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ACME Solar Holdings Ltd. ( (IN:ACMESOLAR) ) just unveiled an announcement.
ACME Solar Holdings Limited has commissioned an additional 12 MW of its wind power project in Surendranagar, Gujarat, through its subsidiary ACME Eco Clean Energy Pvt Ltd, increasing the project’s operational capacity to 68 MW out of a planned 100 MW. Financed by Power Finance Corporation and built using the company’s in-house EPC capabilities with 4 MW turbines supplied by SANY, the project will supply power under a 25-year power purchase agreement with Gujarat Urja Vikas Nigam Limited, reinforcing ACME Solar’s position in India’s renewable energy market as it continues phased commissioning and expands its wind generation footprint in the state.
More about ACME Solar Holdings Ltd.
ACME Solar Holdings Limited is a leading integrated renewable energy company with a diversified portfolio across solar, wind, energy storage, firm dispatchable renewable energy (FDRE) and hybrid solutions. The company has an operational capacity of 2,958 MW and 4,562 MW under construction, including around 15 GWh of battery energy storage systems, and leverages in-house EPC and O&M capabilities to deliver cost- and time-efficient projects with industry-leading capacity utilisation factors and operating margins.
Average Trading Volume: 72,631
Technical Sentiment Signal: Strong Sell
Current Market Cap: 131.2B INR
See more data about ACMESOLAR stock on TipRanks’ Stock Analysis page.