New Launch30 Jan 2026, 08:53 am
ACME Solar Signs PPA for 250 MW ISTS-Connected FDRE Project with NHPC Ltd
AI Summary
ACME Solar Holdings Limited, through its subsidiary ACME Urja One Private Limited, has signed a 25-year Power Purchase Agreement (PPA) with NHPC Limited for its 250 MW Firm and Dispatchable Renewable Energy (FDRE) Tranche VI Project. The project will be connected to ISTS substations and is expected to have a CUF of more than 60%. ACME Solar will invest approximately Rs 3,700 crore and has already acquired 40% of the land requirement. This PPA increases ACME Solar's total PPA-signed portfolio to 5,630 MW.
Key Highlights
- ACME Solar signs PPA with NHPC Ltd for 250 MW FDRE Tranche VI Project
- Project to be connected to ISTS substations with approvals already in place
- Expected CUF of the project is more than 60%
- ACME Solar to invest approximately Rs 3,700 crore in the project
- ACME Solar's total PPA-signed portfolio now stands at 5,630 MW