ACME Solar Holdings has secured a 25-year power purchase agreement (PPA) with SECI Ltd for its 200 MW solar with 100 MW/400 MWh energy storage system project at a tariff of INR 3.42 per kWh. The PPA was signed through its wholly-owned subsidiary, ACME Platinum Urja, post adoption of tariff by the central regulator and power procurement approval by the state regulator.
SECI had awarded a cumulative capacity of 350 MW to ACME Solar in July 2024, of which the PPA for 150 MW had already been signed 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 for this project already secured by 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.
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