ACME Solar

ACME Solar Orders 3.1 GWh BESS From Zhejiang Narada, Trina

ACME Solar has placed an order for more than 3.1 GWh of battery energy storage systems (BESS) with global suppliers Zhejiang Narada and Trina Energy, marking one of the largest battery storage procurements to date. ACME said the BESS order will support deployments across its firm and dispatchable renewable energy (FDRE) and battery-linked projects, which […]

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India’s State Dynamics and Solar- Watch Out For Maharashtra, Gujarat

When the talks are about solar energy, India is a leader, one of the global majors, in new energy capacity addition. Thanks to aggressive solar policies of the country that is also a major coal-dependent market, it propelled itself toward clean and renewable power. However, just like any other country, the solar adoption was different […]

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Rajat Kumar Singh Joins Acme Solar As Its New Group CFO

Acme Solar has appointed Rajat Kumar Singh as its Group Chief Financial Officer (CFO). He has also been designated as a Key Managerial Personnel (KMP) and Senior Management Personnel (SMP), the company said in a regulatory filing. Sharing Singh’s brief educational background, Acme Solar said, “Rajat Kumar Singh holds a bachelor’s degree in technology (Chemical […]

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Acme Solar FY25 Results- Profits Up 130.7% As Margins Double

Renewable energy developer and EPC firm Acme Solar has reported its Q4, and full year results for FY25. Key Highlights: 1,200 MW solar projects commissioned during the year; Additional 165 MW solar capacity commissioned in May’25, ▲ 9% from FY24 1,900 MW projects won during the year, resulting in a total portfolio of 6,970 MW […]

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ACME Targets Rs 10,000cr Revenues From Solar Module, Cell Biz

ACME Group is aiming to generate Rs 10,000 crore in revenue by 2030 from its solar module and cell manufacturing operations, as part of a broader strategy to diversify beyond renewable energy generation. The Gurgaon-based company has entered the solar equipment manufacturing sector with an investment of Rs 230 crore. Its new module manufacturing facility […]

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COVER STORY: India’s Different Path For Solar Module Manufacturing

On February 17, the Ministry of New and Renewable Energy (MNRE) issued its latest ALMM (Approved List of Models and Manufacturers) list. The issuing of the much-awaited list has been increasing in frequency over the year, as the rate of addition of new firms and module manufacturing capacity picks up pace. From just 26 manufacturers […]

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ACME Solar To Focus On FDRE, Hybrid Projects, Invest Rs 17k cr

ACME Solar Holdings plans to invest Rs 17,000 crore to boost renewable energy capacity to 5 GigaWatts (GW) by 2026, the top management of the company told journalists. In an interaction with reporters, Nikhil Dhingra, CEO of ACME Solar discussed its future roadmap. The company, which was till now confined to vanilla solar projects and […]

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Q3 FY25: ACME Solar’s PAT Up By 152% YoY, PAT Margin At 28%

ACME Solar Holdings, in its Q3 FY25 financial results, reported a 152% year-over-year (YoY) increase in Profit After Tax (PAT). It also reported a 632.5% jump in its net profit on a Quarter-On-Quarter (QoQ) basis. The PAT margin reached 28%, while the net debt-to-equity ratio stood at 1.6x. The company’s total revenue increased by 9.9% […]

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News In Brief Jan 24: ACME Solar, LONGi, Sungrow, Qcells 

Rajasthan: ACME Solar Operational RE Capacity Touches 2.54 GW ACME Solar Holdings through its subsidiaries ACME Deoghar Solar Power and ACME Phalodi Solar Energy, has commissioned the remaining capacity of 47 MW and 39.95 MW, respectively. The company commissioned these projects in Rajasthan.  The company said in a regulatory filing, “These two plants are now […]

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