ACME Solar Signs 300 MW PPA with SECI for Assured Peak Power Project
ACME Solar Holdings Limited, through its wholly owned subsidiary ACME Renewtech Sixth Private Limited, has executed a 25-year Power Purchase Agreement (PPA) with Solar Energy Corporation of India Limited (SECI) for 300 MW of assured peak power capacity. The agreement is for a Firm and Dispatchable Renewable Energy (FDRE) Tranche VII - Assured Peak Power Project and is connected to the ISTS substations.Under the terms of the PPA, ACME Solar will supply assured peak power for 4 hours only during non-solar hours, maintaining a minimum annual availability requirement of 85%. This project utilized ACME Solar's existing night-time connectivity at high irradiation zones.
The project was awarded to ACME Solar following its participation in SECI's FDRE Tranche-VII tender, which was conducted under Tariff-Based Competitive Bidding (TBCB) guidelines, with the e-reverse auction taking place on February 02, 2026.
Project and Contract Details
The details of the executed Power Purchase Agreement (PPA) are as follows:| Detail | Description | Value |
|---|---|---|
| Contract Awarded To | ACME Renewtech Sixth Private Limited (Wholly owned subsidiary of ACME Solar Holdings Limited) | N/A |
| Contracting Entity | Solar Energy Corporation of India Limited (SECI) | N/A |
| Agreement Type | Power Purchase Agreement (PPA) | N/A |
| Contract Capacity | 300 MW | N/A |
| Project Size | 300 MW | N/A |
| Tariff | Rs. 6.28 per unit | N/A |
| Scheduled Commencement of Supply Date (SCSD) | 28.05.2028 | N/A |
| Project Tenure | 25 years from the date of SCSD | N/A |
| Domestic/International | Domestic | N/A |
The PPA was entered into for a contracted capacity of 300 MW. This revised capacity is mutually agreed upon between the parties for the optimization of the project configuration and implementation, differing from the 301 MW capacity mentioned in the original Letter of Award (LOA).
Portfolio Overview
The signing of this agreement brings the total PPA-signed portfolio, out of a total contracted portfolio of 8,070 MW, to 6,570 MW.ACME Solar Holdings Limited operates as a leading integrated renewable energy player. The company manages a diversified portfolio of 8,070 MW spanning solar, wind, storage, FDRE, and hybrid solutions. Operationally, ACME Solar has an operational contracted capacity of 2,990 MW and 2.7 GWh of Battery Energy Storage System (BESS) Capacity. Additionally, the company has a construction capacity of 5,080 MW, including approximately 18 GWh of BESS installation. Of the projects under construction, the signed PPA portfolio stands at 3,580 MW. The company maintains an inhouse EPC and O&M division, enabling end-to-end development and operation of the plants, ensuring a time and cost-effective approach and best-in-class operating performance.
ACMESOLAR Stock Price Movement
Shares of Acme Solar Holdings Limited are edging higher to ₹302.1 as of 9:28 AM today, rallying 0.50% in live trading. The stock trades on high volume of 133,468 shares, holding well above its day low of ₹299.5.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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