ACME Solar Signs 450 MW PPAs with SJVN for Assured Peak Power Project
ACME Solar Holdings Limited executed Power Purchase Agreements with SJVN for a 450 MW/1800 MWh ISTS connected assured peak power project through its subsidiary ACME Greentech Seventh Private Limited. The 25-year PPAs, signed on March 2, 2026, will supply 4 hours of assured peak power during non-solar hours with 90% availability guarantee, utilizing night-time connectivity in Rajasthan's high irradiation zones. This agreement increases the company's total PPA signed capacity to 6,270 MW, with 1,690 MW signed in the current financial year.
*this image is generated using AI for illustrative purposes only.
ACME Solar Holdings Limited has announced the signing of two Power Purchase Agreements (PPAs) with SJVN for a 450 MW / 1800 MWh ISTS connected assured peak power project. The agreements were executed through the company's subsidiary, ACME Greentech Seventh Private Limited, marking a significant milestone in India's renewable energy infrastructure development.
Project Agreement Details
The PPAs were signed on March 2, 2026, following a competitive bidding process. The project specifications and timeline demonstrate the strategic importance of this renewable energy initiative:
| Parameter: | Details |
|---|---|
| Total Capacity: | 450 MW / 1800 MWh |
| PPA Duration: | 25 years |
| Partner: | SJVN |
| Connectivity: | ISTS Connected |
| Project Type: | Assured Peak Power |
| Signing Date: | March 2, 2026 |
Competitive Bidding Process
The project was awarded through a Tariff-Based Competitive Bidding (TBCB) process under the Tranche-FDRE-4 tender. The e-reverse auction was conducted on October 9, 2025, with the Letter of Award (LOA) received on November 10, 2025. This transparent bidding process ensures competitive pricing and project viability.
Technical Implementation Strategy
The projects will leverage ACME Solar's existing infrastructure advantages in Rajasthan's high irradiation zones. Key technical aspects include:
| Technical Feature: | Specification |
|---|---|
| Connection Point: | ISTS substations |
| Location: | High irradiation zones in Rajasthan |
| Peak Power Supply: | 4 hours during non-solar hours |
| Availability Guarantee: | 90% monthly and annual basis |
| Connectivity: | Night-time connectivity utilization |
Portfolio Expansion Impact
This agreement significantly strengthens ACME Solar's market position, with the company achieving remarkable growth in PPA signings during the current financial year. The latest agreement brings the total PPAs signed in the current financial year to 1,690 MW, elevating the company's total PPA signed capacity to 6,270 MW.
Company Portfolio Overview
ACME Solar Holdings Limited operates as a leading integrated renewable energy player with a comprehensive portfolio spanning multiple technologies. The company's diversified approach includes solar, wind, storage, FDRE and hybrid solutions, with a total portfolio of 8,071 MW. The operational framework includes 2,966 MW of operational contracted capacity and 5,105 MW under construction, featuring approximately 17 GWh of BESS installation. With an in-house EPC and O&M division, the company ensures end-to-end project development and maintenance capabilities.
Historical Stock Returns for ACME Solar Holdings
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.05% | +11.28% | +12.01% | -4.57% | +37.80% | +4.42% |
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