Gurugram-based renewable energy company ACME Solar Holdings has commissioned the first 28 MW of its 100 MW wind power project in Surendranagar, Gujarat.

The project has been financed by Power Finance Corporation and was constructed through in-house engineering, procurement, and construction services, deploying SANY’s 4 MW turbines.

The energy generated by the project is pooled at a 33/220 kV pooling station and stepped up for evacuation to the Shapar substation using a dedicated single circuit 220 kV transmission line. The project would share the substation with ACME Solar’s already commissioned 50 MW wind power project.

The power generated from the project will be sold through the 25-year power purchase agreement signed between ACME Eco Clean and Gujarat Urja Vikas Nigam.

ACME’s total operational capacity has increased from 2,890 MW to 2,918 MW with this addition.

India added 1.6 GW of wind energy capacity in the second quarter (Q2) of 2025, a 113% year-over-year increase from 769 MW in Q2 2024, according to Mercom India Research.

In September, ACME Solar executed a share purchase agreement to acquire 100% equity shares of AK Renewable Infra for an enterprise value of ₹792.5 million (~$9 million). Jaipur-based AK Renewable Infra has secured all development rights, including land, connectivity, and associated approvals, for a 300 MW solar project in Rajasthan.

In August this year, ACME Solar Holdings’ board of directors approved a plan to raise ₹30 billion (~$342.23 million) in one or more tranches by issuing equity shares or other equity-linked instruments and securities.

In the same month, the company’s wholly owned subsidiary, ACME Hybrid Urja, secured long-term project financing of ₹31.84 billion (~$363.72 million) from REC to develop a 280 MW firm and dispatchable renewable energy project.

In June, ACME Solar Holdings secured a domestic project finance facility totaling ₹10.72 billion (~$128.38 million) for its wholly-owned subsidiary, ACME Aklera Power Technology. This facility will be used to refinance the debt associated with the company’s 250 MW operational solar project in Rajasthan.