Acme Solar Holdings

ACME Solar completed a ₹2,147 crore refinancing from the National Bank for Financing Infrastructure and Development, redeeming NCDs issued by 12 operational SPVs and fully repaying the related offshore dollar bonds. The assets represented 450MW of operational solar capacity, with 56% tied to SECI and NTPC, and the refinancing reduced borrowing costs by about 150 basis points. The company had pursued successive operational-project refinancing rounds that typically lowered borrowing costs by 75-150 basis points. Financing raised during the current fiscal reached ₹8,198 crore, while ACME’s portfolio stood at 8,070MW with 2,990MW of operational contracted capacity and about 3.62GWh of battery storage.

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ACME Solar Holdings secured Rs.3,404.57 crore in long-term project funding from Power Finance Corporation for its 250 MW FDRE project, ACME Urja One Phase-III. The 19-year loan, with PFC as sole financier, will fund the development and construction of the project, which combines solar, wind, and battery storage across sites in Rajasthan and Gujarat. A power purchase agreement for the project was signed with NHPC at Rs.4.33 per unit for 25 years, and commissioning is expected next year. The project is part of the company's 5,080 MW under-construction portfolio, against total contracted capacity of 8,070 MW. In June, the company raised Rs.2,800 crore through a qualified institutions placement to fund growth; FY26 revenue stood at Rs.2,507 crore.

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July 29 (Reuters) - ACME Solar Holdings Ltd ACMO.NS:

• JUNE-QUARTER CONSOL NET PROFIT 2.35 BILLION RUPEES

• JUNE-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 8.58 BILLION RUPEES

Source text: ID:nBSE2fwNmH

Further company coverage: ACMO.NS

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Acme Solar Holdings, through its subsidiary Acme Renewtech Fifth Private Limited, signed a 25-year power purchase agreement with Solar Energy Corporation of India (SECI) for a 300 MW wind-solar hybrid project. The project is part of SECI's Hybrid Tranche IX and carries a tariff of Rs. 3.25 per unit, with scheduled commencement of supply on June 30, 2028. The hybrid project will connect to inter-state transmission substations and meet a minimum annual capacity utilisation factor of 30%. With this PPA, Acme Solar's total contracted portfolio remains at 8,070 MW, while the PPA-signed portion increases to 6,870 MW. The company said the tariff has already been approved by central and state regulators.

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July 21 (Reuters) - ACME Solar Holdings Ltd ACMO.NS:

• ACME SOLAR - UNIT SIGNS PPA WITH SECI FOR 300 MW WIND-SOLAR HYBRID PROJECT

• ACME SOLAR - PROJECT SIZE IS 300 MW AT TARIFF OF 3.25 RUPEES PER UNIT

Source text: ID:nBSE4pnN7S

Further company coverage: ACMO.NS

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July 17 (Reuters) - ACME Solar Holdings Ltd ACMO.NS:

• ACME SOLAR - FOUR POWER CONVERSION SYSTEMS AFFECTED BY FIRE AT POKHRAN BESS FACILITY

• ACME SOLAR - NO DAMAGE TO BESS CONTAINERS AT POKHRAN FACILITY

• ACME SOLAR - TOTAL REVENUE LOSS FROM INCIDENT ESTIMATED AT 2 MILLION RUPEES

Source text: ID:nBSE1Dgzwx

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Acme Solar has finalised Rs 2,646.64 crore in long-term project funding from REC Ltd for its 450MW/1800MWh Assured Peak Power Project at Jaisalmer. REC Ltd will be the sole financier for 20 years. The project, which combines solar and battery energy storage, has a 25-year power purchase agreement with SJVN Ltd at a tariff of INR 6.74 per unit. The funds will be used for the development and construction of the plant, which is part of Acme's larger under-construction portfolio of 5,080 MW. The company did not disclose the financial close date or drawdown schedule.

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July 16 (Reuters) - ACME Solar Holdings Ltd ACMO.NS:

• ACME SOLAR - RAISES 26.47 BILLION RUPEES PROJECT FUNDING FROM REC

Source text: ID:nNSE7dYcsZ

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** Shares of Acme Solar Holdings ACMO.NS up 2.2% to a record high of 389 rupees apiece

** Co's unit, ACME Suryodaya Pvt Ltd commissioned 240.720 MWh capacity of battery energy storage system (BESS) project in Jaisalmer, Rajasthan

** Commercial operation date for the project is July 2, 2026

** Unit achieves a commissioned capacity of 842.624 MWh

** RSI at 76.19, placing the stock in overbought territory, according to LSEG data

** YTD, stock up 63.73%

(Reporting by Saikeerthi in Bengaluru)

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June 5 (Reuters) - ACME Solar Holdings Ltd ACMO.NS:

• COMPLETES 28 BILLION RUPEES QUALIFIED INSTITUTIONAL PLACEMENT

Source text: ID:nBSE6ckgQ7

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** Shares of Acme Solar Holdings ACMO.NS rise 7.5% to 330.25 rupees

** ACME Solar Holdings has launched a Qualified Institutional Placement (QIP) on Monday, with a floor price of 294.13 rupees per share

