ACME Solar Holdings (via its subsidiary, ACME Urja One) has officially signed a long-term Power Purchase Agreement (PPA) with the Solar Energy Corporation of India (SECI). This 25-year deal marks a significant step forward for the company’s renewable energy portfolio.
The Project Details
This isn’t just a standard solar farm; it’s a sophisticated 190 MW wind-solar hybrid project connected to the Inter-State Transmission System (ISTS). To solve the “peak demand” problem common with renewables, ACME is integrating a Battery Energy Storage System (BESS).
Because SECI needs reliable power, the contract comes with strict performance rules:
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Minimum Capacity: ACME must maintain an annual Capacity Utilisation Factor (CUF) of at least 50%.
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Peak Delivery: They are required to meet 80% of the daily peak power demand.
Financials & Timing
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Pricing: The electricity is locked in at a fixed rate of Rs. 4.72 per unit, a tariff already approved by the Central Electricity Regulatory Commission (CERC).
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Security: Dealing with SECI—a AAA-rated government enterprise—provides a high level of financial stability for the project.
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Funding: Power Finance Corporation Ltd (PFC) has already stepped in to provide the necessary financing.
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Deadline: The project is expected to be fully operational by February 27, 2028.
Why This Matters
For ACME Solar, this agreement is a massive win. It pushes their total PPA-signed portfolio to 5,820 MW, with over 1,200 MW of that signed just this past year. It’s a clear signal of their growth in the competitive hybrid-plus-storage market.