ACME Solar commissions 8 MW wind power, total operational capacity reaches 2,942 MW
ACME Solar's subsidiary commissioned an additional 8 MW of a 100 MW wind power project in Gujarat, taking its operational capacity to 52 MW. The company's total operational capacity now stands at 2,942 MW.
The commissioning of 8 MW is a step towards completing the 100 MW project and contributes to the company's overall operational capacity, but it's a partial completion of a larger project.
The commissioning of additional capacity and increase in total operational capacity are positive developments for the company.
ACME Solar Holdings Limited, through its subsidiary ACME Eco Clean Energy Private Limited, has commissioned an additional 8 MW of its 100 MW wind power project located in Surendaranagar, Gujarat. This follows the earlier phased commissioning of 44 MW, bringing the total commissioned capacity for this project to 52 MW.
The commissioning was witnessed by officials from Gujarat Energy Development Agency (GEDA) and Paschim Gujarat Vij Company Limited (PGVCL), with a formal certificate expected shortly. This development increases ACME Solar's total operational capacity to 2,942 MW.
The wind power project utilizes SANY's 4 MW turbines and is financed by Power Finance Corporation (PFC). The generated power will be sold under a 25-year Power Purchase Agreement (PPA) with Gujarat Urja Vikas Nigam Limited.
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Acme Solar Holdings Limited filed this with the NSE as a statutory disclosure, categorised under other company updates. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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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.