ACME Solar Holdings Ltd
21 Jul 2026 12:00 AM
ACME Solar signs PPA with SECI for 300 MW hybrid RE project,
ACME Solar Holdings, through its subsidiary ACME Renewtech Fifth Private, has signed a 25-year Power Purchase Agreement (PPA) with Solar Energy Corporation of India (SECI) for a 300 MW ISTS-connected Wind-Solar Hybrid Renewable Energy Project. The tariff is already approved and adopted by Central and State Regulator. The Hybrid RE Project will be connected to ISTS substations and will utilize company`s already secured connectivity at high-irradiation and wind zones. Under the PPA, ACME Solar will supply power at a minimum annual capacity utilization factor (CUF) of 30%. With this, out of the total contracted portfolio of 8,070 MW, the PPA-signed portfolio stands at 6,870 MW.
ACME Solar Holdings Ltd
16 Jul 2026 12:00 AM
ACME Solar raises project funding of Rs 2646 cr from REC,
ACME Solar has secured Rs 2,646.64 crore long term project funding for its ACME Greentech Seventh 450MW/1800MWh Assured Peak Power Project from REC. The company will deploy these funds for the development & construction of this project. REC will serve as the sole financer for this project for 20 years. The PPA for this project was signed with SJVN at a tariff of INR 6.74/unit for a period of 25 years. The ACME Greentech Seventh Assured Peak Power Project combines multiple renewable energy technologies including Solar and Battery Energy Storage System (BESS) to meet the supply obligations and, ensures higher predictability and dispatchability.
ACME Solar Holdings Ltd
01 Jul 2026 12:00 AM
ACME Suryodaya commissions 240.720 MWh BESS project in Rajasthan,
ACME Solar Holdings through its wholly owned subsidiary i.e. ACME Suryodaya, has commissioned 240.720 MWh capacity of Battery Energy Storage System (BESS) project located at Village: Sanwara and Mehar Nagar, Tehsil-Pokhran, Dist: Jaisalmer, Rajasthan, on 30 June 2026. The commercial operation date (COD) for the same shall be 02 July 2026. With this, ACME Suryodaya has achieved a commissioned capacity of 285 MW / 842.624 MWh.
ACME Solar Holdings Ltd
05 Jun 2026 12:00 AM
ACME Solar Holdings successfully concludes QIP issue of Rs 2,800 cr,
ACME Solar Holdings (ACME Solar) has successfully concluded its Rs 2,800 crore Qualified Institutions Placement (QIP), its first equity capital raise since listing in 2024. The transaction garnered strong participation from a well-diversified mix of existing and new marquee investors, including leading domestic mutual funds, major insurance companies and foreign institutional investors including SBI Mutual Fund (MF), Nippon MF, HDFC MF, ICICI Prudential MF, Kotak MF, SBI Life Insurance, ICICI Prudential Life Insurance, BlackRock, Amundi, Goldman Sachs, Abu Dhabi Investment Authority and Pictet, among others. The proceeds from the QIP will be used to reduce leverage and enhance the overall balance sheet strength.
ACME Solar Holdings Ltd
26 May 2026 12:00 AM
ACME Solar Holdings signs power purchase agreement with SECI,
ACME Solar Holdings (ACME Solar) through its subsidiary ACME Renewtech Sixth, has signed a 25-year Power Purchase Agreement (PPA) with Solar Energy Corporation of India (SECI), a AAA-rated Central Government enterprise, for 300 MW / 1,200 MWh ISTS-connected assured peak power capacity. This FDRE project will be connected to ISTS substations and will utilize ACME Solar`s existing night-time connectivity available at high irradiation zones. Under the PPA, , ACME Solar will supply 4 hours of assured peak power only during non-solar hours with minimum annual availability requirement of 85%.The project was awarded to ACME Solar under SECI`s FDRE Tranche-VII tender, pursuant to the Letter of Award (LOA) dated February 10, 2026. The tender was issued under Tariff-Based Competitive Bidding (TBCB) guidelines, with the e-reverse auction conducted on February 02, 2026. With this, out of the total contracted portfolio of 8,070 MW, PPA-signed portfolio stands at 6,570 MW.
Subscribe for our
newsletter
newsletter
HSL Mobile App