Acme Solar Holdings shares gain 4% after securing 250 MW renewable energy project in NHPC auction

Acme Solar Holdings shares gained 4.3% to their intraday high of Rs 279.70 on the BSE on Thursday after the company secured a 250 MW renewable energy project in an NHPC e-reverse auction held on December 10, 2024.

With this win, Acme Solar’s total capacity has reached 6,970 MW, the company said in a statement.

Acme Solar Holdings shares will remain in focus on Thursday after the company secured a 250 MW renewable energy project in an NHPC e-reverse auction held on December 10, 2024. With this win, Acme Solar’s total capacity has reached 6,970 MW, the company said in a statement.


The firm and dispatchable renewable energy (FDRE) project was secured at a tariff of Rs 4.56 per unit. The project also includes a green-shoe option, potentially expanding its capacity from 250 MW to 500 MW, the company added.

An FDRE plant enables round-the-clock power supply, assisting power distribution companies (discoms) in fulfilling their renewable purchase obligations (RPOs) and energy storage obligations (ESOs).

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The project will deliver four hours of peak supply, requiring a blend of solar, wind, and battery technologies, ensuring a reliable and stable energy supply during periods of high demand.

Nikhil Dhingra, CEO of ACME Solar Holdings Limited, said, "We are looking forward to increasing our commitment to NHPC with this bid win and executing this project utilising CTU (central transmission utility) connectivity we already have in Rajasthan and Gujarat. This project is likely to have a scheduled COD (commercial operation date) to be in FY28 assuming PPA (power purchase agreement) to get signed in early FY26."

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Acme Solar Holding is one of the largest renewable energy producers and among the top 10 renewable energy players in India.

On Wednesday, ACME Solar Holdings closed at Rs 268.1, down 1.1% on the BSE, while the benchmark Sensex ended flat.

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