Acme Solar surges 4% amid securing 250 MW renewable energy project from NHPC

Acme Solar Holdings Limited secured a 250 MW firm & dispatchable renewable energy (FDRE) project in an NHPC e-auction at a tariff of INR 4.56 per unit. The project includes a green-shoe option to potentially expand to 500 MW. This achievement brings Acme Solar’s total capacity to 6,970 MW, with a long-term power supply commitment of 930 MW to NHPC.

The project aims to deliver peak power with a mix of solar, wind, and battery technologies and is expected to be completed by FY 2027-28. This recent contract represents an expansion of the organization’s portfolio.

This demonstrates its commitment to sustainable infrastructure development. The project not only enhances the company’s total operational capacity but also signals its continued growth trajectory in the renewable energy landscape.

Join PSU Connect on WhatsApp now for quick updates! Click here

Read Also : GPIIL enters into LNG supply pact with GAIL for upcoming pellet plant

As of the November 2024 shareholding pattern, Acme Solar Holdings Limited is primarily held by the promotors at 83.41 percent, foreign institutional investors hold 6.69 percent, and the public with 4.08 percent.

Read Also : BSNL plans to install indigenously developed one lakh 4G sites across the country