ACME Solar Holdings Limited, through its subsidiary ACME Marigold Urja Private Limited, has signed a Power Purchase Agreement (PPA) with NTPC Limited for a 400 MW Inter-State Transmission System (ISTS)-connected Firm and Dispatchable Renewable Energy (FDRE) project. The project will operate under NTPC’s FDRE-01 tranche at a tariff of INR 4.37 per unit. This marks a significant expansion in ACME Solar’s contracted portfolio, contributing to its growing renewable energy capacity.
ACME Solar Secures Major PPA with NTPC
ACME Solar Holdings Limited (ACME Solar) announced today that its subsidiary, ACME Marigold Urja Private Limited, has entered into a significant Power Purchase Agreement (PPA) with NTPC Limited. This agreement is for a 400 MW Inter-State Transmission System (ISTS)-connected Firm and Dispatchable Renewable Energy (FDRE) project.
Project Details and Tariff
The project falls under NTPC’s FDRE-01 tranche and will operate at a competitive tariff of INR 4.37 per unit. The tariff has been approved by the Central Electricity Regulatory Commission (CERC). The project will be connected to the Raghanesda substation on the ISTS network, with the necessary connectivity grant already secured. ACME Solar has also acquired over 800 acres of land for this project and is on schedule for its planned commissioning.
Contribution to Renewable Energy Goals
This FDRE project is designed to integrate renewable energy generation with advanced energy storage solutions. It aims to provide a reliable and dispatchable power supply throughout the day, meeting peak demand requirements. The project commits to a minimum annual Capacity Utilisation Factor (CUF) of 40% and will cater to 90% of the peak power demand for 4.5 hours daily across morning and evening peak periods.
Expanded Contracted Portfolio
Following this PPA, ACME Solar’s under-construction, PPA-locked contracted portfolio has reached 4,710 MW. This is part of a larger under-construction contracted capacity totaling 5,380 MW. ACME Solar Holdings Limited is recognized as a leading integrated renewable energy player with a diversified contracted portfolio of 8,370 MW across Solar, BESS, FDRE, Hybrid, and Wind solutions, and an operational capacity of approximately 3,123 MW.
Source: BSE
