ACME Solar Holdings Secures Landmark 301 MW FDRE Project from SECI
New Delhi: In a major development for India's renewable energy sector, ACME Solar Holdings Limited (BSE: 544283, NSE: ACMESOLAR) has been awarded a Letter of Award (LOA) by the Solar Energy Corporation of India Limited (SECI). The award is for setting up a substantial 301 MW Firm and Dispatchable Renewable Energy (FDRE) project.
This award falls under SECI's FDRE Tranche VII initiative and mandates ACME to develop a project capable of providing assured peak power supply. The company stated this was a follow-up to its initial intimation dated February 6, 2026.
Key Project Details & Terms:
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Capacity: 301 MW (Firm and Dispatchable Renewable Energy - FDRE)
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Tariff: Fixed at ₹6.28 per unit (kWh)
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Timeline: The project's Scheduled Commercial Operation Date (SCOD) is set for 24 months from the date of signing the Power Purchase Agreement (PPA).
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Project Tenure: The PPA will span 25 years from its signing date.
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Awarding Authority: Solar Energy Corporation of India Ltd. (SECI)
Strategic Significance:
This award represents one of the larger FDRE projects awarded under recent SECI tranches. The FDRE framework is designed to address the intermittency of traditional renewable sources by combining technologies (like solar with storage or hybrid systems) to ensure reliable, schedulable power supply to the grid. Securing this project underscores ACME Solar's standing as a leading developer capable of executing complex, grid-stabilizing renewable energy solutions.
The company confirmed that the order is a domestic award, does not involve any related party transactions, and that no promoter or group companies have any interest in the entity (ACME Solar) to which the contract is awarded.
The information was disclosed voluntarily by the company in compliance with SEBI Listing Regulations.