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ACME Solar Holdings Ltd. ( (IN:ACMESOLAR) ) just unveiled an update.
ACME Solar Holdings Ltd has been awarded a 50 MW Firm and Dispatchable Renewable Energy (FDRE) project by Tata Power at a tariff of INR 4.43 per unit. This project, part of a 250 MW tender, will utilize a combination of solar and Battery Energy Storage System (BESS) technologies to meet supply obligations over a 25-year Power Purchase Agreement (PPA). The project is expected to be commissioned within 24 months from the PPA signing, enhancing ACME Solar’s industry positioning and operational capacity.
More about ACME Solar Holdings Ltd.
ACME Solar Holdings Ltd is a prominent player in the renewable energy sector, offering a diverse portfolio that includes solar, wind, storage, Firm and Dispatchable Renewable Energy (FDRE), and hybrid solutions. The company boasts an operational capacity of 2,890 MW and provides end-to-end development and operations & maintenance (O&M) services, ensuring efficient project delivery and superior operating performance.
Average Trading Volume: 133,742
Technical Sentiment Signal: Strong Buy
Current Market Cap: 172B INR
Learn more about ACMESOLAR stock on TipRanks’ Stock Analysis page.