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:

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:

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.

Acme Solar Holdings Limited has achieved a significant milestone in its renewable energy portfolio with the commissioning of a 4 MW wind power project in Gujarat. The company's subsidiary, Acme Eco Clean Energy Private Limited, received certification for this project, marking progress in the company's clean energy expansion initiatives.

Project Commissioning Details

Acme Eco Clean Energy Private Limited received the Certificate of Commissioning from the Gujarat Energy Development Agency (GEDA). The commissioned capacity represents a portion of the company's larger wind power development in the region.

Strategic Significance

The commissioning of this 4 MW capacity marks an important step in Acme Solar Holdings' renewable energy journey. The project is part of a much larger 100 MW wind power development at the same location, indicating the company's substantial commitment to wind energy generation in Gujarat.

Project Location and Infrastructure

The wind power project is strategically located in Village Garambhadi, Taluka Sayla, in the Surendranagar district of Gujarat. This location is part of Gujarat's renewable energy corridor, which offers favorable wind conditions for power generation. The successful commissioning of the initial 4 MW capacity sets the foundation for the remaining development of the 100 MW project.

The company's subsidiary, Acme Eco Clean Energy Private Limited, is spearheading this wind power initiative, showcasing the organization's dedicated approach to different renewable energy technologies through specialized entities.