NEW DELHI, May 26: ACME Solar on Monday said it has signed a power purchase agreement with state-owned Solar Energy Corporation of India for a 300 MW/1,200 MWh power project.
ACME Solar Holdings Ltd ((ACME Solar) said its subsidiary, ACME Renewtech Sixth Pvt Ltd, has signed a 25-year Power Purchase Agreement (PPA) with the state-owned Solar Energy Corporation of India (SECI) for 300 MW/1,200 MWh of ISTS-connected assured peak power capacity.
This FDRE project will be connected to ISTS substations and will utilise ACME Solar’s existing night-time connectivity at high irradiation zones.
Under the PPA, ACME Solar will supply 4 hours of assured peak power only during non-solar hours with a minimum annual availability requirement of 85 per cent.
The project was awarded to ACME Solar under SECI’s FDRE Tranche-VII tender, pursuant to the Letter of Award (LOA) dated February 10, 2026.
The tender was issued under Tariff-Based Competitive Bidding (TBCB) guidelines, with the e-reverse auction conducted on February 02.
With this, out of the total contracted portfolio of 8,070 MW, PPA-signed portfolio stands at 6,570 MW.
ACME Solar Holdings Ltd is a leading integrated renewable energy player with a diversified portfolio of spanning solar, wind, storage, FDRE and hybrid solutions. (PTI)
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