ACME Solar signs 450 MW FDRE PPA with SJVN, commissions second phase of 285 MW/600 MWh BESS project in Jaisalmer

ACME Solar has announced that its arm ACME Greentech Seventh has signed two power purchase agreements (PPAs) with SJVN Ltd for 300 MW and 150 MW, totaling 450 MW, under a firm and dispatchable renewable energy (FDRE) project.

The company secured the capacity in SJVN’s FDRE-IV tender with a winning tariff of INR 6.75/kWh for a 25-year term. The project will provide an assured peak supply of 1,800 MWh (450 MW × 4 hours) from renewable energy projects connected to the interstate transmission system.

Separately, ACME Solar Holdings, through its subsidiary ACME Suryodaya, has commissioned the second phase of its 285 MW/600 MWh battery energy storage system (BESS) project in Jaisalmer district, Rajasthan. The newly commissioned capacity of 38 MW/82 MWh follows the first phase of 19 MW/38 MWh commissioned in February.