SECI signs Agreement with ACME Solar for 300 MW Sikar Solar Project in Rajasthan
Solar Energy Corporation of India signed a 25-year Power Purchase Agreement with ACME Sikar Solar Private Limited, a wholly owned subsidiary of ACME Solar Holdings Limited.
New Delhi, June 25, 2025: Solar Energy Corporation of India (SECI), a public sector undertaking has signed a 25-year Power Purchase Agreement with ACME Sikar Solar Private Limited, a wholly owned subsidiary of ACME Solar Holdings Limited for 300 MW capacity in Rajasthan at a fixed tariff of ?3.05 per kWh.
This achievement follows the commissioning of 300 MW capacity by ACME Sikar on June 23, 2025. The said bid was won earlier under SECI ISTS XVIII Tranche, and the tariff was formally adopted by the Central Electricity Regulatory Commission (CERC) on 30th May 2025, according to press release.
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As per the agreement, the project requires to supply power on or before June 30, 2025. The project also qualifies for Inter-State Transmission System (ISTS) charges waiver, as the Scheduled Commercial Operations Date (SCOD) falls before June 2025 deadline, aligning with the government incentives aimed at early operationalization of renewable energy projects.
With this milestone, ACME Solar’s PPA-signed portfolio stands at 5,130 MW of which 2,890 MW is already operational, and balance is under various stages of implementation.
Additionally, the company has a firm pipeline of 1,840 MW for which Letter of Award (LOA) has been received. ACME Solar’s overall portfolio comprises 86% offtake with central government enterprises and the rest 14% with State discoms.
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