StockWatch
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Holding Company
Deals16 Oct 2026, 08:40 pm

ACME Solar Subsidiary Executes 300 MW PPA with SECI

AI Summary

ACME Solar Holdings Ltd announced that its wholly owned subsidiary, ACME Greentech Twenty Private Limited, has executed a Power Purchase Agreement (PPA) with Solar Energy Corporation of India Limited (SECI Limited). The agreement is for an assured Peak Power project with a contract capacity of 300 MW under FDRE Tranche IX. The project has a tariff of Rs. 6.00 per unit and is scheduled for commencement of supply on April 6, 2028, with a project tenure of 25 years from that date. This PPA represents a significant step in expanding the company's renewable energy portfolio.

Key Highlights

  • Subsidiary executed a 300 MW PPA with SECI.
  • Project tenure is 25 years from April 2028.
  • Tariff set at Rs. 6.00 per unit.
  • Enhances ACME Solar's renewable energy capacity.