ACME Solar Commissions 26.4 MW Wind Project in Gujarat, Boosting Renewable Capacity

Team Finance Saathi

    28/May/2025

What's covered under the Article:

  1. ACME Solar commissions the first 26.4 MW phase of its 50 MW wind project in Shapar, Gujarat, marking its entry into wind energy.

  2. The project utilizes Envision 3.3 MW turbines and is financed by Power Finance Corporation, with power sold to Gujarat Urja Vikas Nigam Limited under a 25-year PPA.

  3. The commissioning increases ACME Solar's operational capacity to 2,731.4 MW, reinforcing its commitment to India's renewable energy targets.

ACME Solar Holdings Limited, a prominent player in India's renewable energy sector, has successfully commissioned the first phase of its inaugural wind power project in Shapar, Gujarat. This initial 26.4 MW commissioning is part of the larger 50 MW ACME Pokhran wind project, which is being developed in phases. With this milestone, ACME Solar's total operational capacity has increased from 2,705 MW to 2,731.4 MW, underscoring its commitment to expanding India's green energy footprint.

Strategic Location and Technological Advancements

The Shapar region in Gujarat is known for its high wind energy potential, making it an ideal location for wind power generation. ACME Solar's project leverages this advantage by deploying Envision 3.3 MW wind turbines, known for their efficiency and reliability. The energy harnessed is pooled at a 33/220 kV pooling station and then stepped up for evacuation to the Shapar sub-station via a dedicated single circuit 220 kV transmission line. This infrastructure ensures efficient transmission and integration of the generated power into the grid.

Financing and Power Purchase Agreement

The project has been financed through the Power Finance Corporation (PFC), reflecting strong institutional support for renewable energy initiatives. ACME Solar has entered into a 25-year Power Purchase Agreement (PPA) with Gujarat Urja Vikas Nigam Limited (GUVNL), ensuring a stable revenue stream and contributing to the state's renewable energy supply. This long-term agreement highlights the project's viability and the trust placed in ACME Solar's capabilities.

Future Developments and Expansion Plans

In addition to the current project, ACME Solar is constructing another 100 MW wind power project in the same region, which is in advanced stages of development. Both projects will share the Shapar sub-station, optimizing infrastructure and operational efficiency. This expansion aligns with ACME Solar's broader strategy to diversify its renewable energy portfolio and contribute significantly to India's clean energy goals.

ACME Solar's Commitment to Renewable Energy

ACME Solar's foray into wind energy marks a significant diversification from its established solar power operations. The company's strategic initiatives, including the development of wind projects and exploration of green hydrogen and ammonia, position it as a comprehensive renewable energy provider. By integrating various renewable sources, ACME Solar aims to offer round-the-clock clean energy solutions, supporting India's transition to a sustainable energy future.

Conclusion

The commissioning of the 26.4 MW wind power project in Gujarat is a testament to ACME Solar's dedication to expanding its renewable energy footprint. Through strategic location selection, technological adoption, and robust financing, the company is poised to play a pivotal role in India's renewable energy landscape. As ACME Solar continues to develop and commission additional projects, it reinforces its commitment to sustainable growth and environmental stewardship.

The Upcoming IPOs in this week and coming weeks are 3B FilmsVictory Electric Vehicles InternationalWagons Learning.


The Current active IPO are N R Vandana Tex IndustriesScoda Tubes,Neptune PetrochemicalsBlue Water LogisticsAstonea LabsNikita PapersProstarm Info SystemsAegis Vopak TerminalsSchloss Bangalore.


Start your Stock Market Journey and Apply in IPO by Opening Free Demat Account in Choice Broking FinX.


Join our Trading with CA Abhay Telegram Channel for regular Stock Market Trading and Investment Calls by CA Abhay Varn - SEBI Registered Research Analyst.

Related News
onlyfans leakedonlyfan leaksonlyfans leaked videos