A huge development in the renewable energy infrastructure of India, ACME Solar Holdings Limited (ASHL) has managed to commission the first phase of its 300 MW solar energy project in Rajasthan. This 66.68 MW first phase was commissioned on September 12, 2026, thus marking a significant step for the company that deals in clean energy production.
The recently commissioned solar energy plant, which has been commissioned by its subsidiary firm, ACME Renewtech Private Limited, is situated in Kelan village, Chhattargarh tehsil, Bikaner district, Rajasthan. The date of commercial operation (COD) for this 66.68 MW first phase has been fixed as September 14, 2026. Once fully functional, the Bikaner power plant, having an installed capacity of 300 MW, will further help in enhancing the firm’s presence in one of the most energy-rich states of India in terms of solar power production.
The company, established in 2015, has quickly emerged to be one of the largest IPPs in India and among the top 10 renewable energy firms in India by operational capacity. The company has a diversified portfolio of solar, wind, hybrid, and FDRE projects in 10 states of India.
This stability is underpinned by robust power purchase agreements (PPAs) with government and private entities. These long-term contracts, typically lasting 25 years and with fixed tariff rates, significantly mitigate demand risks and ensure assured revenue.
ACME Solar Holdings continues to demonstrate strong momentum in the financial markets. Trading at a current share price of ₹402.30, the company has a market capitalization of ₹28,437.55 crore. It has delivered impressive returns of 26.19% over the past year. This strong market performance puts ACME Solar in competition with energy industry giants like Adani Green Energy, JSW Energy, and NTPC Green Energy, reflecting strong investor confidence in its expansion roadmap.
A huge development in the renewable energy infrastructure of India, ACME Solar Holdings Limited (ASHL) has managed to commission the first phase of its 300 MW solar energy project in Rajasthan. This 66.68 MW first phase was commissioned on September 12, 2026, thus marking a significant step for the company that deals in clean energy production.
The recently commissioned solar energy plant, which has been commissioned by its subsidiary firm, ACME Renewtech Private Limited, is situated in Kelan village, Chhattargarh tehsil, Bikaner district, Rajasthan. The date of commercial operation (COD) for this 66.68 MW first phase has been fixed as September 14, 2026. Once fully functional, the Bikaner power plant, having an installed capacity of 300 MW, will further help in enhancing the firm’s presence in one of the most energy-rich states of India in terms of solar power production.
The company, established in 2015, has quickly emerged to be one of the largest IPPs in India and among the top 10 renewable energy firms in India by operational capacity. The company has a diversified portfolio of solar, wind, hybrid, and FDRE projects in 10 states of India.
This stability is underpinned by robust power purchase agreements (PPAs) with government and private entities. These long-term contracts, typically lasting 25 years and with fixed tariff rates, significantly mitigate demand risks and ensure assured revenue.
ACME Solar Holdings continues to demonstrate strong momentum in the financial markets. Trading at a current share price of ₹402.30, the company has a market capitalization of ₹28,437.55 crore. It has delivered impressive returns of 26.19% over the past year. This strong market performance puts ACME Solar in competition with energy industry giants like Adani Green Energy, JSW Energy, and NTPC Green Energy, reflecting strong investor confidence in its expansion roadmap.