StockWatch
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Holding Company
Award28 Aug 2026, 01:18 pm

ACME Solar Secures 300 MW Peak Power Project from SECI

AI Summary

ACME Solar Holdings Limited has received a Letter of Award (LOA) from Solar Energy Corporation of India Limited (SECI) for a 300 MW contracted capacity. This project is part of SECI's 6,000 MWh (1,500 MW x 4 Hours) Assured Peak Power Tender (FDRE-IX). The project has a tariff of ₹6.00 per kWh for the entire 25-year PPA tenure. The Scheduled Commencement of Supply Date (SCSD) is 18 months from the PPA signing date. This award signifies a significant business development for ACME Solar in the renewable energy sector.

Key Highlights

  • ACME Solar awarded 300 MW assured peak power project.
  • SECI is the awarding entity for the FDRE-IX tender.
  • Project secured at a tariff of ₹6.00 per kWh.
  • PPA tenure is 25 years from SCSD.
  • SCSD is 18 months from PPA signing.