ACME Solar Holdings Limited has taken a significant step forward in its renewable energy portfolio by signing a 25-year Power Purchase Agreement (PPA) with Tata Power Company Limited. The agreement, inked on October 16, 2025, is for a 50 MW Firm and Dispatchable Renewable Energy (FDRE) project, marking a notable development in India's renewable energy sector.

Key Details of the Agreement

The project, which received its Letter of Award in September 2025, will integrate multiple renewable energy technologies, including solar and Battery Energy Storage System (BESS). This combination aims to meet the supply obligations as outlined in the PPA, showcasing ACME Solar's commitment to innovative and sustainable energy solutions.

ACME Solar's Growing Portfolio

With this latest agreement, ACME Solar has significantly expanded its renewable energy footprint. The company reports:

• Signed PPAs for a cumulative capacity of 600 MW in the current financial year
• Secured 550 MWh of standalone battery storage projects
• An operational capacity of 2,890 MW across various renewable energy solutions

Company Overview

ACME Solar Holdings Limited positions itself as a leading integrated renewable energy player. The company's diverse portfolio encompasses:

• Solar energy
• Wind energy
• Energy storage solutions
• Firm and Dispatchable Renewable Energy (FDRE)
• Hybrid solutions

ACME Solar's in-house EPC (Engineering, Procurement, and Construction) and O&M (Operations and Maintenance) divisions enable end-to-end development and maintenance of their plants. This integrated approach allows for time and cost-effective project delivery while maintaining high operating performance.

Looking Ahead

The renewable energy sector in India continues to show promising growth, with companies like ACME Solar at the forefront of innovation and expansion. As the demand for clean energy solutions rises, such long-term agreements between major players in the industry are likely to play a crucial role in shaping the country's energy landscape.

The company's next financial results, for the quarter and half-year ended September 30, 2025, are scheduled to be reviewed in a board meeting on November 3, 2025, which may provide further insights into the company's growth trajectory.

ACME Solar Holdings Limited (ASHL) has announced plans to significantly increase its ownership in its subsidiary, ACME Sigma Urja Private Limited. The company intends to raise its stake from the current 49% to 99.66% through a strategic investment of ₹1.5 crore.

Investment Details

ASHL will subscribe to 15,00,000 fully paid equity shares of ACME Sigma Urja at face value, as approved by the Operational Committee of the Board of Directors on October 10, 2025. Here are the key details of the transaction:

Strategic Implications

This move aligns with ASHL's commitment to the development and funding of renewable energy projects. As per the Shareholders Agreement dated June 17, 2024, ASHL is responsible for the overall development, commissioning, and funding of projects undertaken by ACME Sigma Urja.

Regulatory Compliance

The transaction has received necessary approvals:

1. Audit Committee approval: August 27, 2025
2. Board of Directors approval: August 27, 2025
3. Shareholders' approval: September 29, 2025 (10th Annual General Meeting)

The company has confirmed that the transaction will be conducted at arm's length, adhering to regulatory requirements for related party transactions.

About ACME Sigma Urja

ACME Sigma Urja Private Limited, incorporated on October 16, 2023, is focused on renewable energy generation. The company, which is yet to commence operations, had nil turnover in both FY 2023-24 and FY 2024-25.

Market Impact

This strategic move by ACME Solar Holdings demonstrates its commitment to expanding its renewable energy portfolio and strengthening its position in the growing clean energy sector. The increased stake in ACME Sigma Urja is expected to give ASHL greater control over project development and execution, potentially leading to improved operational efficiencies and faster project implementation.

Investors and market watchers will likely keep a close eye on how this increased ownership translates into tangible projects and revenue generation for ACME Solar Holdings in the coming quarters.