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.

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.