ACME Solar Holdings Limited, through its subsidiary, ACME Renewtech Sixth Private Limited, has signed a 25-year power purchase agreement (PPA) with Solar Energy Corporation of India Limited (SECI) for a 300 MW/1,200 MWh firm and dispatchable renewable energy (FDRE) project under FDRE Tranche VII.
The project will supply four hours of assured peak power during non-solar hours with 85 per cent minimum annual availability. It will be connected to inter-state transmission system substations and use existing night-time connectivity in high irradiation zones. The project has a scheduled commencement date of May 28, 2028. The tariff is at Rs 6.28 per unit. With this, ACME Solar’s PPA-signed portfolio has increased to 6,570 MW out of a total contracted portfolio of 8,070 MW.