ACME Solar, credited with being India’s largest solar power developer that broke the grid parity with a historic lowest solar tariff.

India
The renewable energy landscape is evolving rapidly, with the focus moving beyond generation capacity to solutions that can deliver reliable, flexible, and dispatchable renewable energy. For ACME Solar , this evolution is reflected in the way our portfolio and capabilities have expanded. During FY2025-26, we strengthened our position across renewable energy and energy storage. With a clear ambition to reach 10 GW of operational renewable energy capacity by 2030, the focus remains on building a diversified, scalable, and future-ready renewable energy platform. In his message in the ACME Solar Annual Report 2025-26, Mr. Manoj Kumar Upadhyay, Chairman of ACME Group, shares his perspective on the road ahead and ACME Solar’s approach to creating lasting value in India’s green power transition. Read his message and explore the complete Annual Report: acmesolar.in/assets/pdf/Annu… #AcmeSolar #AnnualReport #leadership #renewableenergy #BESS #growth
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We, through our subsidiary ACME Greentech Seventh Private Limited, have commissioned Phase-I of the Battery Energy Storage System (BESS) component of our FDRE project located at Kelan Village, Bikaner, Rajasthan. Phase-I comprises 53.63 MW / 300 MWh of BESS capacity out of our project’s total 300 MW / 1,581 MWh BESS capacity. The project marks our first assured off-peak power supply project, for which we have signed the Power Purchase Agreement (PPA) with SJVN Limited and have long-term project finance with REC. With this commissioning milestone, we have crossed the 4 GWh milestone in operational BESS capacity, with total operational capacity of 4.16 GWh. We expect to commission the entire BESS capacity for this project by Q3 of the current fiscal. #ACMESolar #BESS #EnergyStorage #RenewableEnergy #FDRE #EnergyTransition
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Through our subsidiary ACME Renewtech Private Limited, we have commissioned Phase-I comprising 66.68 MW of solar capacity at Kelan Village in Bikaner, Rajasthan. The commissioned capacity forms part of our first hybrid renewable energy project, combining 300 MW of solar capacity with 100 MW of wind capacity. The Power Purchase Agreement (PPA) for the project has been signed with NTPC Limited, with long-term project financing from PFC. With this commissioning, our operational renewable energy capacity is now approximately 3,057 MW. We expect to commission the entire 300 MW solar capacity by the end of Q3 FY27. #ACMESolar #RenewableEnergy #SolarEnergy #HybridRenewableEnergy #EnergyTransition
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India’s energy needs are constantly growing. The future of renewable energy must go beyond generation to power it. It must deliver reliable power when it is needed. By bringing together solar, wind and battery storage, hybrid energy solutions help move towards a more reliable, cleaner, and sustainable energy future. Because the transition to renewable energy isn’t just about producing more power, it’s about making renewable power work around the clock. #RenewableEnergy #EnergyTransition #HybridEnergy #BatteryStorage #Sustainability #ACME
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We have secured INR 1,571 crore long-term project funding from India Infrastructure Finance Company Ltd (IIFCL) for the construction and development of the ACME Renewtech Sixth 300 MW assured peak power project in Rajasthan. IIFCL is the sole lender for the project, with a repayment tenor of 19 years. This marks IIFCL’s first sole greenfield finance to ACME. With this milestone, the overall financing secured by us during this fiscal stands at INR 10,976 crore. The Power Purchase Agreement (PPA) for this project has been executed with SECI Limited for a period of 25 years at a tariff of INR 6.28/unit. The project combines multiple renewable energy technologies including Solar and Battery Energy Storage System (BESS) to meet the supply obligations under its PPA ensuring higher predictability and dispatchability. The project entails a total capex of INR 2123 crore and forms part of our broader battery-storage capital deployment programme for the current financial year. The project will integrate 1350 MWh BESS alongside solar generation, enabling assured peak power supply under its PPA. #RenewableEnergy #EnergyStorage #BESS #ProjectFinance #ACME
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Recognising the Champions behind our BESS Breakthrough! At ACME, we celebrate the individuals and teams whose dedication, resilience, and operational excellence keep us ahead of the curve. The Pat on the Back award acknowledged individuals and teams who handled challenges with grit and drove operational milestones. This recognition reflects the strength of our people working together for progress. #RewardsAndRecognition #EmployeeRecognition #PeopleAndCulture #BESS #RenewableEnergy #ACME
