Latest news with #ACMESolar
Time of India
27-06-2025
- Business
- Time of India
ACME Sikar Solar signs 25-year PPA with SECI for 300 MW solar project in Rajasthan
ACME Sikar Solar Pvt Lt signed 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 a unit. The agreement follows the commissioning of 300 MW capacity by ACME Sikar this month. As per the agreement, the project will supply power on or before June 30, 2025. The project qualifies for inter-state transmission system (ISTS) charges waiver, aligning with the govt incentives aimed at early operationalization of renewable energy projects . With this, ACME Solar 's PPA-signed portfolio stands at 5,130 MW, of which 2,890 MW is already operational, and rest 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, said the company in a release. ACME Solar's overall portfolio comprises 86 per cent offtake with central government enterprises and the rest 14 per cent with State discoms.
Business Standard
26-06-2025
- Business
- Business Standard
ACME Solar secures contract for setting up 275 MW energy storage capacity in Andhra Pradesh
ACME Solar Holdings has emerged as the winning bidder for NHPC's tender for cumulative capacity of 275 MW / 550 MWh standalone battery energy storage system (BESS) projects in Andhra Pradesh. The auction was part of a tender issued by NHPC in February 2025 to enhance energy storage capacity in Andhra Pradesh. The BESS capacity is spread across two projects at Kuppam and Ghani. The companys winning bid for Kuppam project was at a tariff of Rs 210,000 per MW per month with a capacity of 50 MW / 100 MWh. Its winning bid for Ghani project was at a tariff of Rs 222,000 per MW per month with a capacity of 225 MW / 450 MWh. The project requires system availability for two full operational cycles of two hours each every day. As part of the project, ACME Solar will receive viability gap funding of Rs 27 lakh per MWh or 30% of the total project cost, whichever is lower. The company stated that this project will further diversify its portfolio to include maiden standalone BESS projects to its existing portfolio of solar, wind, FDRE & Hybrid renewable energy projects Rahula Kashyapa, chief commercial officer of ACME Solar Holdings, said: "We feel privileged for the opportunity to develop NHPCs standalone battery energy storage system project in Andhra Pradesh. This milestone reflects ACME Solars commitment to pioneering innovative clean energy solutions that strengthen Indias grid reliability and accelerate the nations renewable energy transition." 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. The scrip shed 0.12% to currently trade at Rs 247.95 on the BSE.
Business Standard
26-06-2025
- Business
- Business Standard
ACME Solar Holdings successfully bids for NHPC's BESS projects in Andhra Pradesh
ACME Solar Holdings has emerged as the winning bidder for NHPC's tender for cumulative capacity of 275 MW / 500 MWh standalone Battery Energy Storage System (BESS) projects in Andhra Pradesh across two projects at Kuppam and Ghani. According to Mr Rahula Kashyapa, Chief Commercial Officer of ACME Solar Holdings, We feel privileged for the opportunity to develop NHPC's standalone Battery Energy Storage System project in Andhra Pradesh. This milestone reflects ACME Solar's commitment to pioneering innovative clean energy solutions that strengthen India's grid reliability and accelerate the nation's renewable energy transition. By deploying advanced storage technology at scale, we are proud to support Andhra Pradesh's vision for sustainable growth and energy security. We look forward to delivering a project that sets new benchmarks for reliability, efficiency, and positive community impact.
Business Upturn
26-06-2025
- Business
- Business Upturn
ACME secures 550 MWh battery storage projects at Kuppam and Ghani from NHPC
ACME Solar Holdings Limited has secured a major win by emerging as the successful bidder for NHPC's standalone Battery Energy Storage System (BESS) projects in Andhra Pradesh. The total awarded capacity is 275 MW / 550 MWh across two locations — Kuppam and Ghani. For the Kuppam project, ACME Solar's winning tariff was ₹2,10,000 per MW per month. This project will have a capacity of 50 MW / 100 MWh. For the Ghani project, the company bid ₹2,22,000 per MW per month for a larger capacity of 225 MW / 450 MWh. These BESS projects are designed for two full operational cycles of two hours each per day, ensuring consistent energy storage and availability. As per the tender guidelines, ACME Solar is also eligible for viability gap funding of ₹27 lakh per MWh or 30% of the total project cost — whichever is lower. This win marks a significant milestone for ACME Solar, as it steps into the standalone energy storage space for the first time. The company already has a diversified renewable energy portfolio, including solar, wind, FDRE, and hybrid projects. The tender was floated by NHPC in February 2025 with an aim to enhance grid stability and storage capacity in Andhra Pradesh, paving the way for greater renewable energy integration. With this addition, ACME Solar continues to cement its position as a leading player in India's clean energy transition. 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
25-06-2025
- Business
- Time of India
ACME Solar sings PPA with SECI for 300 MW project in Raj
New Delhi: ACME Sikar Solar Pvt Lt signed 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 Rs 3.05 a unit. The agreement follows the commissioning of 300 MW capacity by ACME Sikar this month. As per the agreement, the project will supply power on or before June 30, 2025. The project qualifies for inter-state transmission system (ISTS) charges waiver, aligning with the govt incentives aimed at early operationalization of renewable energy projects. With this, ACME Solar's PPA-signed portfolio stands at 5,130 MW, of which 2,890 MW is already operational, and rest 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, said the company in a release. ACME Solar's overall portfolio comprises 86% offtake with central government enterprises and the rest 14% withStatediscoms. tnn
