ACME Solar signs 300 MW PPA with SECI for FDRE Tranche VII Project
ACME Solar Holdings' subsidiary has signed a 25-year Power Purchase Agreement (PPA) with SECI for a 300 MW Assured Peak Power Project. The project has a tariff of ₹6.28 per unit and a Scheduled Commencement of Supply Date of May 28, 2028.
The PPA is for a substantial capacity of 300 MW, indicating a significant business development. The long tenure of 25 years suggests a stable revenue stream. The impact is assessed as medium as it's a subsidiary level announcement, but it contributes to the overall growth of the parent company.
The company has secured a significant new order/contract, which is generally positive for business growth and revenue.
ACME Solar Holdings Limited announced that its wholly owned subsidiary, ACME Renewtech Sixth Private Limited, has executed a Power Purchase Agreement (PPA) with Solar Energy Corporation of India Limited (SECI). The agreement is for a contract capacity of 300 MW under the Firm and Dispatchable Renewable Energy (FDRE) Tranche VII – Assured Peak Power Project.
The PPA has a project tenure of 25 years from the Scheduled Commencement of Supply Date (SCSD), which is May 28, 2028. The size of the project is 300 MW, with a tariff of ₹6.28 per unit. The executed PPA is for 300 MW, a slight optimization from the 301 MW capacity mentioned in the Letter of Award (LOA), as mutually agreed by the parties.
This project will be connected to the ISTS (Integrated System Transmission Service) and will utilize ACME Solar's existing night-time connectivity. The company will supply four hours of assured peak power daily during non-solar hours, meeting a minimum availability requirement of 85%. This agreement follows a previous intimation dated February 10, 2026, regarding the awarding of the contract.
What to do with a filing like this
Acme Solar Holdings Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Acme Solar Holdings Limited. Read the original for the full detail.