ACME Cleantech Solutions Private Ltd
- Company typePrivate
- Founded2003
- HeadquartersHaryana, India
- Headcount1,001–5,000
- GTM typeB2B
- OfferingServices
What ACME Cleantech Solutions Private Ltd does
ACME Cleantech Solutions Private Ltd, founded in 2003 and headquartered in Gurugram, Haryana, is a wholly-owned subsidiary of publicly-listed ACME Solar Holdings Limited (BSE/NSE) operating as a utility-scale renewable energy developer. The company's core technology portfolio spans solar trackers (including Arctech Skyline II single-axis trackers for the Oman project), utility-scale Battery Energy Storage Systems (BESS) with over 200 MW/962 MWh commissioned capacity targeting 300 MW/1,409.34 MWh, wind power projects (92 MW operational in Gujarat), and green hydrogen and ammonia production technology integrated with renewable power generation.
The company serves three primary customer segments: (1) state electricity utilities procuring renewable power under long-term PPAs (e.g., Gujarat Urja Vikas Nigam Limited); (2) the Indian fertilizer sector, where it supplies green ammonia under 10-year SECI-tendered agreements at ₹49.75-64.74/kg covering 670,000 tonnes/year for 13 fertilizer units; and (3) international offtakers including Japan's IHI Corporation via a joint venture targeting export markets from the Duqm, Oman project ($540M financing, 100,000 tonnes/year initial capacity, expandable to 1.1 million tonnes).
ACME's revenue model is anchored in long-term contracted offtake: recurring PPA revenue from commissioned solar/wind/storage assets, transaction-based green ammonia supply agreements, and licensing/financing through ICRA-A rated subsidiary debt (₹800 crore term loan for ACME Platinum Urja). The company monetizes regulatory expertise (favorable CERC rulings) and project finance access (Power Finance Corporation, REC) as core competencies. Headcount of 1,001-5,000 employees supports execution across multiple Indian states (Rajasthan, Gujarat, Madhya Pradesh) and Oman, with operational start at the Oman green ammonia facility targeted for early 2027.
ACME Cleantech Solutions Private Ltd firmographics
Firmographics- Name
- ACME Cleantech Solutions Private Ltd
- Legal name
- ACME Cleantech Solutions Private Ltd
- Website
- https://acme.in
- Company type
- Private
- Founded year
- 2003
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Ownership category
- akta.pro rank
ACME Cleantech Solutions Private Ltd industry classification
Industry- Product category
- Renewable Energy Generation and Clean Fuel Production
- NAICS
- Electric Power Generation (22111), Solar Electric Power Generation (221114), Wind Electric Power Generation (221115)
- SIC
- Cogeneration Services & Small Power Producers (4991)
- akta.pro primary industry
- Utility-Scale BESS Project Development & Ownership (IPP/Developer) (EUAFAAAA)
- akta.pro secondary industries
- Utility-Scale BESS EPC & Integration (EUAEAEAA), Energy Storage & Microgrid Electrical Infrastructure (BESS, Controls) (IMAFAHAE)
Keywords
Where ACME Cleantech Solutions Private Ltd is headquartered
LocationHeadquarters
- HQ city
- Haryana
- HQ country
- India
- HQ region
- Asia
Offices1 record
Markets served
ACME Cleantech Solutions Private Ltd business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Infrastructure, Supply Chain, Operations, Technology or R&D, Marketing or Sales
Revenue model
- Power Generation - Solar: Revenue generated from commissioned solar power projects through long-term power purchase agreements with state utilities. ACME Solar Holdings operates subsidiaries that commission and manage solar capacity.
- Power Generation - Wind: Wind power projects with long-term PPAs with state utilities like Gujarat Urja Vikas Nigam Limited. Projects use turbines from manufacturers like SANY.
- Battery Energy Storage Services: Grid-scale battery storage projects providing grid stability and renewable integration services. Phased commissioning approach with targets of 300 MW and 1,409.34 MWh total capacity.
- Green Ammonia Production and Sales: Green hydrogen and ammonia production for export and domestic fertilizer sector. The Oman project targets 100,000 tonnes annually with expansion to 1.1 million tonnes. Domestic agreements at ₹49.75/kg to ₹64.74/kg under 10-year supply agreements.
