Deals11 Dec 2024, 10:01 pm
ACME Solar Secures 250 MW FDRE Project in NHPC Auction at INR 4.56 per unit
AI Summary
ACME Solar Holdings Limited has successfully secured a 250 MW Firm & Dispatchable Renewable Energy (FDRE) project in the e-reverse auction held by NHPC on December 10, 2024, at a tariff of INR 4.56 per unit. This project includes a green-shoe option that could potentially expand the total capacity to 500 MW. With this win, Acme Solar’s total capacity now stands at 6,970 MW. The project is expected to have a Scheduled COD in FY’ 2027-28, assuming PPA to get signed in early FY’26.
Key Highlights
- ACME Solar secured a 250 MW FDRE project in NHPC auction
- Project includes a green-shoe option for potential expansion to 500 MW
- ACME Solar's total capacity now stands at 6,970 MW
- Project to deliver four hours of peak supply requiring a blend of solar, wind, and battery technologies
- Project is expected to have a Scheduled COD in FY’ 2027-28, assuming PPA to get signed in early FY’26