ACME Solar Holdings Ltd

ACME Solar Holdings Ltd has announced the operationalization of its Battery Energy Storage System (BESS) projects in Rajasthan, bringing its total operational BESS capacity to approximately 3.62 GWh across three sites. The company has cumulatively commissioned around 2.29 GWh in the current financial year. This expansion is highlighted as one of the fastest scale-ups of BESS capacity in India, aimed at enhancing grid stability and supporting the transition to round-the-clock renewable power. The company also provided an update on a previous incident at its ACME Suryodaya BESS facility, confirming the root cause was an electrical short circuit, with restoration activities now successfully completed.

ACME Solar Holdings Ltd, through its wholly-owned subsidiary ACME Renewtech Fifth Private Limited, has executed a 25-year Power Purchase Agreement (PPA) with Solar Energy Corporation of India Limited (SECI). The agreement is for a 300 MW Wind-Solar Hybrid project under Hybrid Tranche IX, with a tariff of ₹3.25 per unit. The project is scheduled to commence supply by June 30, 2028, with a tenure of 25 years from that date. This PPA increases ACME Solar's PPA-signed portfolio to 6,870 MW out of a total contracted portfolio of 8,070 MW. The company will supply power at a minimum annual capacity utilization factor (CUF) of 30%.

ACME Solar Holdings Limited, through its subsidiary ACME Suryodaya Private Limited, has successfully commissioned a 160.512 MWh Battery Energy Storage System (BESS) project in Jaisalmer, Rajasthan. The project is located in Village Sanwara and Mehar Nagar, Tehsil-Pokhran. The commercial operation date (COD) is set for July 22, 2026. This commissioning brings ACME Suryodaya Private Limited's total commissioned capacity to 285 MW / 1113.472 MWh. This development marks a significant step in expanding ACME Solar's energy storage capabilities.

ACME Solar Holdings Ltd has issued a media statement to address incorrect news reports regarding damage to its BESS containers at the ACME Suryodaya BESS facility in Pokhran, Rajasthan. The company clarified that only four power conversion systems (PCS) were affected by a localized fire due to an IGBT/short circuit, with no damage to the BESS containers themselves. The incident was managed by in-house fire safety teams. The estimated revenue loss is not material, around INR 20 Lakhs, and the damaged equipment is expected to be restored within a week. ACME Solar emphasized its commitment to transparent disclosure and urged stakeholders to rely only on officially released information.

ACME Solar Holdings Ltd has secured INR 2,646.64 crore in long-term project funding from REC Ltd for its 450 MW/1800 MWh ACME Greentech Seventh Assured Peak Power Project. The funds will be used for the development and construction of this hybrid renewable energy project, which combines solar and Battery Energy Storage System (BESS) technologies. REC Ltd will be the sole financer for 20 years. The project has a Power Purchase Agreement (PPA) with SJVN Limited, signed at a tariff of INR 6.74/unit for 25 years. This funding supports ACME Solar's strategy to expand its renewable energy portfolio, which currently includes a diversified mix of solar, wind, storage, FDRE, and hybrid solutions.

ACME Solar Holdings Ltd has announced that its Board of Directors will convene on July 29, 2026. The primary agenda item is the consideration and approval of the un-audited financial results for the first quarter ended June 30, 2026, encompassing both standalone and consolidated figures. Additionally, the company confirmed the closure of the trading window for designated persons and their relatives from July 1, 2026, until 48 hours after the financial results are declared, in compliance with insider trading regulations. The announcement is available on the company's website.

ACME Solar Holdings Limited, through its subsidiary ACME Suryodaya Private Limited, has successfully commissioned a 110.336 MWh Battery Energy Storage System (BESS) project in Jaisalmer, Rajasthan. This commissioning, announced on July 15, 2026, follows a previous intimation on July 01, 2026. The project's Commercial Operation Date (COD) is set for July 17, 2026. With this addition, ACME Suryodaya Private Limited now boasts a total commissioned capacity of 285 MW / 952.960 MWh, marking a significant expansion in its energy storage capabilities.

ACME Solar Holdings Limited, through its subsidiary ACME Suryodaya Private Limited, has commissioned a 240.720 MWh Battery Energy Storage System (BESS) project in Jaisalmer, Rajasthan. This commissioning, effective June 30, 2026, brings ACME Suryodaya's total commissioned capacity to 285 MW / 842.624 MWh. The commercial operation date (COD) is set for July 02, 2026. This expansion is a significant step in ACME Solar's renewable energy infrastructure development.

ACME Solar Holdings Ltd has announced the closure of its trading window for dealing in equity shares. This closure is effective from Wednesday, July 01, 2026, and will remain in effect until 48 hours after the declaration of the Un-Audited financial results for the first quarter ending June 30, 2026. The closure applies to designated persons and their immediate relatives, in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's Insider Trading Code. The specific date for the Board of Directors' meeting to approve these results will be communicated separately.

ACME Solar Holdings Ltd announced the resignation of Mr. Rishi Kumar Mishra, Senior Vice President – Research and Development, effective June 25, 2026. Mr. Mishra is stepping down to pursue external career opportunities. The company acknowledged his significant contributions to strategic priorities and operational strengthening. The resignation details comply with SEBI Listing Regulations and relevant master circulars. A smooth handover of responsibilities is expected during the transition period.