ACME Solar Holdings Limited, one of India’s leading renewable energy companies, has announced the successful commissioning of the final 60 MW of its 300 MW Sikar Solar Power Project located in Bikaner, Rajasthan. This milestone, achieved on June 23, 2025, completes the full project capacity, previously part-commissioned in phases of 52.5 MW, 112.5 MW, and 75 MW earlier in the quarter.

This final phase has significantly boosted ACME Solar’s total operational renewable energy capacity to 2,890 MW. The company shared the development in a regulatory filing with both the BSE Limited (Scrip Code: 544283) and National Stock Exchange of India Limited (Symbol: ACMESOLAR) under Regulation 30 of SEBI LODR Regulations, 2015, reaffirming its commitment to transparency and compliance.

About the 300 MW Sikar Solar Project

Spread across approximately 1,300 acres in Bikaner, a region known for having one of India’s highest solar irradiation levels, the ACME Sikar Solar project is connected to the Bikaner II substation at 220 kV. It is designed to generate around 780 million units (MUs) of renewable energy annually, contributing significantly to India’s green energy ambitions.

The project was awarded to ACME Solar through a Letter of Award (LOA) under the SECI-ISTS XVIII scheme and will supply energy at a tariff of INR 3.05 per unit, as approved by the Central Electricity Regulatory Commission (CERC). The Power Purchase Agreement (PPA) for the project is expected to be signed soon, adding a significant long-term revenue stream to ACME Solar’s balance sheet.

This project is an essential component of India’s broader push toward solar energy adoption, and ACME Solar’s successful execution of the project reflects both its engineering excellence and execution capabilities.

Diversification into Wind Energy: ACME’s Maiden Wind Project

Alongside the solar commissioning milestone, ACME Solar also commissioned its first wind power project—a 50 MW wind farm located in Shapar, Gujarat, further diversifying its renewable portfolio. This site is strategically located in one of India’s most productive wind corridors, ensuring optimal generation output.

The wind project was delivered via in-house EPC, showcasing the company’s engineering, procurement, and construction strengths. The final turbine, adding 3.3 MW, was commissioned just a day before the Sikar solar project’s completion. The entire project now operates under a 25-year PPA with Gujarat Urja Vikas Nigam Limited (GUVNL).

This move marks ACME Solar’s entry into the wind segment, enabling it to offer hybrid renewable solutions and demonstrating a strategic shift from a solar-exclusive focus to a more balanced renewable energy mix.

Strategic Milestones and Growth Outlook

With these recent accomplishments, ACME Solar now operates a renewable energy capacity of 2,890 MW, and it has a robust project pipeline of an additional 4,080 MW currently under various stages of implementation. This impressive growth trajectory places the company among the top renewable energy developers in India, equipped with in-house Engineering, Procurement & Construction (EPC) and Operations & Maintenance (O&M) capabilities.

The company's business model allows it to control the full project lifecycle, ensuring timely delivery, cost efficiency, and high operating margins. This operational excellence is further supported by its industry-leading Capacity Utilization Factor (CUF), which directly contributes to strong operating and financial performance.

Market Positioning and Regulatory Clarity

With approvals in place from authorities such as the CERC and compliance with SEBI LODR regulations, ACME Solar demonstrates strong alignment with national regulatory frameworks. The company’s expanding footprint across solar, wind, hybrid, and FDRE segments shows that it is not just expanding capacity, but also future-proofing its energy mix.

By participating in SECI-ISTS schemes, and by securing long-term PPAs with central and state utilities like GUVNL, ACME Solar also ensures visibility of revenue streams and investment-grade project execution capability, appealing to both institutional investors and public shareholders alike.

Industry Impact

This milestone strengthens ACME Solar’s contribution to India's ambitious renewable energy goals, including the national target of 500 GW of non-fossil capacity by 2030. The addition of 300 MW in Rajasthan and 50 MW in Gujarat exemplifies how public-private partnerships, state support, and robust private-sector capabilities can lead to tangible energy infrastructure outcomes.

The newly operational solar project is expected to offset a significant amount of CO₂ emissions annually, making a direct contribution to India’s climate commitments under the Paris Agreement. Similarly, the wind project will help in grid balancing and nighttime energy supply, essential for hybrid grid stability.

Company Background

ACME Solar Holdings Limited, formerly known as ACME Solar Holdings Private Limited, has rapidly evolved into a leading integrated renewable energy company in India, with a current portfolio of 6,970 MW across multiple energy platforms. The company is headquartered in Gurugram, Haryana, and operates with a comprehensive in-house EPC and O&M team, ensuring end-to-end project delivery and optimal operational efficiency.

Its projects span key states including Rajasthan, Gujarat, Madhya Pradesh, Uttar Pradesh, and Tamil Nadu, with future expansion likely in both domestic and international markets.

Conclusion

The full commissioning of the 300 MW ACME Sikar Solar project and the launch of ACME’s first 50 MW wind project mark a significant dual milestone for the company in 2025. With these developments, ACME Solar Holdings Limited has not only strengthened its position as a leading renewable energy company in India, but also demonstrated its readiness to lead the energy transition through innovation, scale, and diversification.

As of June 2025, the company stands at the forefront of India’s energy evolution, equipped with 2,890 MW of operational capacity and a strategic pipeline of 4,080 MW, well-aligned with the nation's energy future.

By achieving these milestones with operational excellence and regulatory compliance, ACME Solar is powering a greener future, one megawatt at a time.

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