ACME Solar Powers Up: Massive Capacity Expansion and Higher Tariffs Boost Outlook

• ACME Solar Holdings plans significant capacity expansion, aiming to add 1.5 GW, effectively doubling its operational capacity to 3 GW this year.
• New projects feature higher Power Purchase Agreement (PPA) tariffs and improved utilization rates (over 50%) compared to traditional solar projects (25-30%).
• The company is constructing 2.6 GW of PPA-backed projects, with another 1.4 GW expected to be contracted soon, all with tariffs higher than the current average.
• ACME Solar reported strong Q3FY26 results: revenue of ₹496 crore, profit after tax of ₹113 crore, and impressive margins of 89.5%.
• The company focuses on hybrid and round-the-clock projects with stable 25-year tariffs, avoiding plain battery projects facing tariff pressure.