ACME Solar Rises on 25-Year PPA with SECI for 200 MW Solar-Storage Project
ACME Solar's subsidiary signed a 25-year PPA with SECI for a 200 MW solar project with 400 MWh ESS at Rs 3.42/unit, completing the 350 MW LoA tie-up.
New Delhi: ACME Solar Holdings saw its shares rise by 1.33% to close at Rs 236.05 after announcing a major Power Purchase Agreement (PPA) signed by its subsidiary, ACME Platinum Urja.
The subsidiary has signed a crucial 25-year PPA with the Solar Energy Corporation of India (SECI), finalized on November 24, 2025. This agreement is for a large-scale project with a 200 MW solar capacity and a 100 MW/400 MWh Energy Storage System (ESS).
Project Details and Financials
The PPA has been set at a tariff of Rs 3.42 per unit. This finalization comes after the necessary tariff adoption by the Central Regulator and power procurement approval from the State Regulator.
This 200 MW agreement, along with an earlier PPA for 150 MW signed in October 2024, fully secures the 350 MW capacity for which SECI issued a Letter of Award (LoA) to ACME Solar in July 2024.
Timeline and Requirements: The project aims for commissioning by June 2027, supported by the recent final connectivity grant. Under the contract terms, ACME Solar must maintain an annual Capacity Utilization Factor (CUF) of 25% to 27% during solar operating hours. Importantly, it must also ensure at least 70% availability monthly and 85% annually during the evening peak hours, utilizing the integrated storage system.
Portfolio Growth and Financial Performance
This milestone greatly strengthens ACME Solar’s portfolio:
Total Contracted Capacity: With this agreement, ACME Solar has signed PPAs totaling 800 MW of contracted capacity, which includes 2,320 MWh of battery energy storage, in the current financial year.
Cumulative Capacity: The company's cumulative PPA-backed capacity now stands at 5,380 MW.
ACME Solar is a renewable energy company that runs a diverse portfolio that includes solar, wind, storage, hybrid, and Firm and Dispatchable Renewable Energy (FDRE) projects.
The company's strong operational performance is evident in its latest financials: the consolidated net profit in Q2 FY26 increased by 652.51% year-over-year to Rs 115.06 crore, while revenue from operations in Q1 September 2025 rose 80.18% year-over-year to Rs 467.74 crore.