Date : 21-June-2025
ACME Solar Holdings has secured a 25-year power purchase agreement with NHPC to supply 250 MW of renewable energy from a project in Rajasthan at Rs 4.56 per kWh. This Firm and Dispatchable Renewable Energy project, combining solar, wind, and battery storage, aims to meet peak power demands and bolster India's clean energy goals.
This PPA marks a significant step in strengthening ACME Solar's footprint in the FDRE space while supporting India's clean energy ambitions through an innovative mix of solar, wind, and battery storage technology.
The project will be connected to an Inter-State Transmission System (ISTS) substation, with connectivity already secured. The Central Electricity Regulatory Commission (CERC) granted approval for tariff adoption under Section 63 of the Electricity Act, 2003 on June 19, 2025, in Petition No. 87/AT/2025 filed by NHPC.
ACME Solar Holdings Ltd saw its shares rise by 2.23 per cent to reach a day high of Rs 251.80 during Friday's trading session. This uptick followed the company's announcement of a new Power Purchase Agreement (PPA) with NHPC Ltd.
ACME Solar's portfolio, following this agreement, has now reached 5,130 MW of PPA-signed projects, out of which 2,826.2 MW is already operational.
Furthermore, the firm's operations are heavily tied to central government enterprises, comprising 86 per cent of its portfolio, with the remaining 14 per cent linked to state discoms.
ACME Solar holds a diversified portfolio amounting to 6,970 MW, spanning across solar, wind, FDRE, and hybrid energy solutions. This diversity positions the company advantageously within the renewable energy market as it continues to innovate and expand its capacity.
References :
ACME Solar signs 25-year PPA with NHPC for its 250 MW FDRE Project in Rajasthan
ACME Solar shares rise after 250 MW PPA deal with NHPC - BusinessToday
ACME Solar signs 25-year PPA with NHPC for its 250 MW FDRE Project in Rajasthan
ACME Solar inks pact to supply 250 MW electricity from RE project in Rajasthan - The Economic Times
ACME Solar secures PPA with NHPC for 250 MW FDRE project in Rajasthan – pv magazine India