ACME Solar operationalizes 3.62 GWh Battery Energy Storage System projects in Rajasthan
ACME Solar Holdings Limited has achieved a significant milestone in renewable energy storage, announcing that its operational BESS capacity now stands at approximately 3.62 GWh across three project sites located in Rajasthan. This achievement positions the company as one of the fastest scaling entities in the Indian Battery Energy Storage System (BESS) market, enhancing grid stability and supporting the shift toward reliable, round-the-clock renewable power generation.The company reported that through its various subsidiaries, ACME Solar commissioned approximately 2.29 GWh of BESS capacity during the current financial year to date. This addition brings the cumulative operational BESS capacity to roughly 3.62 GWh nationwide.
In a related technical update regarding the ACME Suryodaya BESS facility in Pokhran, Rajasthan, the company provided details on the recent incident. Root cause analysis confirmed that the event was traced back to an electrical short circuit, which resulted in a localized fire affecting AC cables located between the Transformer and PCS components, leading to equipment shutdown.
The company stated that the fire did not damage any other equipment present on site and was quickly controlled. Restoration activities for the facility have been successfully completed. ACME Solar acknowledged the prompt response from its onsite professional staff and technological assistance provided by partners during and after the incident.
Company Operations and Portfolio Snapshot
ACME Solar Holdings Limited operates as a leading integrated renewable energy player, maintaining a diversified portfolio that encompasses solar, wind, storage, FDRE, and hybrid solutions. The company leverages an inhouse EPC and O&M division to manage end-to-end development of its plants, ensuring cost-effective delivery and best-in-class operating performance.Key operational metrics for ACME Solar Holdings Limited include:
| Metric | Value |
|---|---|
| Total Renewable Energy Portfolio | 8,070 MW (Solar, wind, storage, FDRE, hybrid) |
| Operational Contracted Capacity | 2,990 MW |
| BESS Capacity | ~3.62 GWh |
| Under Construction Contracted Capacity | 5,080 MW |
| Under Construction PPA Portfolio | 3,880 MW |
ACMESOLAR Stock Price Movement
Acme Solar Holdings Limited shares shed 1.18% of their value to settle at ₹363.05 today. The equity saw significant trading activity, registering a volume of 2.29 million shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.