ACME Solar Holdings Limited has announced a major development in its renewable energy portfolio through the execution of Power Purchase Agreements totaling 450 MW capacity. The company's wholly owned subsidiary, ACME Greentech Seventh Private Limited, has signed two separate PPAs with SJVN Limited under a Firm and Dispatchable Renewable Energy (FDRE) Power Project.

Agreement Details

The power purchase agreements encompass significant capacity and favorable commercial terms for the renewable energy project:

Project Structure and Timeline

The agreements are structured as two separate contracts for 300 MW and 150 MW capacities respectively, both falling under the FDRE category. The Scheduled Commencement of Supply Date (SCSD) is set for March 1, 2028, providing the company with adequate time for project development and commissioning.

Regulatory Compliance

ACME Solar Holdings has disclosed this information in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has confirmed that:

• The agreements are with a domestic entity
• No promoter or group company interest exists in the awarding entity
• The contracts do not constitute related party transactions
• This disclosure is made voluntarily by the company

Strategic Significance

The execution of these PPAs represents a substantial addition to ACME Solar Holdings' project pipeline, with the 450 MW combined capacity strengthening the company's position in India's renewable energy sector. The 25-year tenure provides long-term revenue visibility, while the FDRE classification indicates the project's capability to provide reliable, dispatchable renewable power.

The agreements follow the company's earlier intimation dated November 11, 2025, demonstrating the progression from initial announcement to formal contract execution. With the scheduled commencement date of March 2028, the company has established a clear timeline for project development and commercial operations.

ACME Solar Holdings announced the execution of a significant Power Purchase Agreement through its subsidiary, marking another milestone in the company's renewable energy expansion. The agreement was disclosed under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements on February 19, 2026.

Project Details and Specifications

ACME Urja One Private Limited, a wholly owned subsidiary of ACME Solar Holdings Limited, has executed a Power Purchase Agreement with SECI Limited for a 190 MW ISTS-connected wind-solar hybrid power project. The project incorporates Battery Energy Storage System technology to ensure assured peak power supply capabilities.

Technical Requirements and Performance Metrics

The Power Purchase Agreement establishes specific performance parameters that ACME Urja One Private Limited must meet throughout the project tenure. The agreement requires supplying power with a minimum annual Capacity Utilisation Factor of 50% and mandates meeting 80% of peak power requirement on a daily basis during peak hours.

The project benefits from secured connectivity for all components including solar, wind, and Battery Energy Storage System. The tariff structure has received adoption by the Central Electricity Regulatory Commission, while the power procurement plan has obtained approval from the appropriate State Electricity Regulatory Commission.

Financial and Portfolio Impact

The 190 MW project represents the first phase of a larger 380 MW capacity development initiative. Power Finance Corporation Ltd has already provided financing for this project as part of the existing sanctioned project under Phase II, ensuring adequate financial backing for timely completion.

Regulatory Compliance and Documentation

The announcement was made pursuant to Regulation 30 of the Securities and Exchange Board of India Listing Obligations and Disclosure Requirements Regulations, 2015. The disclosure includes comprehensive details as required under SEBI Master Circular bearing reference number HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

The agreement represents a domestic contract with no related party transaction implications. SECI Limited, described as a AAA-rated Central Government enterprise, serves as the counterparty for this long-term power purchase arrangement. The completion timelines for connectivity and transmission system infrastructure align with the Commercial Operation Date requirements specified in the Power Purchase Agreement.