
Business Update19 Oct 2026, 08:53 am
ACME Solar Signs 300 MW FDRE PPA with SECI at ₹6/Unit
AI Summary
ACME Solar Holdings Ltd, through its subsidiary ACME Greentech Twenty Pvt Ltd, has signed a Power Procurement Agreement (PPA) with Solar Energy Corporation of India Limited (SECI) for a 300 MW / 1,200 MWh assured peak supply FDRE project. The tariff is set at INR 6 per unit, effective October 06, 2026. This project aims to provide dispatchable clean power during evening and night-time peak demand, enhancing grid stability. ACME Solar's contracted portfolio now stands at 4,310 MW under construction. The project will integrate Solar and Battery Energy Storage System (BESS) technologies to meet obligations, supplying 4 MWh per MW daily during non-solar hours with 90% minimum monthly availability.
Key Highlights
- Secured 300 MW / 1200 MWh FDRE PPA with SECI.
- Tariff agreed at INR 6 per unit for peak supply.
- Project integrates Solar and BESS for night-time power.
- Expands contracted under-construction portfolio to 4,310 MW.
Price Impact
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