** ACMO aims to raise up to 28 billion rupees through the QIP, CNBC-TV 18 reported, citing sources, and the term sheet

** The proceeds from the fundraise will be utilised towards debt repayment and general corporate purposes, the report added

** More than 8.9 million shares traded, about 5x more than their 30-day avg

** Seven analysts have a "Strong Buy" rating while four have a "Buy" rating; median PT is 343 rupees - data compiled by LSEG

** Stock up ~39%, YTD

(Reporting by Urvi Dugar in Bengaluru)

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June 1 (Reuters) - ACME Solar Holdings Ltd ACMO.NS:

• ACME SOLAR - APPROVES OPENING OF QUALIFIED INSTITUTIONS PLACEMENT ON JUNE 1, 2026

• ACME SOLAR - SETS FLOOR PRICE FOR ISSUE AT 294.13 RUPEES PER EQUITY SHARE

Source text: ID:nBSE9pLmDQ

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April 22 (Reuters) - ACME Solar Holdings Ltd ACMO.NS:

• ACME SOLAR HOLDINGS LTD - PLANS TO OPERATIONALISE 10 GWH BESS OVERALL BY 2027

Source text: ID:nNSEbvbpFy

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April 8 (Reuters) - ACME Solar Holdings Ltd ACMO.NS:

• UNIT COMMISSIONS ADDITIONAL 4 MW OF 100 MW WIND PROJECT IN GUJARAT

Source text: ID:nNSE8n0PW9

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** Acme Solar Holdings ACMO.NS rises 5.9% to 266 rupees; marks steepest rise since November 2025

** Investec starts with "buy", PT of 319 rupees

** Says co's 5.1GW under construction (UC) pipeline gives co multi-year growth visibility, scaling installed capacity to 6GW by FY28 and 8GW by FY30 (26% growth over FY25-30)

** Expects consol return on equity to rise to 19.5% by FY28 from 7.1% in FY25 as share of high quality assets (~79% of co's UC pipeline) ramps up through FY26-28

** Says co's installed capacity to rise to 6GW by FY28 from 2.5GW in FY25, driving revenue, EBITDA, PAT growth of 62%, 63%, 69%, respectively

** Adds EBITDA margins to expand to 89.5% by FY28 vs 87.9% in FY25 on higher execution of high-margin projects

** YTD, ACMO up 7%

(Reporting by Yagnoseni Das in Bengaluru)

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March 24 (Reuters) - ACME Solar Holdings Ltd ACMO.NS:

• ACME SOLAR HOLDINGS LTD - COMMISSIONS 155 MW / 470.25 MWH BATTERY ENERGY STORAGE PROJECTS IN RAJASTHAN

Source text: ID:nBSEWC5Zb

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Fixes typo

March 13 (Reuters) - ACME Solar Holdings Ltd ACMO.NS:

• COMMISSIONS 143 MW / 481 MWH BATTERY ENERGY STORAGE SYSTEM IN RAJASTHAN

Source text: ID:nBSE5W2h7J

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March 12 (Reuters) - ACME Solar Holdings Ltd ACMO.NS:

• ACME SOLAR HOLDINGS LTD - SIGNS TWO PPAS WITH SJVN FOR 450 MW/1,800 MWH CAPACITY

Source text: ID:nBSE9ZtJzY

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Feb 19 (Reuters) - ACME Solar Holdings Ltd ACMO.NS:

• SIGNS PPA WITH SECI FOR 190 MW HYBRID PROJECT

• PROJECT AT TARIFF OF 4.72 RUPEES PER UNIT WITH 25-YEAR TENURE

Source text: ID:nBSE8lD5M5

Further company coverage: ACMO.NS

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Feb 10 (Reuters) - ACME Solar Holdings Ltd ACMO.NS:

• ACME SOLAR HOLDINGS LTD - AWARDED LOA FOR 220 MW SOLAR WITH BATTERY ENERGY STORAGE SYSTEM PROJECT

• ACME SOLAR HOLDINGS LTD - PROJECT WITH TARIFF OF 2.764 RUPEES PER UNIT

Source text: ID:nBSE2xxXFy

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Feb 2 (Reuters) - ACME Solar Holdings Ltd ACMO.NS:

• GETS COMMISSIONING CERTIFICATE GEDA FOR 16 MW WIND POWER PROJECT

Source text: ID:nBSE3k8z0z

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Jan 6 (Reuters) - ACME Solar Holdings Ltd ACMO.NS:

• ACME SOLAR HOLDINGS LTD - UNIT RECEIVES COMMISSIONING CERTIFICATE FROM GEDA

• ACME SOLAR HOLDINGS LTD - 12 MW OF 100 MW WIND PROJECT COMMISSIONED IN GUJARAT

Source text: ID:nBSE8DWr0K

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Nov 20 (Reuters) - ACME Solar Holdings Ltd ACMO.NS:

• COMMISSIONS SECOND PHASE OF ADDITIONAL 16 MW OF ITS 100 MW WIND POWER PROJECT

• PROJECT'S OPERATIONAL CAPACITY NOW 44 MW OUT OF 100 MW IN GUJARAT

Source text: ID:nBSE4sYzds

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By Sethuraman N R

NEW DELHI, Oct 6 (Reuters) - India's federal power regulator has admitted petitions filed by two renewable energy developers seeking compensation for financial losses incurred due to delays in setting up transmission infrastructure, according to regulatory filings.

