Gurugram, May 27: ACME Solar Holdings Limited (ACME Solar), through its subsidiary ACME Renewtech Sixth Private Limited, has signed a 25-year Power Purchase Agreement (PPA) with Solar Energy Corporation of India Limited (SECI), a AAA-rated Central Government enterprise, for 300 MW/ 1,200 MWh ISTS-connected assured peak power capacity.
This FDRE project will be connected to ISTS substations and will utilize ACME Solar’s existing night-time connectivity available at high irradiation zones. Under the PPA, ACME Solar will supply 4 hours of assured peak power only during non-solar hours with minimum annual availability requirement of 85%.
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, 2026.
With this, out of the total contracted portfolio of 8,070 MW, PPA-signed portfolio stands at 6,570 MW.
About ACME Solar:
ACME Solar Holdings Limited is a leading integrated renewable energy player with a diversified portfolio of 8,070 MW spanning solar, wind, storage, FDRE and hybrid solutions and an operational contracted capacity of 2,990 MW and ~2.7 GWh of BESS Capacity and under construction capacity of 5,080 MW including ~18 GWh of BESS installation.
The under construction PPA signed portfolio stands at 3,580 MW. With an in-house EPC and O&M division, the company does end-to-end development and O&M of the plants, thereby delivering projects in a time & cost-effective manner while ensuring best in class operating performance evident in its industry leading CUF and operating margins.
