Latest news with #StandaloneBatteryEnergyStorageSystem
Mint
3 days ago
- Business
- Mint
ACME Solar signs a battery energy storage purchase agreement with NHPC: Details here
Stock Market Today: ACME Solar on Friday announced having signed a battery energy storage purchase agreement with NHPC. ACME Solar Holdings Limited on Friday, 18 July 2025, announced having signed a battery energy storage purchase agreement with NHPC. The agreement with NHPC is for a total contracted capacity of 275 MW / 550 MWh As per the release by ACME Solar on the National Stock Exchange of India and the BSE, or the Bombay Stock Exchange, 'ACME Solar Holdings, through its wholly owned subsidiaries, has signed Battery Energy Storage Purchase Agreements (BESPA) with NHPC for a total contracted capacity of 275 MW/550 MWh across two Standalone Battery Energy Storage System (BESS) projects.' The projects were secured at ₹ 2,10,000 per MW per month for 50MW/100MWh and ₹ 2,22,000/MW/month for 225 MW/450 MWh through an e-reverse auction on June 24, 2025. Letters of Award (LOA) for these projects were issued on July 8, 2025. The projects are under the Government of India's Viability Gap Funding (VGF) plan, which provides ₹ 27 lakh per MWh or 30% of the total project cost, whichever is lower. The customer's identification as Andhra Pradesh facilitated a smooth transition from LOA to BESPA signing. These groundbreaking projects in Andhra Pradesh are set to be operational within 18 months after signing the BESPA. Establishing the standalone BESS installation at the customer's site, with their own land and evacuation infrastructure, will speed up project execution. ACME Solar Holdings is a prominent integrated renewable energy player with a diverse portfolio of 6,970 MW and 550 MWh across solar, wind, and storage. ACME Solar share price opened at 280.25, slightly higher than the previous day's closing price of ₹ 278.60. The ACME Solar share price, though, hit intraday highs of ₹ 287 and also dipped to lows of ₹ 274.50 amid weakness in the Indian stock Market when the benchmark indices also slipped more than 0.5% The ACME Solar share price, however, is inching close to 52-week highs of ₹ 30144.15 and has rebounded well from 52 week low of ₹ 167.55 in January 2025. Disclaimer: The views and recommendations made above are those of individual analysts or brokerage companies and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Time of India
3 days ago
- Business
- Time of India
ACME Solar Holdings bags 275 MW/550 MWh battery energy storage projects from NHPC
ACME Solar Holdings has bagged two battery energy storage projects totalling 275 MW/550 MWh from state-owned NHPC . "The projects have been secured at a tariff of Rs 2,10,000/MW/month for 50MW/100MWh and Rs 2,22,000/MW/month for 225MW/450MWh through e-reverse auction held on June 24, 2025," ACME Solar Holdings said in a statement. Explore courses from Top Institutes in Select a Course Category MBA CXO Others Leadership Degree PGDM Technology Data Science Public Policy Project Management others Management MCA Cybersecurity Digital Marketing Artificial Intelligence Data Analytics Operations Management healthcare Healthcare Design Thinking Finance Product Management Data Science Skills you'll gain: Analytical Skills Financial Literacy Leadership and Management Skills Strategic Thinking Duration: 24 Months Vellore Institute of Technology VIT Online MBA Starts on Aug 14, 2024 Get Details Skills you'll gain: Financial Management Team Leadership & Collaboration Financial Reporting & Analysis Advocacy Strategies for Leadership Duration: 18 Months UMass Global Master of Business Administration (MBA) Starts on May 13, 2024 Get Details The projects are covered under the viability gap funding scheme of the Government of India, wherein Rs 27 lakh per MWh or 30 per cent of the total project cost, whichever is lower is provided as VGF. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Villas Prices In Dubai Might Be More Affordable Than You Think Villas In Dubai | Search Ads Get Quote Undo "ACME Solar Holdings through its wholly owned subsidiaries have signed Battery Energy Storage Purchase Agreements ( BESPA ) with NHPC for a total contracted capacity of 275 MW/550 MWh across two Standalone Battery Energy Storage System (BESS) projects," ACME Solar Holdings -- a leading integrated renewable energy player -- said.
Time of India
3 days ago
- Business
- Time of India
ACME Solar signs BESS agreements with NHPC for Andhra Pradesh projects
ACME Solar Holdings, through its wholly owned subsidiaries, has signed Battery Energy Storage Purchase Agreements (BESPA) with NHPC for two Standalone Battery Energy Storage System (BESS) projects. The projects, with a total contracted capacity of 275 MW/550 MWh, were secured through an e-reverse auction conducted on 24 June 2025. The two projects include a 50 MW/100 MWh installation at a tariff of ₹2,10,000 per MW per month, and a 225 MW/450 MWh installation at ₹2,22,000 per MW per month. The projects fall under the Government of India's Viability Gap Funding (VGF) scheme, which provides ₹27 lakh per MWh or 30 per cent of the total project cost, whichever is lower. The Letter of Award (LOA) was issued on 8 July 2025. The signing of the BESPA followed shortly after, aided by the prior identification of Andhra Pradesh as the customer. The projects are to be set up at the customer's site, with land and evacuation infrastructure provided by the state. This arrangement is expected to expedite project execution. The systems are scheduled for commissioning within 18 months of BESPA signing. BESS as a service model These projects are based on a 'BESS as a service' model, where capacity charges are payable under a structured framework. The installations will enable storage of electricity during off-peak hours and supply during periods of peak demand. They are intended to support grid stability and improve the integration of renewable energy sources such as solar and wind, which are variable in output. The deployment of Standalone BESS is part of ACME Solar's broader strategy to scale battery procurement and installation across its portfolio.
