ACME Solar Signs PPA with NHPC for 680 MW FDRE Project

ACME Solar Holdings Limited, a leader in renewable energy, has signed a Power Purchase Agreement (PPA) with NHPC Limited for a Firm & Dispatchable Renewable Energy (FDRE) project of 680 MW capacity. This project, awarded to ACME Solar under a 1400 MW FDRE tender issued by NHPC, will be developed across multiple locations including Gujarat, Madhya Pradesh, Karnataka and Rajasthan. The project integrates solar, wind, and battery storage, setting a new benchmark for hybrid energy systems and contributing to a greener future. It has a minimum annual (CUF) guarantee of 40% and is required to meet 90% of the promised value during peak hours, significantly reducing greenhouse gas (GHG) emissions.