasthan. The development follows the commissioning of 165 MW capacity at the ACME Sikar Solar Project earlier, the company said in a statement. ACME Solar Holdings Limited has commissioned an additional 75 MW of renewable energy capacity at its Sikar project, taking the total commissioned capacity to 240 MW out of the planned 300 MW. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Nissan Qashqai fırsatı Nissan TR Teklif Al Undo With this, the company's total operational capacity has increased to 2,806.4 MW.
Hans India
20-05-2025
- Business
- Hans India
ACME Solar's net profit for FY25 crashes over 64 pc to Rs 250.8 crore
Gurugram-based renewable energy player ACME Solar Holdings Limited has reported a steep decline of over 77 per cent year-on-year (YoY) in its consolidated net profit, which dropped to Rs 122 crore in the March 2025 quarter (Q4 FY25). The company had posted a net profit of Rs 532.3 crore in the same period last financial year, according to its stock exchange filing. For the full financial year (FY25), ACME Solar's net profit declined by around 64 per cent to Rs 250.8 crore, compared to Rs 697.7 crore in FY24. The sharp fall in profits came despite a strong rise in revenue. The company's revenue from operations in Q4 stood at Rs 486.88 crore, up from Rs 295.16 crore a year ago -- marking a YoY growth of nearly 65 per cent. Total income also increased significantly to Rs 539.2 crore in Q4 FY25, from Rs 318 crore in the corresponding quarter last fiscal -- showing a 69.56 per cent rise. However, finance costs grew to Rs 205.5 crore from Rs 177.3 crore in the same period last fiscal -- an increase of around 15.90 per cent. Depreciation and amortisation expenses also rose sharply to Rs 102.2 crore, up 66.99 per cent from Rs 61.2 crore in Q4 FY24. Despite the decline in profits, the company highlighted strong operational progress. Chairperson and Managing Director Manoj Kumar Upadhyay said FY25 was a 'remarkable year' for ACME Solar, as it expanded its operational portfolio and commissioned its largest single-location project -- a 1,200 MW SECI ISTS solar project. He added that the company is now witnessing stronger earnings performance, with Q4 revenue rising 70 per cent YoY to Rs 539 crore and EBITDA jumping 118 per cent to Rs 488 crore. He also stated that ACME's focus on hybrid and firm-dispatchable renewable energy (FDRE) solutions is making the business more resilient.
