ACME Solar Holdings Ltd. Company History and Annual Growth Details

Our Company was originally incorporated as ÂACME Solar Holdings Private LimitedÂ at Haryana, India, as a private limited company under the Companies Act, 2013, pursuant to a certificate of incorporation dated June 3, 2015, issued by the Registrar of Companies, Delhi and Haryana at New Delhi. Upon the conversion of our Company into a public limited company, pursuant to a board resolution dated May 1, 2017, and a shareholdersÂ resolution dated May 2, 2017, the name of our Company was changed to ÂACME Solar Holdings LimitedÂ, and a fresh certificate of incorporation dated May 12, 2017, was issued by the RoC. Pursuant to a board resolution dated January 21, 2020, and a shareholdersÂ resolution dated January 24, 2020, our Company was converted into a private limited company and consequently, the name of our Company was changed to ÂACME Solar Holdings Private LimitedÂ, and a fresh certificate of incorporated dated July 1, 2020, was issued by the Registrar of Companies, New Delhi. Due to administrative and commercial considerations our Company was converted from a public limited company to a private limited company on July 1, 2020.

Subsequently, pursuant to a Board resolution dated May 27, 2024 and a ShareholdersÂ resolution dated June 7, 2024, our Company was converted into a public limited company and consequently, the name of our Company was changed to ÂACME Solar Holdings LimitedÂ and a fresh certificate of incorporation dated June 22, 2024 was issued by the RoC.

Major Events and Milestones:

2015

-Incorporation of our Company

2017

-Acquisition of operational portfolio of 494 MW renewable energy plants from ACME Group by our Company, along with EPC capabilities to become a vertically integrated renewable energy power developer

-Achieved installed capacity of 1 GWp of renewable energy till December 2017

-Expanded our presence to commission renewable energy plants across ten different states in India.

2018

-Our Company developed 299.5 MWp solar power plant at Bhadla, Rajasthan

-Commissioned over 2 GWp of renewable energy

-Commissioned 50th solar energy power plant

2020

-400 MW and 100 MW of solar plants sold to ACTIS and AMPLUS, respectively

2021

-260 MW and 250 MW of solar plants sold to Renew and Ayana, respectively

-Refinanced the debt of certain of our Project SPVs through green bonds wherein the Project SPVs issued unlisted NCDs in Fiscal 2022 for a total amount of ? 24,855.25 million (US$ 334.00 million) including a top up debt of ? 5,029.30 million (US$ 67.58 million) to India Cleantech Energy, whose green bonds are listed on the Singapore Stock Exchange.

2022

-Commissioned over 3 GWp of renewable energy

2023

-Awarded with our first wind energy project of 150 MW by GUVNL

2024

-369 MW of solar plants sold to Blupine

-Diversified into complex renewable energy projects with award of 570 MW of FDRE project from SJVN and 680 MW of FDRE projects from NHPC

-Awarded Hybrid/Hybrid with peak power projects of 830 MW

-Awarded Solar project of 300 MW and Solar and BESS of 350 MW

2025
-ACME Solar Commissions First Phase of 26.4 MW of its Maiden Wind Power Project in Gujarat.
-ACME Solar commissions an additional 112.5 MW at the ACME Sikar Solar Power Project in Rajasthan.
-ACME Solar signs PPA with Tata Power-D for 50 MW FDRE project.
-ACME Solar secures INR 4,725 crore financing and expands banking base.
-ACME Solar commissions of additional 4 MW out of 100 MW capacity of wind power project.

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