ACME Solar Signs PPA for 300 MW Peak Power Project with SECI

ACME Solar Holdings Limited has secured a major long-term power supply contract, signing a Power Purchase Agreement (PPA) with Solar Energy Corporation of India Limited (SECI) for 300 MW under the Firm and Dispatchable Renewable Energy (FDRE) Tranche VII – Assured Peak Power Project.

The agreement was executed through ACME Renewtech Sixth Private Limited, a wholly-owned subsidiary of the Gurugram-based renewables company. In a regulatory filing to the stock exchanges on Tuesday, the company disclosed that the project carries a tariff of "Rs 6.28 per unit" and a contracted capacity of 300 MW.

The project was awarded under SECI's FDRE Tranche-VII tender, pursuant to the Letter of Award (LoA) dated February 10. The tender was conducted under Tariff-Based Competitive Bidding guidelines, with the e-reverse auction held on February 2.