ACME Urja One Private Limited, a subsidiary of ACME Solar Holdings, has executed a 25-year Power Purchase Agreement (PPA) with SECI Limited. This agreement is for a 190 MW Hybrid Power Project, including wind, solar, and Battery Energy Storage Systems (BESS), ensuring assured peak power supply. The tariff set for this project is Rs. 4.72 per unit, and the Scheduled Commercial Operation Date (SCOD) is targeted for February 27, 2028. This execution boosts ACME Solar’s total signed portfolio to 5,820 MW.
Execution of Major Power Purchase Agreement
ACME Solar Holdings Limited announced that its wholly owned subsidiary, ACME Urja One Private Limited, has finalized a significant 25-year Power Purchase Agreement (PPA) with the Central Government enterprise, SECI Limited. This PPA, signed on February 18, 2026, pertains to the development of a 190 MW Hybrid Power Project integrating wind and solar resources with assured peak power supply capabilities.
Project Details and Commercial Terms
The project is a crucial part of a larger 380 MW capacity allocation. The PPA mandates the supply of power with a minimum annual Capacity Utilisation Factor (CUF) of 50% and an obligation to meet 80% of the daily peak power requirement. The commercial consideration is set at a competitive tariff of Rs. 4.72 per unit for the supply of Hybrid Power, which includes a Battery Energy Storage System (BESS).
Key timelines are defined as:
- Scheduled Commercial Operation Date (SCOD): February 27, 2028.
- Project tenure: 25 years from the PPA signing date.
Portfolio Expansion and Financing Status
Following the execution of this PPA, ACME Solar’s total PPA-signed portfolio has reached 5,820 MW. Within the current financial year, the company has signed PPAs totaling 1,240 MW.
The announcement confirms that connectivity and transmission system timelines are aligned with the COD timeline. Furthermore, this specific project has already secured financing from Power Finance Corporation Ltd (PFC) as part of the existing sanctioned Phase II portfolio.
Company Capacity Snapshot
ACME Solar Holdings, described as a leading integrated renewable energy player, maintains a diversified portfolio. Their total pipeline now encompasses 8,071 MW across solar, wind, storage, FDRE, and hybrid solutions. Of this, the operational contracted capacity stands at 2,966 MW, while the under-construction contracted capacity is 5,105 MW, which notably includes approximately ~17 GWh of BESS installation.
Compliance and Disclosure
This information is disclosed voluntarily by the Company Secretary and Compliance Officer, Rajesh Sodhi, in accordance with applicable listing requirements. The details regarding the non-involvement of promoters/promoter groups and the absence of related party transactions were explicitly confirmed in the regulatory filing.
Source: BSE
