Key Transaction Details

  • ACME Renewtech Fifth Private Limited, a wholly owned subsidiary of ACME Solar Holdings Limited, has executed a Power Purchase Agreement (PPA) with Solar Energy Corporation of India Limited (SECI)
  • Project type: Wind-Solar Hybrid project under Hybrid Tranche IX
  • Contract capacity: 300 MW
  • Tariff: Fixed at ₹3.25 per unit
  • Project tenure: 25 years from Scheduled Commencement of Supply Date
  • Scheduled Commencement of Supply Date (SCSD): June 30, 2028

Portfolio Impact

  • Increases ACME Solar's PPA-signed portfolio to 6,870 MW
  • Total contracted portfolio remains at 8,070 MW
  • Minimum annual capacity utilization factor (CUF) requirement: 30%

Project Characteristics

  • ISTS-connected (Inter-State Transmission System)
  • Utilizes company's already secured connectivity at high-irradiation and wind zones
  • Tariff approved and adopted by Central and State Regulator

Corporate Structure

  • Executing entity: ACME Renewtech Fifth Private Limited (wholly owned subsidiary)
  • No promoter/promoter group/group company interest in SECI
  • Not a related party transaction
  • Transaction at arm's length

Company Background

ACME Solar Holdings Limited is an integrated renewable energy player with:

  • Diversified portfolio of 8,070 MW spanning solar, wind, storage, FDRE and hybrid solutions
  • Operational contracted capacity: 2,990 MW
  • Battery Energy Storage System (BESS) capacity: ~3.62 GWh
  • Under construction contracted capacity: 5,080 MW
  • Under construction PPA signed portfolio: 3,880 MW
  • In-house EPC and O&M division