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Time of India
24-06-2025
- Business
- Time of India
ACME Solar marks dual milestone- 300 MW in Rajasthan, 50 MW in Gujarat; clean energy base expands
ACME Solar marks dual milestone ACME Solar Holdings has fully commissioned its 300 MW Sikar Solar Project in Rajasthan, the company announced on Tuesday. With this, ACME's operational renewable energy capacity now stands at 2,890 MW. This follows the activation of an additional 60 MW capacity on Monday. Earlier this quarter, the company had brought 240 MW of the project online. ACME Solar Holdings now has a total renewable energy portfolio of 6,970 MW, including solar, wind, firm and dispatchable renewable energy (FDRE), and hybrid projects. Of this, 4,080 MW is currently under development. The project, spread across 1,300 acres in Bikaner, one of India's highest solar irradiation zones, is connected to the Bikaner II substation at 220 kV and is expected to generate around 780 million units (MUs) of renewable energy annually. Allocated under the SECI-ISTS XVIII scheme, the project has a tariff of Rs 3.05 per unit, as adopted by the Central Electricity Regulatory Commission (CERC). The Power Purchase Agreement (PPA) is expected to be signed soon. ACME wind energy debut in Gujarat In the same quarter, ACME also commissioned its first wind energy project, 50 MW in Shapar, Gujarat. The final 3.3 MW turbine was activated on Monday. The project, located in a high wind potential zone, has a 25-year PPA with Gujarat Urja Vikas Nigam Limited (GUVNL). The company noted that the project was executed entirely through its in-house EPC team, underlining its diversification into wind energy and strengthening technical capabilities. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
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
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.
