ACME Solar commissions 12 MW wind project in Gujarat, total operational capacity reaches 68 MW
ACME Solar commissioned an additional 12 MW wind power project in Gujarat. The project's total operational capacity is now 68 MW out of 100 MW. The project is financed by PFC and uses SANY turbines, with a 25-year PPA with Gujarat Urja Vikas Nigam Limited.
The addition of 12 MW is a significant step but represents a relatively small portion of the company's total operational capacity (2,958 MW) and under-construction capacity (4,562 MW). Therefore, the immediate financial impact is likely to be moderate.
The company has successfully commissioned additional capacity, increasing its operational power generation, which is a positive development for the company's growth and revenue.
ACME Solar Holdings Limited, through its subsidiary ACME Eco Clean Energy Pvt Ltd, has commissioned an additional 12 MW of a wind power project located in Surendranagar, Gujarat. This expansion brings the total operational capacity of the wind project to 68 MW out of a planned 100 MW, which is being commissioned in phases.
The ACME Eco Clean Energy wind power project was financed by Power Finance Corporation (PFC) and constructed using the company's in-house EPC capabilities, deploying SANY's 4 MW turbines. The power generated will be sold under a 25-year Power Purchase Agreement (PPA) signed between ACME Eco Clean and Gujarat Urja Vikas Nigam Limited.
The commissioning of the additional 12 MW was observed by officials from GEDA and PGVCL, and a Memorandum of Understanding (MOM) for the commissioning has been signed. A formal certificate is expected shortly.
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See the model portfoliosA plain-language summary of a public exchange filing by Acme Solar Holdings Limited. Read the original for the full detail.