SJVN Signs PPAs with ACME Solar for 450 MW Assured Peak Power Project
New Delhi: SJVN Limited has signed power purchase agreements (PPAs) with ACME Solar Holdings Limited for a 450 MW / 1,800 MWh ISTS-connected assured peak power project, strengthening renewable energy capacity under India’s competitive bidding framework.
The agreements were executed through ACME Solar’s subsidiary, ACME Greentech Seventh Private Limited, for a tenor of 25 years, with the PPAs formally signed on March 2, 2026, according to a company press release issued on March 12.
Tender and Project Details
The project was awarded under the Tranche-FDRE-4 tender issued through Tariff-Based Competitive Bidding (TBCB) guidelines. An e-reverse auction for the tender was conducted on October 9, 2025, followed by the issuance of a Letter of Award (LOA) on November 10, 2025.
The project will be connected to the Inter-State Transmission System (ISTS) network and will utilize night-time connectivity available with ACME Solar at high solar irradiation zones in Rajasthan.
Under the agreements, ACME Solar will supply four hours of assured peak power during non-solar hours, maintaining 90% availability on both monthly and annual bases.
Capacity Additions in Current Financial Year
With the signing of these PPAs, ACME Solar Holdings Limited has secured 1,690 MW of power purchase agreements in the current financial year, taking its total PPA-signed capacity to 6,270 MW.
Expanding Renewable Portfolio
ACME Solar is a leading integrated renewable energy company with a diversified portfolio spanning solar, wind, hybrid, flexible dispatchable renewable energy (FDRE), and energy storage projects. The company currently has a total portfolio of 8,071 MW, including 2,966 MW of operational contracted capacity and 5,105 MW under construction, along with approximately 17 GWh of battery energy storage system (BESS) installations under development.
With in-house engineering, procurement and construction (EPC) and operations and maintenance (O&M) capabilities, the company develops and manages renewable energy projects end-to-end, enabling efficient project delivery and strong operating performance.