Last Updated on November 11, 2025 by Author
ACME Solar Holdings Limited (ACME Solar) has been awarded a 450 MW – 1800 MWh assured peak power SJVN FDRE-IV project on November 10, 2025, at a tariff of INR 6.75/unit for 25 years.
The tender was issued under Tariff-Based Competitive Bidding (TBCB) guidelines, for which an e-reverse auction was held on October 9, 2025, anda LoA was received on November 10, 2025.
The project requires supplying power of only 4 MWh per MW of capacity during any four-hour period each day within the peak demand window, with 90% availability on a monthly basis. The project would integrate Solar of 300 MW and Battery Energy Storage System (BESS) technology of approximately 1800 MWh to meet the supply requirements.
Notably, the project is among the few that focus specifically on peak power supply, with the objective of supporting grid stability and managing critical peak demand. This project will utilize night-time connectivity available with ACME Solar at high irradiation zones in Rajasthan. This will be ACME Solar’s first project to use Indian made solar cells (under ALMM List-II).
Commenting on the SJVN FDRE-IV LOA received, ACME Solar’s Chief Commercial Officer, Mr Rahula Kashyapa, said, “Securing the SJVN FDRE-IV project with peak power effectively utilizes the available transmission capacity from night time connectivity, thus enabling us realize early revenue. This is win-win for both the customer and ACME Solar, as it’s the lowest price in pure peak power tender achieved so far.
