ACME Solar Surges: Major Credit Boost & HUGE 450MW Peak Power Project Win!

ACME Solar Holdings' stock rose over 1% to ₹255.35 on the BSE, with its market capitalization reaching ₹15,385 crore. This jump follows positive news including an 'AA-/Stable' credit rating from ICRA for its subsidiary, ACME Dhaulpur Powertech Private Limited (ADPPL), for a ₹990 crore term loan for a 300 MW solar project. The project, supported by IREDA and secured via a 25-year Power Purchase Agreement (PPA) with SECI, shows strong performance. Additionally, ACME Solar has been awarded a 450 MW – 1800 MWh peak power project by SJVN Green Energy Ltd. This project, secured at ₹6.75 per unit for 25 years, will include a 1,800 MWh Battery Energy Storage System (BESS) and utilize Indian-made solar cells.

Impact: This dual news significantly bolsters ACME Solar's financial standing and operational capacity. The improved credit rating is expected to lower borrowing costs for the subsidiary, while the substantial peak power project win, the company's first with a BESS, expands its market presence and revenue visibility in the critical peak power segment. This signals strong execution capabilities and strategic growth for the company, positively influencing investor confidence in ACME Solar and the broader Indian renewable energy sector. Rating: 7/10.

Difficult Terms: * Power Purchase Agreement (PPA): A contract for buying and selling electricity at a set price and volume over a period. * Capacity Utilization Factor (CUF): The ratio of actual electricity generated to the maximum possible generation. * Battery Energy Storage System (BESS): Technology that stores electricity in batteries for later use, balancing grids and providing power when needed. * Indian-made solar cells: Solar cells manufactured within India, adhering to the 'Make in India' initiative.