ACME Solar signs PPA with SECI for 200 MW Solar with Battery Storage project

ACME Solar Holdings Limited ("ACME Solar") through its wholly-owned subsidiary, ACME Platinum Urja Pvt Ltd, has signed a 25-year Power Purchase Agreement (PPA) with SECI Limited for its 200 MW Solar with 100 MW/400 MWh ESS project at a tariff of INR 3.42 per unit. The PPA was signed on 24 November 2025 post adoption of tariff by Central Regulator and power procurement approval by State Regulator. SECI had awarded the Letter of Award to ACME Solar for a cumulative capacity of 350 MW in July 2024, out of which the Company had already signed a PPA for 150 MW in October 2024. The current milestones brings the project's full capacity under PPA.

Under the project, ACME Solar is required to supply power with annual Capacity Utilization Factor (CUF) of 25%-27% during solar hours, and ensure minimum availability of 70% on a monthly basis and 85% on an annual basis during the evening peak hours. The project is scheduled to be commissioned by June 2027. Project timeline will benefit from final grant of connectivity already available for this project with Acme Solar.

Following this milestone, ACME Solar has cumulatively signed PPAs of 800 MW contracted capacity which include BESS capacity of 2,320 MWh in the current financial year. This brings ACME Solar's overall PPA signed capacity to 5,380 MW.

Shares of ACME Solar Holdings Limited was last trading in BSE at Rs. 232.95 as compared to the previous close of Rs. 238.00. The total number of shares traded during the day was 31759 in over 782 trades.

The stock hit an intraday high of Rs. 241.15 and intraday low of 232.00. The net turnover during the day was Rs. 7480638.00.

Source : Equity Bulls

Keywords

ACMESolarHoldings INE622W01025 ACMEPlatinumUrja PPA SECI