- Term Loan Financing: Subsidiary ACME Platinum Urja Private Limited secured ICRA-A rated ₹800 crore term loan, indicating access to debt financing for project development.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Annual | Green ammonia supply agreements at ₹49.75/kg - ₹64.74/kg |
| Unit Pricing | Annual | Green ammonia domestic price benchmarks range ₹49.75/kg to ₹64.74/kg |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels2 records
ACME Cleantech Solutions Private Ltd product offering
Product offeringCore offering
ACME Cleantech Solutions develops, commissions, and operates utility-scale renewable energy assets including Battery Energy Storage Systems (BESS), wind power plants, and green hydrogen-to-ammonia production facilities. Its product portfolio spans over 200 MW / 962 MWh of commissioned battery storage in Rajasthan targeting 300 MW / 1,409.34 MWh, wind power projects in Gujarat, and a green ammonia facility in Duqm, Oman producing 300 metric tonnes per day. The company supplies power to state electricity utilities under long-term PPAs and green ammonia to domestic fertilizer producers under 10-year SECI-tendered agreements.
Product overview
ACME Cleantech Solutions Private Ltd operates as part of the ACME Group, a renewable energy company developing utility-scale clean energy projects. The product portfolio includes Battery Energy Storage Systems (BESS) with phased commissioning in Rajasthan targeting 300 MW total capacity, wind power projects in Gujarat, and green hydrogen/ammonia initiatives including a major project in Oman. The company also participates in India's National Green Hydrogen Mission through green ammonia supply agreements with SECI.
Differentiator
Problem solved
Functional benefit
Products and services
- Battery Energy Storage System (BESS) Utility-scale battery energy storage systems providing grid stability and renewable integration services. ACME operates multiple BESS phases across Rajasthan, including projects in Jaimalsar village (Bikaner) and Badi Sid village (Phalodi/Jodhpur), with commissioned capacity exceeding 200 MW / 962 MWh and a phased target of 300 MW / 1,409.34 MWh.
- Wind Power Projects Utility-scale wind power generation assets including projects in Gujarat (Surendranagar), with turbines supplied by SANY and financed by Power Finance Corporation. Electricity is sold to state utilities such as Gujarat Urja Vikas Nigam Limited under long-term Power Purchase Agreements.
- Green Ammonia Production and Supply Green ammonia production from renewable hydrogen for both export and domestic fertilizer supply. The Oman Duqm facility targets 100,000 tonnes annually initially and 1.1 million tonnes at full scale. Domestically, 10-year supply agreements under India's National Green Hydrogen Mission cover 670,000 tonnes per year at ₹49.75/kg to ₹64.74/kg, supplying 13 fertilizer units via SECI-tendered agreements.
Quantifiable outcome
- Projected to save India nearly $2.5 billion in foreign exchange through domestic green ammonia production
- +2 more outcomes
Companies that use ACME Cleantech Solutions Private Ltd
Customer profileNamed customers4 records
Segments3 records
Ideal customer profiles3 records
ACME Cleantech Solutions Private Ltd technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
ACME Cleantech Solutions Private Ltd partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core and flagship.
- SECI (Solar Energy Corporation of India)coreACME signed 10-year green ammonia supply agreement with SECI under National Green Hydrogen Mission SIGHT Mode 2A tender. This is part of India's initiative to replace imported ammonia with domestic green ammonia across 13 fertilizer units. Prices range from ₹49.75/kg to ₹64.74/kg.
- NTPC Renewable EnergyflagshipNTPC Renewable Energy co-signed green ammonia supply agreements with SECI alongside ACME, Jakson Green, and Oriana Power. All parties are backing India's green hydrogen goals through 10-year supply agreements.
- Jakson GreenflagshipJakson Green co-signed green ammonia supply agreements with SECI alongside ACME under the National Green Hydrogen Mission, supporting India's fertilizer sector decarbonization.
- Oriana PowerflagshipOriana Power co-signed green ammonia supply agreements with SECI alongside ACME for India's green hydrogen mission initiatives.
- ArctechcoreArctech, a China-headquartered solar tracker manufacturer, supplying 175 MWp of Skyline II single-axis solar trackers for ACME's green ammonia project in Duqm, Oman. The trackers are designed to withstand extreme coastal desert conditions including high wind speeds and corrosion.
- IHI Corporation (Japan)coreACME continues its green hydrogen joint venture with Japan's IHI Corporation for the Oman project. The joint venture focuses on green hydrogen and ammonia production, with the project targeting 100,000 tonnes annually initially and expansion to 1.1 million tonnes.
- ACME Sun Power Private LimitedcoreACME Sun Power Private Limited is a wholly owned subsidiary that commissioned the 33.333 MW / 160.480 MWh battery storage project in Rajasthan and manages operational capacity of 200.003 MW / 962.940 MWh.
- ACME Platinum Urja Private LimitedcoreWholly owned subsidiary of ACME Solar Holdings Limited that received ICRA-A (Stable) credit rating for a ₹800 crore long-term fund-based term loan.
Scale indicators9 records
Recent moves6 records
Expansion highlights6 records
ACME Cleantech Solutions Private Ltd competitors and assessment
Company assessmentDirect peers
- ReNew Energy Global: One of India's largest renewable IPPs with utility-scale solar and wind capacity selling to state DISCOMs and SECI; directly comparable business model, customer base, and PPA structure to ACME.
