ACME Solar subsidiary signs 450 MW PPA with SJVN Limited
ACME Solar Holdings Limited's subsidiary executed two PPAs with SJVN Limited for a total capacity of 450 MW. The project includes 300 MW and 150 MW capacities under an FDRE Power Project. The scheduled commencement of supply is March 01, 2028, with a 25-year tenure and a tariff of ₹6.74 per unit.
The addition of 450 MW capacity through PPAs with a reputable entity like SJVN Limited is a material development that is expected to significantly impact the company's revenue and market position in the renewable energy sector.
The execution of significant Power Purchase Agreements (PPAs) for a substantial capacity of 450 MW indicates a positive business development and expansion for the company.
ACME Solar Holdings Limited announced that its wholly owned subsidiary, ACME Greentech Seventh Private Limited, has executed two Power Purchase Agreements (PPAs) with SJVN Limited. These agreements are for contract capacities of 300 MW and 150 MW, aggregating to a total capacity of 450 MW under a Firm and Dispatchable Renewable Energy (FDRE) Power Project. The PPAs were executed on March 02, 2026.
The project has a scheduled commencement of supply date (SCSD) of March 01, 2028, and a project tenure of 25 years from the SCSD. The size of the project is 300 MW and 150 MW for the FDRE power project, with a tariff of ₹6.74 per unit.
This development follows up on a previous intimation dated November 11, 2025. The company has confirmed that SJVN Limited is a domestic entity and that the orders do not fall within related party transactions, being conducted at arm's length.
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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 high impact, which is the band that most often changes something.
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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.