The ACME Solar share price witnessed a sharp rise even as the broader stock market remained under pressure. On Friday, the stock moved higher after the company announced the commissioning of a large Battery Energy Storage System (BESS) project in Rajasthan.
The development placed ACME Solar in focus within the renewable energy sector, especially as energy storage continues to become a key part of modern power infrastructure. The announcement highlighted the company’s expanding role in integrating renewable energy, storage, and power supply solutions.
Market Performance: ACME Solar Share Price Today
The ACME Solar share price recorded strong intraday movement during the session.
Key price details from the trading session:
- Opening price: ₹241.95 per share
- Intraday high: ₹262.45 per share
- Intraday low: ₹239.10 per share
During the session, the share price surged more than 9%, drawing attention despite weakness in the broader market.
Movements like this often occur when companies announce major operational developments, particularly in sectors such as renewable energy and energy storage, which are closely watched by investors.
Main News: ACME Solar Commissions Battery Energy Storage System
The primary trigger behind the jump in the ACME Solar share price was the company’s announcement regarding the commissioning of a Battery Energy Storage System (BESS) project.
Through its subsidiaries, ACME Solar has commissioned:
- 142.67 MW / 481.49 MWh of Battery Energy Storage System capacity
- This is Phase-1 of the company’s larger planned storage capacity
- The total planned capacity stands at 585 MW / 2011.24 MWh
The project is located in Rajasthan, one of India’s key renewable energy hubs.
These storage systems are connected to the Inter-State Transmission System (ISTS), which allows power generated from renewable sources to be transmitted efficiently across regions.
Initially, the systems will operate on a merchant basis, meaning they will generate revenue through price differences between peak and non-peak electricity demand hours.
Later, these systems are expected to be integrated with Firm and Dispatchable Renewable Energy (FDRE) projects and operate under Power Purchase Agreements (PPAs) that will run for 25 years.
Expansion of Battery Energy Storage Capacity
Energy storage has become an increasingly important component of renewable power infrastructure. Since renewable sources like solar and wind generate electricity intermittently, storage systems help stabilize supply.
In this context, ACME Solar has outlined a large-scale expansion plan.
Across its portfolio, the company plans to install:
- Around 17 GWh of Battery Energy Storage Systems
- The installations will take place in multiple phases
- Projects will be spread across different states in India
This plan highlights the scale at which the company is building its renewable energy and storage ecosystem.
Company Details: ACME Solar’s Renewable Energy Portfolio
ACME Solar Holdings operates across multiple segments within the renewable energy industry.
The company’s portfolio includes projects in:
- Solar power
- Wind energy
- Energy storage systems
- Hybrid renewable solutions
- Firm and Dispatchable Renewable Energy (FDRE)
In terms of overall capacity, the company’s portfolio currently totals:
- 8,071 MW across different renewable energy solutions
Breakdown of the portfolio includes:
- 2,966 MW operational contracted capacity
- 481 MWh battery energy storage capacity currently in operation
- 5,105 MW contracted capacity under construction
- Around 16.5 GWh of BESS installations within projects under development
These projects represent a significant portion of the company’s ongoing renewable energy expansion.
Power Purchase Agreements for Renewable Energy Supply
Another key development for ACME Solar involves long-term Power Purchase Agreements (PPAs).
Recently, the company announced that its subsidiary ACME Greentech Seventh Pvt Ltd signed two PPAs to supply power through a Firm and Dispatchable Renewable Energy (FDRE) power project.
Key details include:
- 450 MW renewable energy supply capacity
- Agreements signed with SJVN Ltd
- 25-year duration for the PPAs
- Agreements formalized on March 2
The projects will be connected to ISTS substations and will utilize the company’s night-time connectivity in high irradiation regions of Rajasthan.
The tender process for these projects followed tariff-based competitive bidding regulations, with:
- E-reverse auction held on October 9, 2025
- Letter of award issued on November 10, 2025
These agreements further expand the company’s renewable energy project pipeline.
Summary
The ACME Solar share price surged more than 9% after the company announced the commissioning of 142.67 MW / 481.49 MWh of Battery Energy Storage System capacity in Rajasthan.
This development marks the first phase of the company’s larger 585 MW / 2011.24 MWh BESS plan, highlighting the growing role of energy storage in renewable energy infrastructure.
With a renewable energy portfolio of 8,071 MW, multiple Battery Energy Storage System installations, and long-term Power Purchase Agreements, ACME Solar continues to expand its presence across the solar, wind, storage, and hybrid energy segments.
The strong movement in the ACME Solar share price today reflects how operational announcements and renewable energy developments can influence market attention, even during broader market volatility.
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