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Renewable energy is transforming the power sector. The next challenge is ensuring that clean energy is available when it's needed most. Firm and Dispatchable Renewable Energy (FDRE) addresses this by integrating solar, wind, and Battery Energy Storage Systems (BESS) to deliver reliable, round-the-clock renewable power. At ACME, we are building utility-scale FDRE solutions that combine renewable generation with advanced energy storage to strengthen grid reliability and accelerate the transition to a resilient, low-carbon energy future. #FDRE #RenewableEnergy #EnergyStorage #BESS #EnergyTransition #CleanEnergy #ACME
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Celebrating Freedom with Pride, Creativity & Togetherness. At ACME, Independence Week was a celebration of the values that shape us every day: confidence, collaboration and creativity. From passionate voices at the Open Mic, sharing stories and reflections on freedom, to teams putting their knowledge to the test at the Quiz Competition, every moment sparked energy and connection. Patriotic Attire Day added a vibrant splash of tricolour to our workplace, celebrating our diversity and shared spirit. Together, we celebrated more than Independence Week. We celebrated the freedom to express, collaborate, create and build the future together. #IndependenceDay #TeamACME #PrideInIndia #WorkplaceCulture #UnityInDiversity #EmployeeEngagement
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Freedom is a legacy. Building a sustainable future is our responsibility. This Independence Day, we celebrate India’s journey towards a future where growth and sustainability go hand in hand. At ACME, we are proud to contribute to India’s green transition and power a future that is cleaner, stronger and more sustainable. Because true independence is not just about the freedom we have today, but the future we build for tomorrow. #India #IndependenceDay #EnergyTransition #Sustainability #ACME
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We have successfully completed INR 2,147 crore refinancing, thereby redeeming our existing NCDs. Concurrently, the underlying offshore dollar bonds have also been fully redeemed. The refinancing covers 12 operational SPVs with a cumulative capacity of 450 MW under the Restricted Group (RG) Structure. The long-term refinancing has been availed from National Bank for Financing Infrastructure and Development (NaBFID), reducing the borrowing cost by approximately 150 basis points across these issuing SPVs, resulting in stronger project cash flows and an enhanced long-term capital structure. Our RG Structure, comprising 12 operational solar assets, is provisionally rated AA- by CARE Ratings, with 56% of the overall capacity tied up with Central Utilities, including SECI and NTPC. This takes the total financing raised so far during the current fiscal to INR 8,198 crore. #RenewableEnergy #SolarEnergy #CleanEnergy #EnergyTransition #InfrastructureFinance #ProjectFinance #CleanEnergyFuture #IndiaEnergy
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A strong start to FY27 reflects the continued momentum of our integrated renewable energy platform. Driven by higher irradiation, improved plant performance, and continued renewable energy and BESS capacity additions, we delivered robust growth across revenue, profitability, and energy sales during the quarter. Q1 FY27 also marked significant progress in strengthening our execution pipeline, with the commissioning of ~2.3 GWh of BESS capacity, signing of 600 MW of FDRE and Hybrid PPAs with SECI, and continued expansion of our under-construction portfolio. As we continue to scale our renewable energy and battery energy storage capabilities, we remain focused on disciplined execution and creating long-term value through an integrated clean energy platform. #ACMESolar #Q1FY27 #QuarterlyResults #RenewableEnergy #CleanEnergy #EnergyStorage #BESS #FDRE
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We have secured INR 3,404.57 crore in long-term project funding from Power Finance Corporation Limited (PFC) for our ACME Urja One Pvt Ltd (Phase III) 250 MW FDRE project, supporting its development and construction. PFC will serve as the sole financier for the project, with a repayment tenor of 19 years. This milestone takes our total project funding raised during the current fiscal to INR 6,051 crore. The project spans Fatehgarh-II in Jaisalmer, Rajasthan, and Jamkhambhaliya in Devbhumi Dwarka, Gujarat. It integrates solar, wind, and battery energy storage systems (BESS) to meet supply obligations while ensuring higher predictability and dispatchability. The project is being developed under a 25-year PPA with NHPC Limited at a tariff of INR 4.33 per unit, which is already approved and adopted by the Central and State Regulators. #FDRE #ProjectFinance #BESS #Infrastructure #RenewableEnergy #ACMESolar
