ACMESOLARNSEAcme Solar Holdings LimitedMediumPositive
Announced Thu, 26 Mar · 19:17 IST

Acme Solar Holdings Limited has informed the Exchange about Update on commissioning of additional 4 MW capacity of wind power project in Gujarat.

Greenfield CommissionedCapex & Operations View source PDF

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AI summary

Acme Solar's subsidiary, ACME Eco Clean Energy Private Limited, has commissioned an additional 4 MW of its 100 MW wind power project located in Surendranagar district, Gujarat. With this latest addition, the subsidiary has now commissioned 92 MW out of the total 100 MW capacity. The commissioning was witnessed by officials from GEDA (Gujarat Energy Development Agency) and PGVCL, with the formal certification expected shortly. This update follows a series of progressive commissioning announcements made over the past several months, indicating steady build-out of the project.

Likely market impact

Incremental positive for shareholders — the subsidiary is steadily approaching full commissioning of its 100 MW wind project, which will boost the group's operating renewable capacity and future revenue once the remaining 8 MW is also commissioned.