- Adani Green Energy: India's largest utility-scale renewable IPP operating across solar, wind, and hybrid projects with state-utility PPAs and SECI-tendered offtakes, directly competing with ACME in the same government-tendered renewable capacity market.
- Greenko Group: Indian renewable IPP combining solar, wind, and the country's largest BESS/pumped hydro storage portfolio; comparable to ACME's integrated renewable-plus-storage development strategy and government PPA orientation.
- Tata Power Renewable Energy: Tata Group's renewable energy arm operating utility-scale solar, wind, and BESS projects with similar government/utility offtake structure and grid-services positioning as ACME.
- JSW Energy: Indian integrated power company expanding its renewable capacity portfolio, with comparable utility-scale project development and state-utility PPA exposure as ACME.
- NTPC Renewable Energy: Government-backed utility-scale renewable IPP and co-signatory alongside ACME on SECI green ammonia supply agreements; directly comparable utility-scale renewable developer serving Indian state utilities.
- Jakson Green: Indian renewable energy and green hydrogen player that co-signed SECI National Green Hydrogen Mission agreements alongside ACME; directly competing for the same 10-year fertilizer-sector ammonia offtakes.
- Oriana Power: Indian renewable energy and green ammonia developer that co-signed SECI SIGHT Mode 2A agreements with ACME; directly competing for the same National Green Hydrogen Mission allocations.
- Hero Future Energies: Indian utility-scale renewable IPP with solar, wind, and energy storage projects, selling to state DISCOMs under long-term PPAs comparable to ACME's offtake structure.
Broad incumbents
- Reliance Industries (New Energy): Diversified Indian conglomerate with a major new-energy platform investing in solar manufacturing, BESS, and green hydrogen; broader portfolio than ACME but competing for the same Indian green-hydrogen and BESS opportunities.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
ACME Cleantech Solutions Private Ltd social profiles
Digital presenceACME Cleantech Solutions Private Ltd financial estimates
Financial estimateRevenue estimate
Valuation estimate
ACME Cleantech Solutions Private Ltd leadership team
Management profileNumber of profiles
Profiles3 records
ACME Cleantech Solutions Private Ltd funding detail
Funding detailFunding overview
Funding rounds4 records
Investors4 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
ACME Cleantech Solutions Private Ltd M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about ACME Cleantech Solutions Private Ltd
What does ACME Cleantech Solutions Private Ltd do?
ACME Cleantech Solutions develops, commissions, and operates utility-scale renewable energy assets including Battery Energy Storage Systems (BESS), wind power plants, and green hydrogen-to-ammonia production facilities. Its product portfolio spans over 200 MW / 962 MWh of commissioned battery storage in Rajasthan targeting 300 MW / 1,409.34 MWh, wind power projects in Gujarat, and a green ammonia facility in Duqm, Oman producing 300 metric tonnes per day. The company supplies power to state electricity utilities under long-term PPAs and green ammonia to domestic fertilizer producers under 10-year SECI-tendered agreements.
Is ACME Cleantech Solutions Private Ltd a public or private company?
ACME Cleantech Solutions Private Ltd is a private company. It is classified as corporate owned and is currently operating.
When was ACME Cleantech Solutions Private Ltd founded?
ACME Cleantech Solutions Private Ltd was founded in 2003. It employs 1,001 to 5,000 people.
Where is ACME Cleantech Solutions Private Ltd based?
ACME Cleantech Solutions Private Ltd is headquartered in Haryana, India, in the Asia region.
How does ACME Cleantech Solutions Private Ltd make money?
Five revenue lines are on record. Power Generation - Solar is the primary driver. The others are power Generation - Wind, battery Energy Storage Services, green Ammonia Production and Sales and term Loan Financing.
Who are ACME Cleantech Solutions Private Ltd's main competitors?
Direct peers on record are ReNew Energy Global, Adani Green Energy, Greenko Group, Tata Power Renewable Energy, JSW Energy, NTPC Renewable Energy, Jakson Green, Oriana Power and Hero Future Energies. Reliance Industries (New Energy) is listed as a broad incumbent.
Does ACME Cleantech Solutions Private Ltd have an API?
No public API is recorded for ACME Cleantech Solutions Private Ltd.
What industry is ACME Cleantech Solutions Private Ltd in?
ACME Cleantech Solutions Private Ltd's product category is Renewable Energy Generation and Clean Fuel Production. Its primary akta.pro industry code is EUAFAAAA, Utility-Scale BESS Project Development & Ownership (IPP/Developer), with a secondary code of EUAEAEAA, Utility-Scale BESS EPC & Integration. Its NAICS code is 22111 and its SIC code is 4991.