ACME Solar Holdings has secured a significant renewable energy project in Madhya Pradesh, marking another milestone in its expanding portfolio. The company received a Letter of Award from Rewa Ultra Mega Solar Limited for developing a 220 MW solar project integrated with Battery Energy Storage System technology.

Project Specifications and Commercial Terms

The awarded project forms part of a larger 440 MW tender floated by RUMSL for the Morena Solar Park in Madhya Pradesh. The tender was conducted under tariff-based competitive bidding guidelines with an e-reverse auction held in September 2025.

Technical Requirements and Infrastructure

The project incorporates specific technical requirements designed to optimize power supply during peak demand periods. The system must deliver 4 hours of peak supply daily, split between morning and evening periods, maintaining 95% annual availability.

Charging energy for evening peak supply will be sourced directly from the solar plant, while energy for morning peak supply will be provided free of cost by the procurer during night hours. RUMSL will provide land and evacuation infrastructure above 33 kV level as part of the solar park facilities.

Regulatory and Compliance Framework

The project benefits from reduced GST rates and must adhere to ALMM List-I (Approved List of Models and Manufacturers - List I) requirements. The Power Purchase Agreement will be executed with Madhya Pradesh Power Management Company Limited and RUMSL.

Company Portfolio Context

ACME Solar Holdings Limited operates as an integrated renewable energy player with a diversified portfolio spanning 8,071 MW across solar, wind, storage, FDRE and hybrid solutions. The company maintains operational contracted capacity of 2,966 MW and under construction contracted capacity of 5,105 MW, including approximately 17 GWh of BESS installation. The under construction PPA signed portfolio stands at 2,664 MW.

With in-house EPC and O&M capabilities, the company handles end-to-end development and operations of renewable energy projects, focusing on time and cost-effective delivery while maintaining industry-leading capacity utilization factors and operating margins.

ACME Solar Holdings Limited has officially received the Letter of Award (LOA) from Solar Energy Corporation of India Limited (SECI) for its 301 MW assured peak supply FDRE project. The formal LOA was issued following the e-reverse auction conducted on February 05, 2026, as disclosed under Regulation 30 of SEBI Listing Regulations.

Project Award Details

The company has secured the 301 MW FDRE project under SECI's FDRE Tranche VII, marking a significant milestone in renewable energy expansion. The project specifications and commercial terms are outlined below:

Technical Requirements and Implementation

The FDRE project comes with specific operational requirements that demonstrate the evolving nature of renewable energy supply contracts:

The project will integrate Solar and Battery Energy Storage System (BESS) technology to meet the stringent supply requirements. ACME Solar plans to leverage its existing night-time connectivity infrastructure to optimize project implementation and operations.

Portfolio Expansion Impact

Following this contract win, ACME Solar's total contracted portfolio has reached 8,071 MW, showcasing the company's diversified approach across multiple renewable energy technologies. The company maintains an operational contracted capacity of 2,962 MW alongside under construction contracted capacity of 5,109 MW, which includes approximately 17 GWh of BESS installation.

Regulatory Compliance

The LOA receipt was disclosed under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure confirms that this is a domestic contract with no related party transaction implications, and the project falls under the company's core renewable energy business operations.