ACME Solar Wins 130 MW Railways REMCL Round-The-Clock Renewable Energy Tender With Rs 4.35 Per Unit Bid

ACME Solar Holdings Limited (ACME Solar) has emerged as the winning bidder for 130 MW under e-Reverse auction conducted by REMC Limited’s (REMCL) 1000 MW Round-the-Clock (RTC) Renewable Energy project tender. The company's winning bid was Rs 4.35 per unit. This bid is for procurement of power by end user, i.e. Indian Railways, which requires consistent power profile throughout the day due to its unique load requirements. The Railways will enter into a direct Power Purchase Agreement (PPA) with the winning bidders without any intermediary. As part of this winning bid, ACME Solar will be required to supply renewable energy complemented with dispatchable sources and/or Energy Storage Systems (ESS) from ISTS- connected projects to ensure firm, round-the-clock clean power. The project will be commissioned within 30 months of signing the PPA.