ACME Solar commissions 300 MWh BESS capacity

ACME Solar Holdings Limited (

) has commissioned 66.68 MW of solar capacity and 300 MWh of battery energy storage capacity in Bikaner, Rajasthan. The development takes the company's operational renewable capacity to approximately 3,057 MW, while total operational battery storage capacity has reached 4.16 GWh. Your view The key development is the addition of battery storage alongside solar generation. Storage can improve the ability to supply power beyond solar generation hours. The next factors I would watch are project commissioning timelines, capacity utilisation and the company's capital deployment across its renewable portfolio. The stock touched a fresh 52-week high of ₹434.70 on September 18 and gained 5.6% during the session. Disclosure: I do not hold any position or have any interest in ACME Solar Holdings Limited as of the time of posting.