ACME Solar Holdings Ltd (ACME Solar) has successfully commissioned an additional 155 MW / 470.25 MWh of Battery Energy Storage System (BESS) projects in Rajasthan. This achievement takes the company’s total commissioned BESS capacity to 297.67 MW / 951.74 MWh, as part of its planned capacity of 835 MW / 3,114.64 MWh across various subsidiaries.
The newly commissioned BESS projects are integrated with the existing operational Inter-State Transmission System (ISTS) and will operate on a merchant basis. This setup allows ACME Solar to generate additional revenue by capitalising on the price differential between peak and non-peak demand hours.
These projects are designed to enhance grid reliability and optimise power utilisation. They achieve this by charging batteries during periods of non-peak demand and discharging during peak demand, thereby playing a crucial role in balancing energy supply and demand while improving overall grid stability.
ACME Solar Holdings Limited is a prominent player in the renewable energy sector, with a diversified portfolio of 8,071 MW that includes solar, wind, storage, FDRE, and hybrid solutions. The company boasts an operational contracted capacity of 2,978 MW and approximately 1.0 GWh of BESS capacity, with an additional 5,093 MW under construction, including around 16 GWh of BESS installations. Its under-construction PPA signed portfolio stands at 3,292 MW. With an in-house EPC and O&M division, ACME Solar ensures efficient project development and operation, maintaining industry-leading CUF and operating margins.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).