ACME Solar subsidiary signs 190 MW Hybrid Power PPA with SECI
ACME Solar's subsidiary, ACME Urja One, signed a 25-year PPA with SECI for a 190 MW hybrid power project. The project includes a Battery Energy Storage System and is set to commence operations by February 27, 2028, with a tariff of ₹4.72 per unit. This adds to ACME Solar's total PPA portfolio of 5,820 MW.
The new order is for a substantial capacity and has a long tenure, which will contribute to the company's future revenue. However, the commercial impact is medium as it is a subsidiary level order and the full financial details are not provided.
The execution of a new Power Purchase Agreement (PPA) for a significant capacity (190 MW) is a positive development for the company, indicating business expansion and new revenue streams.
ACME Urja One Private Limited, a wholly-owned subsidiary of ACME Solar Holdings Limited, has executed a Power Purchase Agreement (PPA) with SECI Limited to establish a 190 MW Hybrid Power Project. This project will ensure assured peak power supply during peak hours.
The PPA, signed with SECI Limited, is for a 190 MW ISTS connected wind solar hybrid Power project with Battery Energy Storage System. The project has a scheduled commercial operation date (SCOD) of February 27, 2028, and a tenure of 25 years from the date of signing the PPA. The tariff for the power supplied will be ₹4.72 per unit.
This development signifies ACME Solar's expanding portfolio, with a total PPA-signed capacity now standing at 5,820 MW. The company has 1,240 MW of PPAs signed in the current financial year. The project involves a mix of solar, wind, and Battery Energy Storage System (BESS) components, ensuring reliability and efficiency.
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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.