ACME Solar Commissions 143 MW / 481 MWh Battery Energy Storage System in Rajasthan

ACME Solar Holdings Ltd (ACME Solar) through its various subsidiaries has commissioned 142.67 MW / 481.49 MWh of Battery Energy Storage System (BESS) in phase-1 out of its total planned BESS capacity of 585 MW / 2011.24 MWh under these SPVs. Overall, Company's current portfolio requires installation of ~17 GWh of BESS in multiple phases across different states.

Located in the state of Rajasthan, these BESS are connected with existing operational Inter-State Transmission System (ISTS) and will run on merchant basis on short term basis, generating additional revenue stream through price differential between peak and non-peak demand hours. Eventually they will be integrated with respective FDRE projects, which will then continue under the PPA for 25 years.

These are designed to enhance grid reliability and optimise power utilisation by charging batteries during non-peak demand periods and discharging during peak demand periods. This capability will play a critical role in balancing energy supply and demand while improving the overall grid stability.

Shares of ACME Solar Holdings Limited was last trading in BSE at Rs. 240.15 as compared to the previous close of Rs. 229.85. The total number of shares traded during the day was 71812 in over 3797 trades.

The stock hit an intraday high of Rs. 243.40 and intraday low of 223.60. The net turnover during the day was Rs. 17103914.00.

Source : Equity Bulls

Keywords

ACMESolarHoldings INE622W01025 Subsidiaries BESS Phase1