ACMESOLAR commissions first phase of 28 MW wind power project
ACME Solar commissions the first phase of its 100 MW wind power project in Gujarat, adding 28 MW to its operational capacity, now totaling 2,918 MW. The project is financed by PFC and will sell power through a 25-year PPA.
The commissioning of the first phase of the wind power project represents a positive step for the company, increasing its operational capacity. However, the impact is limited to the specific project and its immediate financial implications.
The announcement highlights the commissioning of a new project phase, increasing the company's operational capacity, which is generally perceived positively.
* ACME Solar Holdings Limited, through its subsidiary ACME Eco Clean Energy Private Limited, has commissioned the first phase of 28 MW out of a 100 MW wind power project in Surendranagar, Gujarat. * The commissioning was witnessed and confirmed by Gujarat Energy Development Agency (GEDA) and Paschim Gujarat Vij Company Limited (PGVCL) officials. * The company's total operational capacity has increased from 2,890 MW to 2,918 MW with this commissioning. * The project is financed through Power Finance Corporation (PFC) and constructed through in-house EPC, deploying SANY’s 4 MW turbines. * The power generated will be sold through 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 capex. 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.