ACME Solar Holdings Limited (ACME Solar), through its subsidiary, ACME Greentech Seventh Private Limited, has signed two Power Purchase Agreements (PPAs) with SJVN for a total capacity of 450 MW/1,800 MWh.
The PPAs have been signed for a tenor of 25 years on 2 March 2026. The tender (Tranche-FDRE-4) was issued under Tariff-Based Competitive Bidding (TBCB) guidelines, for which an e-reverse auction was held on October 9, 2025, and a Letter of Award (LOA) was received on November 10, 2025.
The projects will be connected to ISTS substations and will utilize night-time connectivity available with ACME Solar at high irradiation zones in Rajasthan. Under the PPAs, ACME Solar will supply 4 hours of assured peak power supply during non-solar hours with 90% availability on a monthly and annual basis.
Following this PPA, ACME Solar has signed 1,690 MW of PPAs in the current financial year, taking the total PPA signed capacity to 6,270 MW.
ACME Solar Holdings Limited is a leading integrated renewable energy player with a diversified portfolio of 8,071 MW spanning solar, wind, storage, FDRE, and hybrid solutions and an operational contracted capacity of 2,966 MW and under-construction contracted capacity of 5,105 MW, including ~17 GWh of BESS installation.
The under-construction PPA signed portfolio stands at 3,304 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.
