ACME Solar Holdings Limited has commissioned its 300 MW renewable energy capacity at the ACME Sikar Solar project in Rajasthan, following the commissioning of an additional 60 MW capacity. This project is spread across approximately 1300 acres in Bikaner, Rajasthan, one of India's highest solar irradiation zones, and is connected to the Bikaner II substation at 220 kV.

Project Details

The ACME Sikar Solar project is expected to generate around 780 million units of renewable energy annually. The project was allocated to a Letter of Award won by ACME Solar Holdings under the SECI-ISTS XVIII scheme at a tariff of INR 3.05 per unit, and the Power Purchase Agreement is expected to be signed soon.

Company Developments

With this milestone, ACME Solar's total operational capacity has increased to 2,890 MW. Additionally, the company has also commissioned its maiden wind project of 50 MW at Shapar, Gujarat, during the current quarter, following the commissioning of the last turbine, which added an additional 3.3 MW capacity.

Expansion and Diversification

The commissioning of the wind project through in-house EPC has diversified ACME Solar's portfolio and EPC capabilities. The company's expansion into wind energy is a significant development, with the 50 MW project located in one of India's highest wind zones and having a 25-year Power Purchase Agreement (PPA) with GUVNL. The commissioning of these projects marks a significant milestone for ACME Solar, demonstrating its commitment to renewable energy and its capabilities in developing and operating large-scale solar and wind projects. With its increased operational capacity, the company is well-positioned to contribute to India's renewable energy goals.

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