ACME Solar Commissions 300 MW Solar Project in Bikaner
By Ankur Chandra | Published at: Jun 24, 2025 04:01 PM IST
Gurugram, June 24, 2025 – ACME Solar Holdings Limited (NSE: ACMESOLAR, BSE: 544283) has successfully completed the commissioning of its full 300 MW solar power project in Bikaner, Rajasthan, through its wholly owned subsidiary, ACME Sikar Solar Private Limited.
The final 60 MW phase was commissioned on June 23, rounding off a series of staggered activations earlier this quarter. Won under SECI’s XVIII tender for 1 GW of ISTS-connected PV power projects, the project is expected to generate around 780 million units (MUs) of renewable energy annually.
As of 1:23 PM on Tuesday, the stock is trading at ₹249.55, up 1.61% for the day, after opening slightly higher at ₹251.70.
Project Commissioning Timeline
| Date | Capacity Commissioned | Cumulative Capacity (MW) |
|---|---|---|
| May 9, 2025 | 52.5 MW | 52.5 MW |
| May 19, 2025 | 112.5 MW | 165.0 MW |
| June 10, 2025 | 75 MW | 240.0 MW |
| June 23, 2025 | 60 MW | 300.0 MW |
Key Highlights of Sikar Solar Project
- Location: Bikaner, Rajasthan
- Total Area: ~1,300 acres
- Grid Connectivity: Bikaner II Substation at 220 kV
- Annual Generation Capacity: ~780 million units (MUs)
- Tariff: ₹3.05 per unit under SECI-ISTS XVIII scheme (adopted by CERC)
- Status: PPA to be signed shortly
Wind Portfolio Expansion
ACME also commissioned its first-ever wind energy project during the quarter – a 50 MW wind farm at Shapar, Gujarat. With the addition of a final 3.3 MW turbine on June 23, the project reached full capacity. The Shapar facility operates under a 25-year PPA with GUVNL and was developed entirely by ACME’s in-house EPC team, marking the company’s formal entry into wind energy.
Portfolio Summary Post-Commissioning
| Metric | Value |
|---|---|
| Total Operational Capacity | 2,890 MW |
| Projects Under Implementation | 4,080 MW |
| Total Portfolio (Solar + Wind + Hybrid) | 6,970 MW |
| EPC/O&M Status | Fully In-house |
Management Commentary
“Commissioning of the full Sikar solar capacity and our first wind project not only strengthens our operational base but also diversifies our portfolio,” the company said in a statement. “With in-house EPC and O&M capabilities, we remain committed to delivering cost-effective and time-efficient renewable solutions with best-in-class performance metrics.”
Market Outlook
The commissioning of the full 300 MW Sikar solar project, along with ACME’s debut wind project, reflects strong execution and portfolio diversification on the company’s end. These developments signal operational growth and improved revenue visibility, which boosted investor sentiment, resulting in a positive uptick in the share price.
About the Company
ACME Solar Holdings Limited is a publicly listed integrated renewable energy firm headquartered in Gurugram, Haryana. The company specializes in solar, wind, and hybrid renewable energy solutions, backed by robust in-house engineering, procurement, and construction (EPC) as well as operations and maintenance (O&M) capabilities. Its shares are listed on NSE and BSE.
REF: https://nsearchives.nseindia.com/corporate/ACME122002_24062025083156_Intimation.pdf
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