Latest news with #ACMESikarSolar
Business Standard
25-06-2025
- Business
- Business Standard
Acme Solar's subsidiary signs 25-year PPA with SECI for 300 MW at Rs 3.05/kWh
Acme Solar Holdings said that its wholly owned subsidiary, ACME Sikar Solar had executed a 25-year power purchase agreement with the Solar Energy Corporation of India (SECI) for a 300 MW capacity in Rajasthan at a fixed tariff of Rs 3.05 per kWh. This achievement follows the successful commissioning of ACME Sikar's 300 MW capacity on 23 June 2025. The winning bid was secured under SECI ISTS XVIII Tranche, with the tariff formally adopted by the Central Electricity Regulatory Commission (CERC) on 30 May 2025. As per the terms of the agreement, the project is required to supply power on or before 30 June 2025. The project also qualifies for an inter-state transmission system (ISTS) charges waiver, as the scheduled commercial operations date (SCOD) falls before the June 2025 deadline, aligning with the governments incentives aimed at accelerating the operationalization of renewable energy projects. With this latest achievement, ACME Solar's signed PPA portfolio now stands at 5,130 MW, of which 2,890 MW is already operational, and the remaining capacity is at various stages of implementation. In addition, the company has a robust pipeline of 1,840 MW, with Letters of Award (LOA) already received. Notably, 86% of ACME Solars portfolio is tied to off-take agreements with central government enterprises, while the remaining 14% is contracted with state distribution companies (discoms). ACME Solar Holdings (ACML) is a renewable power generation company in India with a portfolio of solar, wind, hybrid and FDRE (firm and dispatchable renewable energy) projects. The company reported a 76.82% decline in consolidated net profit to Rs 123.36 crore in Q4 FY25, compared to Rs 532.39 crore in Q4 FY24. Revenue from operations surged 64.95% year on year to Rs 486.89 crore in Q4 FY25. Shares of Acme Solar Holdings shed 0.66% to Rs 247.05 on the BSE.
Business Standard
25-06-2025
- Business
- Business Standard
ACME Sikar Solar executes power purchase agreement for 300 MW capacity in Rajasthan
ACME Sikar Solar, a wholly owned subsidiary of ACME Solar Holdings, has executed a 25-year Power Purchase Agreement (PPA) with the Solar Energy Corporation of India (SECI) for 300 MW capacity in Rajasthan at a fixed tariff of ₹3.05 per kWh. This achievement follows the commissioning of 300 MW capacity by ACME Sikar on June 23, 2025. The said bid was won earlier under SECI ISTS XVIII Tranche, and the tariff was formally adopted by the Central Electricity Regulatory Commission (CERC) on 30th May 2025. As per the agreement, the project requires to supply power on or before June 30, 2025. The project also qualifies for Inter-State Transmission System (ISTS) charges waiver, as the Scheduled Commercial Operations Date (SCOD) falls before June 2025 deadline, aligning with the government incentives aimed at early operationalization of renewable energy projects. With this milestone, ACME Solar's PPA-signed portfolio stands at 5,130 MW of which 2,890 MW is already operational, and balance is under various stages of implementation. Additionally, the company has a firm pipeline of 1,840 MW for which Letter of Award (LOA) has been received. ACME Solar's overall portfolio comprises 86% offtake with central government enterprises and the rest 14% with State discoms.
Business Upturn
24-06-2025
- Business
- Business Upturn
ACME Solar commissions 300 MW Sikar solar project in Bikaner, Rajasthan
ACME Solar Holdings Limited has fully commissioned its 300 MW solar power project, known as the ACME Sikar Solar project, located in Bikaner, Rajasthan. The final 60 MW capacity was commissioned yesterday, following the earlier commissioning of 240 MW during the quarter. The Sikar project is spread across approximately 1,300 acres and is connected to the Bikaner II substation via a 220 kV transmission line. Positioned in one of India's top solar irradiation zones, the plant is expected to generate an estimated 780 million units (MUs) of renewable energy annually. This project was awarded under the SECI-ISTS XVIII scheme with an approved tariff of ₹3.05 per unit, as adopted by the Central Electricity Regulatory Commission (CERC). The Power Purchase Agreement (PPA) for the project is expected to be signed shortly. With the addition of this project, ACME Solar's total operational renewable energy capacity now stands at 2,890 MW. In parallel, the company has also completed its first wind energy project with a total capacity of 50 MW in Shapar, Gujarat. The project was completed this quarter after commissioning the final turbine, which added 3.3 MW. Located in a high wind potential zone, the wind project is backed by a 25-year PPA with Gujarat Urja Vikas Nigam Limited (GUVNL). The project was executed through ACME's in-house engineering, procurement, and construction (EPC) team, marking the company's entry into wind energy and a step toward portfolio diversification. 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
