ACME Solar Holdings Limited announced the execution of a 25-year Power Purchase Agreement (PPA) for a 300 MW capacity project. This agreement, signed through its subsidiary ACME Renewtech Sixth Private Limited, is with the Solar Energy Corporation of India Limited (SECI) for the FDRE Tranche VII – Assured Peak Power Project. The PPA aims to supply 4 hours of assured peak power daily during non-solar hours, ensuring a minimum annual availability of 85%.
Key Agreement for ACME Solar
ACME Solar Holdings Limited, via its wholly owned subsidiary ACME Renewtech Sixth Private Limited, has officially executed a significant Power Purchase Agreement (PPA). The agreement is with the Solar Energy Corporation of India Limited (SECI), a government enterprise, for a substantial capacity of 300 MW. This PPA is part of the Firm and Dispatchable Renewable Energy (FDRE) Tranche VII – Assured Peak Power Project, with a project tenure of 25 years.
Project Details and Scope
Under the terms of the PPA, ACME Solar will supply 4 hours of assured peak power specifically during non-solar hours. The project is set to connect to ISTS substations and will leverage existing night-time connectivity in high irradiation zones. A key operational requirement is maintaining a minimum annual availability of 85%. The project was awarded following SECI’s FDRE Tranche-VII tender, with the Letter of Award (LOA) issued on February 10, 2026.
Transaction Terms
The contract specifies a tariff of Rs. 6.28 per unit for the power supplied. The executed PPA is for a contracted capacity of 300 MW. This development marks another step in ACME Solar’s extensive renewable energy portfolio, which spans solar, wind, storage, and hybrid solutions, totaling 8,070 MW of contracted capacity.
Company Background
ACME Solar Holdings Limited is recognized as a leading integrated renewable energy player. The company manages a diversified portfolio and possesses in-house EPC and O&M divisions, enabling end-to-end project development and operation. This strategic approach ensures efficient project delivery and high operational performance, reflected in industry-leading capacity utilization factors and operating margins.
Source: BSE
