ACME Solar Holdings Limited (ACME Solar), through its subsidiary ACME Renewtech Fifth Private Limited, has signed a 25-year Power Purchase Agreement (PPA) with Solar Energy Corporation of India Limited (SECI) for a 300 MW ISTS-connected Wind-Solar Hybrid Renewable Energy Project. The tariff is already approved and adopted by the Central and State Regulators.
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 Limited is a leading integrated renewable energy player with a diversified portfolio of 8,070 MW spanning solar, wind, storage, FDRE and hybrid solutions and an operational contracted capacity of 2,990 MW and ~3.62 GWh of BESS capacity and under-construction contracted capacity of 5,080 MW. The under-construction PPA-signed portfolio stands at 3,880 MW. With an in-house EPC and O&M division, the company does end-to-end development and O&M of the plants, thereby delivering projects in a time & cost-effective manner while ensuring best in class operating performance evident in its industry leading CUF and operating margins.
