ACME Solar Holdings Limited has successfully bid for 300 MW of contracted capacity in SECI’s e-reverse auction for assured peak power supply. The project, under Tariff-Based Competitive Bidding, will supply 1,200 MWh during a four-hour duration at a discovered tariff of Rs. 6.00/kWh. This development is expected to expedite project execution and add 1.2 GWh to ACME’s battery energy storage portfolio, increasing its PPA-signed BESS pipeline to approximately 15 GWh.
ACME Solar Secures 300 MW Peak Power Project
ACME Solar Holdings Limited (ACME) has emerged as a successful bidder in a significant e-reverse auction conducted by SECI (Solar Energy Corporation of India). The tender was for the “Selection of RE Power Developers for assured Peak Supply of 6000 MWh (1500 MW x 4 Hrs.) from ISTS-Connected RE Projects in India, under Tariff-Based Competitive Bidding (SECI-FDRE-IX).” This win marks a crucial expansion of ACME’s renewable energy assets.
Key Project Details and Tariff
Under this tender, ACME has secured a contracted capacity of 300 MW. The discovered tariff for this capacity is Rs. 6.00/kWh. The project entails supplying 1,200 MWh (equivalent to 300 MW for a four-hour duration) as assured peak power. The company has indicated that it possesses the necessary connectivity grants and has already acquired a substantial portion of the land required for the project, indicating strong development readiness.
Portfolio Expansion and Future Outlook
Upon the execution of the Power Purchase Agreement (PPA), this project is poised to contribute 1.2 GWh to ACME’s existing battery energy storage portfolio. This substantial addition will elevate the company’s PPA-signed Battery Energy Storage System (BESS) pipeline to approximately 15 GWh, underscoring ACME’s strategic focus on integrated renewable energy solutions with storage capabilities. The company anticipates that this development readiness will significantly shorten the project execution timeline and facilitate timely commissioning.
Source: BSE
