News Orders & Deals ACME Solar Subsidiary Executes 190 MW Hybrid Power Purchase Agreement with SECI LimitedACME Solar Subsidiary Executes 190 MW Hybrid Power Purchase Agreement with SECI Limited
ACME Solar Holdings Limited's subsidiary ACME Urja One Private Limited has executed a 25-year Power Purchase Agreement with SECI Limited for a 190 MW ISTS-connected wind-solar hybrid power project with Battery Energy Storage System. The project, scheduled for commercial operation on February 27, 2028, carries a tariff of Rs. 4.72 per unit and requires minimum 50% annual Capacity Utilisation Factor with 80% daily peak power obligation. This agreement brings ACME Solar's total PPA-signed portfolio to 5,820 MW, with 1,240 MW signed in the current financial year.
*this image is generated using AI for illustrative purposes only.
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.
| Parameter: | Details |
|---|---|
| Project Capacity: | 190 MW ISTS-connected wind-solar hybrid |
| Tariff Rate: | Rs. 4.72 per unit |
| Contract Duration: | 25 years from PPA signing date |
| Scheduled COD: | February 27, 2028 |
| Technology: | Wind-solar hybrid with BESS |
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.
| Portfolio Metric: | Current Status |
|---|---|
| Total PPA-signed Portfolio: | 5,820 MW |
| Current FY PPA Signings: | 1,240 MW |
| Project Component: | Part of 380 MW capacity |
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.
Historical Stock Returns for ACME Solar Holdings
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.26% | +3.42% | +8.43% | -18.45% | +21.41% | -8.51% |
16
