Acme Solar Unit Signs 300 MW Wind-Solar Hybrid PPA With SECI at Rs 3.25 Per Unit
ACME Renewtech Fifth Private Limited, a wholly owned subsidiary of Acme Solar Holdings, has signed a 300 MW Wind-Solar Hybrid PPA with SECI under Hybrid Tranche IX at Rs 3.25 per unit, with SCSD of June 30, 2028. The deal lifts the company's PPA-signed portfolio to 6,870 MW out of a total contracted portfolio of 8,070 MW, which spans solar, wind, storage, and hybrid solutions across operational and under-construction capacities.
*this image is generated using AI for illustrative purposes only.
Acme Solar Holdings subsidiary ACME Renewtech Fifth Private Limited has executed a Power Purchase Agreement (PPA) with Solar Energy Corporation of India Limited (SECI) for a 300 MW Wind-Solar Hybrid project. The agreement, signed under Hybrid Tranche IX, secures a tariff of Rs 3.25 per unit for a project tenure of 25 years from the Scheduled Commencement of Supply Date (SCSD) of June 30, 2028. This development increases the company's PPA-signed portfolio to 6,870 MW out of a total contracted portfolio of 8,070 MW.
Project Details and Terms
The Wind-Solar Hybrid project will be connected to Inter-State Transmission System (ISTS) substations, utilizing the company's existing secured connectivity in high-irradiation and wind zones. Under the terms of the PPA, ACME Solar is required to supply power at a minimum annual capacity utilization factor (CUF) of 30%. The project is classified as a domestic order and does not involve any related party transactions or interests from the promoter group.
The table below summarizes the key material disclosures regarding the agreement:
| Particular: | Details |
|---|---|
| Name of entity awarding the order: | Solar Energy Corporation of India Limited (SECI) |
| Nature of order: | Power Purchase Agreement |
| Contract capacity: | 300 MW |
| Tariff: | Rs 3.25 per unit |
| Scheduled Commencement of Supply Date: | 30.06.2028 |
| Project tenure: | 25 years from SCSD |
Strategic Portfolio Impact
With this new agreement, Acme Solar Holdings continues to expand its footprint in the renewable energy sector. The company manages a diversified portfolio of 8,070 MW, which includes solar, wind, storage, and hybrid solutions. Its operational contracted capacity stands at 2,990 MW, while the under-construction contracted capacity is 5,080 MW. The under-construction PPA-signed portfolio currently totals 3,880 MW.
The company operates with an in-house EPC and O&M division to handle end-to-end development and maintenance. This integrated approach is designed to ensure time and cost-effective project delivery while maintaining high operating performance metrics.
Historical Stock Returns for ACME Solar Holdings
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.72% | -4.65% | +4.82% | +79.59% | +28.10% | +44.85% |
How will Acme Solar finance the capital expenditure required for the 5,080 MW of under-construction capacity?
What is the company's strategy to secure land and grid connectivity for the remaining 1,200 MW of uncontracted portfolio?
Will the tariff of Rs 3.25 per unit remain competitive given the rising costs of solar modules and financing?
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