ACME Solar signs PPA for SECI's 190 MW ISTS-Connected Hybrid Tranche-VI project

ACME Solar Holdings (ACME Solar) through its subsidiary, ACME Urja One Private Limited, has signed a 25-year Power Purchase Agreement (PPA) with SECI, a AAA-rated Central Government enterprise, on February 18, 2026 for its 190 MW wind - solar hybrid project with assured peak power. The project forms part of 380 MW capacity, of which PPA for the first 190 MW has already been signed.

The PPA requires supplying power with minimum annual Capacity Utilisation Factor (CUF) of 50% and an obligation to meet 80% of peak power requirement on daily basis. Connectivity for all the components of this project - solar, wind and BESS have been secured. The tari: of the PPA has been adopted by Hon'ble Central Electricity Regulatory Commission ("CERC") and power procurement plan has been approved by appropriate State Electiricity Regulatory Commission.. This Project has already been financed by Power Finance Corporation Ltd (PFC) as part of the existing sanctioned project under Phase II. The completion timelines of connectivity and transmission system are within the COD timeline as per the PPA.

Following this PPA, ACME Solar's total PPA-signed portfolio now stands at 5,820 MW, with 1,240 MW of PPAs signed in current financial year.

Shares of ACME Solar Holdings Limited was last trading in BSE at Rs. 230.90 as compared to the previous close of Rs. 235.05. The total number of shares traded during the day was 23401 in over 667 trades.

The stock hit an intraday high of Rs. 235.20 and intraday low of 230.10. The net turnover during the day was Rs. 5430532.00.

Source : Equity Bulls

Keywords

ACMESolarHoldings INE622W01025 ACMEUrjaOne 25YearPPA