ACME Solar subsidiary signs 300 MW Wind-Solar Hybrid PPA with SECI
ACME Solar's subsidiary signed a 300 MW Wind-Solar Hybrid PPA with SECI. The project has a 25-year tenure, commencing supply by June 30, 2028, at a tariff of ₹3.25 per unit. This brings ACME Solar's total contracted portfolio to 8,070 MW.
The PPA for a 300 MW project represents a substantial addition to the company's order book and future revenue streams, significantly impacting its market position and financial outlook.
The execution of a significant Power Purchase Agreement (PPA) for a 300 MW project is a positive development for the company, indicating business growth and expansion in the renewable energy sector.
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) for a 300 MW Wind-Solar Hybrid project under Hybrid Tranche IX. The project is scheduled to commence supply by June 30, 2028, and will have a tenure of 25 years from the commencement date. The tariff for the power generated is fixed at ₹3.25 per unit. This ISTS-connected project will leverage ACME Solar's existing high-irradiance and wind zones, as well as its established connectivity. The company will supply power at a minimum annual capacity utilization factor of 30% and adhere to a project construction contract capacity of 5,080 MW. The total contracted renewable energy portfolio of ACME Solar, including this PPA, will reach 8,070 MW, with 6,870 MW of this portfolio being PPA-signed.
ACME Solar Holdings Limited is a leading integrated renewable energy solutions provider with a diversified portfolio encompassing solar, wind, and hybrid power projects. The company offers end-to-end solutions from concept to commissioning and operation, with a focus on sustainable energy development.
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