ACME Solar Holdings Ltd.ACMESOLAR₹247.20 -0.40%

ACME Solar Holdings Ltd. has won its first standalone Battery Energy Storage System (BESS) project, securing both awarded packages in NHPC’s competitive tender for energy storage in Andhra Pradesh. The cumulative capacity of the project stands at 275 MW / 550 MWh and marks a major milestone in ACME’s diversification into grid-scale energy storage.

The two project components include:

  • 150 MW / 300 MWh BESS at Nagayalanka, Krishna district
  • 125 MW / 250 MWh BESS at Kurnool Ultra Mega Solar Park, Kurnool district

The BESS project was tendered by NHPC under its standalone energy storage initiative, aimed at strengthening grid flexibility, reducing dependence on fossil fuels, and supporting variable renewable energy sources such as solar and wind. With this project, ACME Solar expands its footprint into grid-scale storage solutions, building on its existing portfolio of solar and hybrid projects.

The awarded capacity will help balance demand and supply fluctuations in the region by providing stored power during peak hours, enhancing grid stability and reliability. The project is aligned with India’s national objectives to integrate large-scale renewable energy while ensuring energy security.

This development adds to ACME Solar’s overall commitment to innovation-driven clean energy solutions. The company’s portfolio now includes 5,130 MW of signed Power Purchase Agreements (PPAs), of which 2,890 MW is already operational. With a strong project pipeline and ongoing investments in advanced technologies like battery storage, ACME is positioned to play a key role in India’s clean energy future.

The project will be implemented in Andhra Pradesh and is expected to serve as a benchmark for future large-scale BESS installations across the country.

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Note: The stock price mentioned is as of 2:25 PM.

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