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 Limited has achieved a significant milestone in renewable energy infrastructure by commissioning the first phase of its Battery Energy Storage System (BESS) project in Rajasthan. The company announced this development through a regulatory filing under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements.

Project Details and Specifications

The commissioned phase represents a substantial portion of the company's ambitious energy storage initiative. Through its wholly owned subsidiary ACME Suryodaya Private Limited, the company has successfully operationalized the initial capacity.

Strategic Deployment and Future Flexibility

The project will initially operate under a merchant capacity model, providing ACME Solar Holdings Limited with immediate revenue generation opportunities. However, the company has strategically retained flexibility to transition to long-term Power Purchase Agreements (PPAs) in the future, allowing for potential revenue optimization based on market conditions.

This merchant approach enables the company to capitalize on spot market opportunities while maintaining the option to secure stable, long-term contracts as the energy storage market evolves. The flexibility demonstrates the company's adaptive strategy in the dynamic renewable energy sector.

Project Significance and Scale

The BESS project represents a major investment in India's renewable energy storage infrastructure. With the first phase now operational, the project showcases the company's capability to execute large-scale energy storage solutions. The total planned capacity of 285 MW/600 MWh positions this as one of the significant battery storage projects in the region.

The Rajasthan location is strategically chosen, leveraging the state's abundant solar resources and supportive renewable energy policies. The project's phased approach allows for systematic scaling while ensuring operational efficiency and risk management.

Regulatory Compliance and Corporate Structure

The announcement was made in compliance with regulatory requirements, demonstrating the company's commitment to transparency and stakeholder communication. The project execution through ACME Suryodaya Private Limited, a wholly owned subsidiary, reflects the company's structured approach to project development and risk management.

This commissioning marks the beginning of what promises to be a transformative project for ACME Solar Holdings Limited, establishing its presence in the rapidly growing energy storage segment while contributing to India's renewable energy transition goals.