ACME Solar wins 450 MW - 1800 MWh SJVN FDRE-IV project for peak power supply
ACME Solar won a 450 MW - 1800 MWh SJVN FDRE-IV peak power project on November 10, 2025, at ₹6.75/unit for 25 years, integrating solar and BESS. It's their first project using Indian-made solar cells.
This is a major project award for ACME Solar, securing a 25-year contract at a competitive tariff and marking their first project using Indian-made solar cells. This will significantly contribute to future revenue, strategic positioning in the renewable energy sector, and showcases innovation in energy storage.
The company secured a substantial 450 MW - 1800 MWh project with a 25-year power purchase agreement, demonstrating growth and innovation in peak power supply, which is a positive development for its business outlook and revenue stability.
* ACME Solar Holdings Limited (ACME Solar) was awarded a 450 MW - 1800 MWh (18 lakh MWh) assured peak power project by SJVN FDRE-IV. * The project was awarded on November 10, 2025, at a tariff of ₹6.75 per unit for a period of 25 years. * The tender was issued under Tariff-Based Competitive Bidding (TBCB) guidelines, with an e-reverse auction held on October 9, 2025, and the Letter of Award (LoA) received on November 10, 2025. * The project requires supplying 4 MWh (4,000 kWh) per MW of capacity during any four-hour period each day within the peak demand window, with 90% monthly availability. * It integrates 300 MW Solar and Battery Energy Storage System (BESS) technology of approximately 1800 MWh (18 lakh MWh) to meet the supply requirements. * The project focuses on supporting grid stability and managing critical peak demand, utilizing night-time connectivity with ACME Solar's facilities in high irradiation zones in Rajasthan. * This marks ACME Solar's first project to use Indian-made solar cells (under ALMM List-II). * Mr. Rahul Kashyapa, Chief Commercial Officer of ACME Solar, commented that securing this project effectively utilizes available transmission capacity from night-time connectivity, enabling early revenue realization. He highlighted it as a win-win for both the customer and ACME Solar, as it achieved the lowest price in a pure peak power tender to date.
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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.