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The latest announcement is out from ACME Solar Holdings Ltd. ( (IN:ACMESOLAR) ).
ACME Solar Holdings Limited, through its subsidiary ACME Eco Clean Energy Pvt Ltd, has commissioned an additional 8 MW of its 100 MW wind power project in Surendaranagar, Gujarat, bringing the operational capacity to 52 MW. This milestone, witnessed by GEDA and PGVCL officials, enhances ACME Solar’s total operational capacity to 2,942 MW. The project is financed by Power Finance Corporation and constructed using SANY’s 4 MW turbines, with power sales secured through a 25-year Power Purchase Agreement with Gujarat Urja Vikas Nigam Limited.
More about ACME Solar Holdings Ltd.
ACME Solar Holdings Limited is a prominent player in the renewable energy sector, offering a diversified portfolio that includes solar, wind, storage, FDRE, and hybrid solutions. The company boasts an operational capacity of 2,942 MW and an under-construction capacity of 4,578 MW, including approximately 15 GWh of BESS installations. With an in-house EPC and O&M division, ACME Solar is known for its end-to-end project development and maintenance, ensuring timely and cost-effective delivery with industry-leading capacity utilization factors and operating margins.
Average Trading Volume: 93,202
Technical Sentiment Signal: Strong Sell
Current Market Cap: 138.3B INR
Learn more about ACMESOLAR stock on TipRanks’ Stock Analysis page.