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On World Nature Conservation Day 2026, we embrace the theme of Restoration, Resilience, and Responsibility. At ACME, our clean energy innovation, community empowerment, and sustainable practices prove that growth and conservation can thrive together. #WorldNatureConservationDay #Sustainability #CleanEnergy #CSR #ResponsibleGrowth
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Press Release
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We have signed a 25-year Power Purchase Agreement (PPA) with Solar Energy Corporation of India Limited (SECI), through our subsidiary ACME Renewtech Fifth Private Limited, for a 300 MW ISTS-connected Wind-Solar Hybrid Renewable Energy Project. The project will utilize our already secured ISTS connectivity at high-irradiation and wind zones and will supply power at a minimum annual Capacity Utilization Factor (CUF) of 30%. With this development, our PPA-signed portfolio has increased to 6,870 MW out of our total contracted portfolio of 8,070 MW. #RenewableEnergy #SolarEnergy #WindEnergy #CleanEnergy #Sustainability #SECI #ACME
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Media Statement on ACME Suryodaya BESS facility.
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Renewable energy is transforming the power sector. The next challenge is ensuring that clean energy is available when it's needed most. Firm and Dispatchable Renewable Energy (FDRE) addresses this by integrating solar, wind, and Battery Energy Storage Systems (BESS) to deliver reliable, round-the-clock renewable power. At ACME, we are building utility-scale FDRE solutions that combine renewable generation with advanced energy storage to strengthen grid reliability and accelerate the transition to a resilient, low-carbon energy future. #FDRE #RenewableEnergy #EnergyStorage #BESS #EnergyTransition #CleanEnergy #ACME
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We have secured ₹2,646.64 crore in long-term project financing from REC Limited for our ACME Greentech Seventh 450MW/1800MWh Assured Peak Power Project. This project combines multiple renewable energy technologies, including Solar and Battery Energy Storage System (BESS), to meet supply obligations with higher predictability and dispatchability. REC Ltd will serve as the sole financer for the project for 20 years, while the project is backed by a 25-year Power Purchase Agreement signed with SJVN Limited at a tariff of ₹6.74 per unit. This financing will support the development and construction of the project, further strengthening our integrated renewable energy portfolio and reinforcing our commitment to delivering firm, dispatchable renewable energy solutions. #ACMESolar #RenewableEnergy #CleanEnergy #BatteryStorage #FDRE #Sustainability #IndiaEnergyTransition
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Planting today. Sustaining tomorrow. As we celebrate Van Mahotsav Week, we're reminded that sustainability isn't defined only by the projects we deliver, it's also reflected in the choices we make every day. Our team, led by Mr. Nikhil Dhingra, CEO, ACME Solar, came together for a plantation drive, reinforcing our belief that lasting change begins with collective action. Every sapling planted is a step towards restoring green cover, supporting biodiversity, and creating a healthier environment for future generations. It's a small gesture today, but one that carries the promise of a greener tomorrow. The journey towards a more sustainable future doesn't begin somewhere else, it begins with us. #VanMahotsav #Sustainability #EnvironmentalStewardship #PlantationDrive #ESG #GreenerTomorrow #ACME
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One village. One decision. A lifetime of impact. Clean drinking water shouldn't depend on where you live. Yet for countless rural communities, safe water is still a daily challenge. In Pothukurupalli Village, Andhra Pradesh, that reality has changed. Through ACME's CSR initiative, a 1,000-litre RO water purification system and a borewell motor have been installed, ensuring reliable access to safe drinking water for the community. At ACME, progress isn't measured only by the energy we generate. It's reflected in the lives we improve, the communities we strengthen, and the opportunities we help create. Because real progress begins with meeting life's most essential needs. #CSR #Sustainability #CleanWater #WaterForAll #CommunityDevelopment #SocialImpact #ESG
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