ACME Solar Holdings Limited has successfully commissioned four ISTS-connected SECI projects aggregating to 1,023 MW capacity in Jaisalmer, Rajasthan, on December 18th, 2024.
This achievement marks the commissioning of one of the largest single location projects by any renewable energy company in India this year. The remaining capacity of 177 MW from these plants is already energised and is in process of commissioning.
The project had already started supplying power from October 2024. This project at its full capacity is estimated to generate around 3000 MUs of clean electricity and will obviate GHG emissions of 2.6 million tonnes each year. The project is strategically located in one of the best solar irradiation zones of the country and leverages common infrastructure from all four plants (300 MW each) to evacuate power leading to optimized generation at a higher efficiency. The project is financed by PFC and REC and has a 25-year PPA with Solar Energy Corporation of India (SECI), at a tariff of Rs 2.44 / unit.
Commenting on this achievement, Nikhil Dhingra, CEO of ACME Solar Holdings Limited, said, "This commissioning is a very important milestone for us . This takes our total Commissioned portfolio to 2363 MW and central government counterparty portfolio to 65% of total portfolio. Out of this, we have 1773 MW capacity located in high irradiance zone of Rajasthan. We are very thankful to all stakeholders for their support. It is a testament to the excellent project and engineering capabilities of our team. We are really looking forward to strengthening our presence in Rajasthan further in near term with our upcoming CTU connected solar, FDRE and Hybrid plants utilising our existing connectivity and executed PPA's with Central counterparties.
Shares of ACME Solar Holdings Limited was last trading in BSE at Rs. 250.50 as compared to the previous close of Rs. 258.05. The total number of shares traded during the day was 186073 in over 3920 trades.
The stock hit an intraday high of Rs. 260.30 and intraday low of 248.10. The net turnover during the day was Rs. 46906685.00. |
