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Time of India
16 hours ago
- Business
- Time of India
ACME Solar inks pact to supply 250 MW electricity from RE project in Rajasthan
New Delhi: ACME Solar Holdings on Friday said it has inked a pact with state-owned NHPC to supply 250 MW of electricity from a renewable energy project in Rajasthan. The power purchase agreement (PPA) has been signed at a tariff of Rs 4.56 per kWh for a minimum annual Capacity Utilization Factor (CUF) of 40 per cent and to meet 90 per cent of peak power requirement of 4 hours daily, according to a company statement. ACME Solar Holdings Ltd (ACME Solar) signed a 25-year PPA with NHPC Limited, a AAA-rated central government enterprise, for its 250 MW Firm and Dispatchable Renewable Energy (FDRE) project in Rajasthan, the company said. This PPA marks a significant step in strengthening ACME Solar's footprint in the FDRE space while supporting India's clean energy ambitions through an innovative mix of solar, wind, and battery storage technology. The project will be connected to an ISTS (Inter-State Transmission System) substation for which connectivity is already in place. The requisite approval under section 63 of the Electricity Act 2003 for adoption of tariff has been issued by CERC (Central Electricity Regulatory Commission) on June 19, 2025, the company said. With this, the company's PPA-signed portfolio stands at 5,130 MW, of which 2,826.2 MW is already operational, and the balance is under various stages of implementation. ACME Solar's overall portfolio comprises 86 per cent offtake with central government enterprises and the remaining 14 per cent with State discoms. The company is an integrated renewable energy player with a diversified portfolio of 6,970 MW spanning solar, wind, FDRE and hybrid solutions. PTI
Time of India
a day ago
- Business
- Time of India
ACME Solar inks pact to supply 250 MW electricity from RE project in Rajasthan
New Delhi: ACME Solar Holdings on Friday said it has inked a pact with state-owned NHPC to supply 250 MW of electricity from a renewable energy project in Rajasthan. The power purchase agreement (PPA) has been signed at a tariff of Rs 4.56 per kWh for a minimum annual Capacity Utilization Factor (CUF) of 40 per cent and to meet 90 per cent of peak power requirement of 4 hours daily, according to a company statement. ACME Solar Holdings Ltd (ACME Solar) signed a 25-year PPA with NHPC Limited, a AAA-rated central government enterprise, for its 250 MW Firm and Dispatchable Renewable Energy (FDRE) project in Rajasthan, the company said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like How Older People Are Losing Weight (This Has Gone Viral) NEWSCASA Undo This PPA marks a significant step in strengthening ACME Solar's footprint in the FDRE space while supporting India's clean energy ambitions through an innovative mix of solar, wind, and battery storage technology. The project will be connected to an ISTS (Inter-State Transmission System) substation for which connectivity is already in place. Live Events The requisite approval under section 63 of the Electricity Act 2003 for adoption of tariff has been issued by CERC ( Central Electricity Regulatory Commission ) on June 19, 2025, the company said. With this, the company's PPA-signed portfolio stands at 5,130 MW, of which 2,826.2 MW is already operational, and the balance is under various stages of implementation. ACME Solar's overall portfolio comprises 86 per cent offtake with central government enterprises and the remaining 14 per cent with State discoms. The company is an integrated renewable energy player with a diversified portfolio of 6,970 MW spanning solar, wind, FDRE and hybrid solutions.
Mint
a day ago
- Business
- Mint
ACME Solar inks pact with NHPC to supply 250 MW electricity to RE project in Rajasthan
ACME Solar Holdings on Friday said it has inked a pact with state-owned NHPC to supply 250 MW of electricity from a renewable energy project in Rajasthan. The power purchase agreement (PPA) has been signed at a tariff of ₹ 4.56 per kWh for a minimum annual Capacity Utilization Factor (CUF) of 40 per cent and to meet 90 per cent of peak power requirement of 4 hours daily, according to a company statement. ACME Solar Holdings Ltd (ACME Solar) signed a 25-year PPA with NHPC Limited, a AAA-rated central government enterprise, for its 250 MW Firm and Dispatchable Renewable Energy (FDRE) project in Rajasthan, the company said. This PPA marks a significant step in strengthening ACME Solar's footprint in the FDRE space while supporting India's clean energy ambitions through an innovative mix of solar, wind, and battery storage technology. The project will be connected to an ISTS (Inter-State Transmission System) substation for which connectivity is already in place. The requisite approval under section 63 of the Electricity Act 2003 for adoption of tariff has been issued by CERC (Central Electricity Regulatory Commission) on June 19, 2025, the company said. With this, the company's PPA-signed portfolio stands at 5,130 MW, of which 2,826.2 MW is already operational, and the balance is under various stages of implementation. ACME Solar's overall portfolio comprises 86 per cent offtake with central government enterprises and the remaining 14 per cent with State discoms. The company is an integrated renewable energy player with a diversified portfolio of 6,970 MW spanning solar, wind, FDRE and hybrid solutions.
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.
Economic Times
10-06-2025
- Business
- Economic Times
Sustained capacity addition, PPA tie ups improve revenue visibility for Acme Solar
Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The stock of Acme Solar Holdings , a renewable energy producer, has gained 18% on bourses in a month following strong fourth quarter performance in terms of double digit revenue and profit growth and improved power generation. The company continues to expand the operational capacity of its projects, which is fully tied up to long term power purchase agreements (PPA) with central and state government agencies thereby offering revenue visibility. Analysts anticipate a strong revenue and profit growth annually between FY25 and company builds, owns, and operates renewable energy projects in solar, wind, hybrid and firm and dispatchable renewable energy (FDRE) categories. FDRE offers firm power supply at higher capacity utilisation factor (CUF) compared with solar and wind June 10, Acme announced commissioning of 75 megawatts (MW) of renewable energy capacity at its project in Sikar, Rajasthan, which follows a 165 MW addition in May taking the commissioned capacity to 240 MW out of planned capacity of 300 MW. This has also enhanced its total operational capacity to 2,806 MW as of June 10, 2025 from 1,340 MW a year ago. It has another 4,164 MW of capacity at various stages of implementation, which is expected to be commissioned by FY25, the company's power generation increased by 55.2% to 4,013 million units, driven by improved operational capacity and an increase in CUF to 25.6% in FY25 from 23.6% in the previous year. The company monetised 369 MW of assets in FY25. Excluding that, revenue grew by 32.3% year-on-year to Rs1,575 crore while net profit surged nearly four times to Rs 251 crore in asset base expanded by 36% to Rs15,507 crore while net worth grew by 74% to Rs4,509 crore, helped by an initial public offering (IPO) in November wherein it raised Rs 2,395 crore of fresh stock has been under pressure since its public listing on November 13, mostly trading below the offer price of Rs 289 given the hangover of additional stake sale by the promoter group to reduce its holding from 83.4% to 75% or below to abide by the regulatory requirement.'Given the company's discernible execution performance and visibility on upcoming capacity, we estimate revenue and EBITDA to grow by 54% and 57% over FY25-28,' stated JM Financial Research in a report. It has a buy call on ths tock with a target price of Rs270. The stock was last traded at Rs252.8 on Tuesday on the BSE.
