ACME Solar awarded 50 MW FDRE project by Tata Power at INR 4.43/unit tariff

ACME Solar Holdings Ltd has been awarded a Letter of Award (LOA) for a 50 MW Firm and Dispatchable Renewable Energy (FDRE) project by Tata Power Company Limited (Tata Power-D) at a tariff of INR 4.43/ unit. The project, which will combine multiple renewable energy technologies including Solar and Battery Energy Storage System (BESS), is expected to have a minimum annual Capacity Utilization Factor (CUF) of 40% and ensure four hours of peak-hour supply with 90% availability on a monthly basis. The project will be developed under tariff-based competitive guidelines (TBCB) and will have a peak supply obligation for a period of 25 years. The commissioning timeline of the project is 24 months from the PPA signing.