Latest news with #SikarSolarProject
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
Time of India
21-05-2025
- Business
- Time of India
ACME Solar commissions 112.5 MW second phase of Sikar project; operational capacity at 2,705 MW
New Delhi: ACME Solar Holdings Ltd has commissioned 112.5 MW of capacity under the second phase of its Sikar Solar Power Project in Bikaner, Rajasthan, taking the project's total commissioned capacity to 165 MW out of a planned 300 MW, the company said on Tuesday. The 112.5 MW was commissioned on May 19, 2025, following the earlier commissioning of 52.5 MW in early May. The remaining 135 MW is currently under commissioning. With this milestone, ACME Solar's total operational capacity has increased from 2,592.5 MW to 2,705 MW. The company said the Sikar Solar Project is expected to generate approximately 780 million units of clean energy annually once fully commissioned. The electricity generated will be sold on power exchanges on a merchant basis and allocated based on optimal commercial utilization.