The outcome could set a precedent for renewable energy developers facing transmission bottlenecks, as India accelerates its clean energy rollout.

In the filing posted over the weekend, the Central Electricity Regulatory Commission (CERC) is examining whether the Power Grid Corporation of India PGRD.NS and the Central Transmission Utility of India, the institutions responsible for setting up transmission infrastructure, should compensate developers for losses.

CERC has asked both to respond within six weeks.

The developers, ACME Solar ACMO.NS and AMPIN Energy, argued in separate petitions that they suffered financial losses due to their inability to transmit power from their solar projects due to delays in operationalising transmission infrastructure.

The Gurugram-based ACME Solar is seeking more than 210 million rupees in compensation, while AMPIN Energy did not specify its losses.

CERC has directed the Central Transmission Utility and Power Grid to submit details on the transmission system, commissioning timelines, and reasons for the delays.

The petitions are scheduled to be heard on November 27.

Power Grid and the Central Transmission Utility did not immediately respond to Reuters' email seeking comments.

India has been forced to curb solar output during periods of low demand to maintain grid stability and ease congestion, as renewable energy supply rises and transmission projects lag.

Rajasthan, India’s top green power-producing state, has seen nearly 4 gigawatts of clean energy curtailed, with estimated losses of up to 2.5 billion rupees ($28.16 million), according to the Rajasthan Solar Association.

($1 = 88.7875 Indian rupees)

(Reporting by Sethuraman NR; Editing by Harikrishnan Nair)

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Sept 23 (Reuters) - ACME Solar Holdings Ltd ACMO.NS:

• ACME SOLAR HOLDINGS LTD - SECURES 11 BILLION RUPEES REFINANCING FROM SBI

Source text: ID:nBSE9XLF3Q

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NEW DELHI, Sept 20 (Reuters) - The central Indian state of Madhya Pradesh has secured India’s lowest-ever price for buying solar power backed by battery storage in a clean energy auction, a top state official said, in a deal that could reshape how states buy power.

CEIGALL India CEIG.NS and ACME Solar ACMO.NS won the tenders to supply clean power to Madhya Pradesh at 2.70 rupees (about 3 U.S. cents) per kWh and 2.764 rupees per kWh, respectively, the official said on Saturday.

The lower price at which solar power can be supplied using battery storage could set a precedent for other states, showing them that renewable energy with storage can be cheaper than coal, said Manu Srivastava, a top official at the state's Power and Renewable Energy Department.

The project has two units, each delivering 220 megawatts of power during sunny hours using solar panels, and in the evenings drawing power from batteries charged by solar energy.

In the mornings, before the sun has charged the panels, the units draw power from those same batteries, which have been recharged with cheaper night-time electricity from the grid.

The state is planning longer-duration storage projects and aims to eventually offer 24-hour renewable power at rates comparable to coal power, Srivastava said.

The lower prices come as India is rapidly adding to its renewable energy capacity, aiming to expand its non-fossil fuel capacity to 500 GW by 2030.

Coal power, however, remains central to the country's energy strategy because of the need for stable power during non-solar hours and the absence of viable, affordable storage projects.

($1 = 88.0950 Indian rupees)

(Reporting by Sethuraman NR; Editing by Tom Hogue)

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** Shares of Acme Solar ACMO.NS rise 3.2% to 312 rupees

** Renewable energy co forms JV with Japan's IHI Corp 7013.T to develop one of India's largest green ammonia projects in Odisha

** IHI will acquire 30% stake in JV, ACME to retain the rest; aims to produce 0.4 mln tonnes of green ammonia annually

** Green ammonia used in energy and industrial applications, as a fuel and feedstock to decarbonise sectors

** ACMO also secured a 38.92 billion rupee ($441.58 million) funding from SBI SBI.NS to develop a 400 MW renewable project in Rajasthan

** Stock up ~33% YTD

($1 = 88.1390 Indian rupees)

(Reporting by Urvi Dugar)

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** Shares of ACME Solar Holdings ACMO.NS rise 2.9% to 295.6 rupees

** Renewable energy co wins 50 MW solar-plus-storage project from Tata Power TTPW.NS at 4.43 rupees/unit tariff under a 25-year power purchase agreement

** Project to be commissioned within 24 months from signing of agreement

** Stock rated "strong buy" on avg; median PT is 350 rupees - data compiled by LSEG

** Stock up 25.4% YTD

(Reporting by Aleef Jahan in Bengaluru)

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Aug 27 (Reuters) - ACME Solar Holdings Ltd ACMO.NS:

• APPROVES FUNDRAISING UP TO 30 BILLION RUPEES VIA SECURITIES

Source text: ID:nBSE5d0QPb

Further company coverage: ACMO.NS

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