ACME Solar has achieved major milestone of cumulatively operationalising 2 GWh BESS capacity in Rajasthan

ACME Solar Holdings Ltd (ACME Solar), has cumulatively operationalized more than 2 GWh BESS capacity in Rajasthan. The company is among the first Indian renewable energy companies to achieve this scale of energy storage deployment. With this, the company's total operational BESS capacity cumulatively stands at 591.18 MW / 2031.24 MWh across various subsidiaries in Rajasthan. Overall, the company plans to operationalise 10 GWh of BESS by 2027.

These BESS projects are designed to enhance grid reliability and optimise power utilisation by charging batteries during non-peak demand periods and discharging during peak demand periods. This capability will play a critical role in balancing energy supply and demand while improving the overall grid stability.

ACME Solar Holdings Limited is a leading integrated renewable energy player with a diversified portfolio of 8,071 MW spanning solar, wind, storage, FDRE and hybrid solutions and an operational contracted capacity of 2,990 MW and ~2.0 GWh of BESS capacity and under construction contracted capacity of 5,081 MW including ~15 GWh of BESS installation. The under construction PPA signed portfolio stands at 3,280 MW. With an in-house EPC and O&M division, the company does end-to-end development and O&M of the plants, thereby delivering projects in a time & cost-effective manner while ensuring best in class operating performance evident in its industry leading CUF and operating margins.

Shares of ACME Solar Holdings Limited was last trading in BSE at Rs. 303.55 as compared to the previous close of Rs. 296.30. The total number of shares traded during the day was 154461 in over 3853 trades.

The stock hit an intraday high of Rs. 306.50 and intraday low of 296.75. The net turnover during the day was Rs. 46720223.00.

Source : Equity Bulls

Keywords

ACMESolarHoldings INE622W01025 Milestone BESSCapacity Rajasthan