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20-Nov-2025     10:19
ACME Solar commissions additional 16 MW in Gujarat wind project

With this phase, the project's operational capacity now stands at 44 MW, contributing to ACME Solar's overall operational portfolio rising to 2,934 MW.

Officials from the Gujarat Energy Development Agency (GEDA) and Paschim Gujarat Vij Company (PGVCL) witnessed and confirmed the commissioning. The formal certificate is expected to be issued shortly. The remaining capacity will be commissioned in phases.

The company recently received an extension to the project's Scheduled Commercial Operation Date (SCOD) from the Gujarat Electricity Regulatory Commission (GERC) after Force Majeure events under the power purchase agreement (PPA) were recognised. The revised SCOD is now 5 March 2026. ACME Solar has already achieved early commissioning for the first two phases with a cumulative 44 MW.

The wind project is financed by the Power Finance Corporation (PFC) and constructed through ACME's in-house EPC team, using SANY 4 MW turbines. Power generated from the project will be supplied under a 25-year PPA between ACME Eco Clean and Gujarat Urja Vikas Nigam (GUVNL).

ACME Solar Holdings is a fully integrated renewable energy company in India with a diversified portfolio across solar, wind, storage, hybrid and Firm and Dispatchable Renewable Energy (FDRE) projects.

The company's consolidated net profit stood at Rs 115.06 crore in Q2 FY26, up 652.51% as against Rs 15.29 crore in Q2 FY25. Revenue from operations jumped 80.18% YoY to Rs 467.74 crore in Q1 September 2025.

Shares of ACME Solar Holdings rose 0.53% to Rs 244.35 on the BSE.

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