ACME Solar Signs 400 MW FDRE PPA with NTPC

ACME Solar Holdings Limited, through its subsidiary ACME Marigold Urja Private Limited, has secured a Power Purchase Agreement (PPA) with NTPC Limited for a 400 MW Inter-State Transmission System (ISTS)-connected Firm and Dispatchable Renewable Energy (FDRE) project. The project, under NTPC's FDRE-01 tranche, will have a tariff of INR 4.37 per unit, adopted by the Central Electricity Regulatory Commission (CERC). The project will integrate renewable energy generation with energy storage solutions to provide reliable and dispatchable power, meeting peak demand hours with a minimum annual Capacity Utilisation Factor (CUF) of 40% and an obligation to meet 90% of peak power requirements for 4.5 hours daily. ACME Solar has secured over 800 acres of land and is on track for commissioning. This PPA brings the under-construction PPA-locked contracted portfolio to 4,710 MW out of a total of 5,380 MW under construction.