India's ACME Solar Secures 300 MW/1,200 MWh PPA with SECI at INR 6/kWh

PPA Agreement and Capacity Details

ACME Solar, through its subsidiary ACME Greentech Twenty Pvt Ltd, signed a power procurement agreement with SECI for 300 MW/1,200 MWh of assured peak power supply from interstate transmission system-connected renewable energy projects. This capacity was secured under SECI’s firm and dispatchable renewable energy (FDRE) IX tranche at a tariff of INR 6 per kWh.

The FDRE project requires ACME Solar to supply 4 MWh per MW of contracted capacity for any four hours daily during non-solar hours, maintaining a minimum availability of 90% on a monthly basis.

Technology and Operational Integration

To fulfill the contractual obligations, the project will integrate a combination of solar and battery energy storage system (BESS) technologies. Additionally, it will utilize the night-time connectivity already available within the company.

ACME Solar's Portfolio Status

Following this PPA signing, ACME Solar’s under-construction portfolio with signed PPAs stands at 4,310 MW, out of a total under-construction contracted capacity of 5,380 MW. The company’s diversified contracted portfolio totals 8,370 MW, spanning solar, BESS, FDRE, hybrid, and wind solutions. Its operational capacity reaches 3,123 MW.