ACMESOLARNSEAcme Solar Holdings LimitedMediumPositive
Announced Mon, 23 Mar · 22:05 IST

Acme Solar Holdings Limited has informed the Exchange about Commencement of first phase of 60 MW capacity of Battery Energy Storage System (BESS) Project

Greenfield CommissionedCapex & Operations View source PDF

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AI summary

Acme Solar Holdings, through its wholly owned subsidiary ACME Surya Power Private Limited, has commissioned the first phase of a Battery Energy Storage System (BESS) project at Village Jaimalsar, District Bikaner, Rajasthan. The commissioned phase has a capacity of 60 MW / 269.606 MWh, which is part of a larger 250 MW / 1103.392 MWh BESS project. The Commercial Operation Date (COD) for this first phase is set for March 25, 2026. The project is being executed via a wholly owned subsidiary, and the remaining capacity is expected to be commissioned in subsequent phases.

Likely market impact

Positive for shareholders as this marks progress on a large-scale energy storage project, strengthening the company's position in the renewable energy storage segment. Investors should watch for commissioning of remaining phases and revenue contribution from BESS operations.