Latest news with #ACMESolarHoldingsLimited
The Hindu
27-06-2025
- Business
- The Hindu
ACME Solar Holdings wins NHPC tender for two BESS projects in Andhra Pradesh
ACME Solar Holdings Limited emerged as the successful bidder for the National Hydro Power Corporation (NHPC)'s tender for a cumulative capacity of 275 MW / 550 MWh standalone Battery Energy Storage System (BESS) projects in Andhra Pradesh (A.P.) across two projects at Kuppam (Chittoor) and Gani (Kurnool). According to an official release, the company's winning bid for the Kuppam project was at a tariff of ₹2,10,000 per MW per month with a capacity of 50 MW / 100 MWh. Its bid for the Gani project was at a tariff of ₹2,22,000 per MW per month with a capacity of 225 MW / 450 MWh. The projects require system availability for two full operational cycles of two hours each every day. ACME Solar will receive a Viability Gap Funding (VGF) of ₹27 lakh per MWh or 30% of the total project cost, whichever is lower. ACME Solar Holdings Chief Commercial Officer Rahula Kashyapa has said that the projects reflect the firm's commitment to pioneer innovative clean energy solutions that strengthen India's grid reliability and accelerate the nation's renewable energy transition. 'We are proud to support A.P.'s vision for sustainable growth and energy security. We look forward to delivering the projects that set new benchmarks for reliability, efficiency and positive community impact', Mr. Kashyapa stated. ACME Solar Holdings is a leading integrated renewable energy player with a diversified portfolio of 6,970 MW and 550 MWh spanning solar, wind, storage, Firm & Dispatchable Renewable Energy (FDRE) and hybrid solutions. The operational capacity stands at 2,890 MW with another 4,080 MW and 550 MWh in various stages of implementation.
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
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
Business Upturn
20-06-2025
- 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
