ACME Solar Wins 300 MW Capacity in SECI's Peak Power Tender
ACME Solar Holdings Limited secured 300 MW capacity in SECI's peak power tender at ₹6.00/kWh. The project will add 1.2 GWh to ACME's battery energy storage portfolio, increasing its PPA-signed BESS pipeline to 15 GWh.
Securing new orders and expanding the energy storage portfolio are positive developments that can impact future revenue and market position.
The company has secured a significant capacity in a competitive tender, which is expected to expand its energy storage portfolio.
ACME Solar Holdings Limited (ACME) has been declared a successful bidder in SECI's e-reverse auction for assured peak supply of 6000 MWh (1500 MW x 4 Hrs.) from ISTS-Connected RE Projects in India, under Tariff-Based Competitive Bidding (SECI-FDRE-IX).
The company secured 300 MW of contracted capacity at a discovered tariff of ₹6.00/kWh. This will involve a supply of 1,200 MWh (300 MW x 4 hours) during a four-hour duration.
ACME has already obtained the necessary connectivity grant and has acquired a significant portion of the land required for the project. This project readiness is anticipated to considerably reduce the execution timeline and enable timely commissioning.
Upon the execution of the Power Purchase Agreement (PPA), the project will contribute 1.2 GWh to ACME's battery energy storage portfolio, expanding the company's PPA-signed BESS pipeline to approximately 15 GWh.
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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.