ACME Solar Holdings Ltd has achieved major milestones in its renewable energy initiatives. The company has obtained ₹1,988 crore in financing from Power Finance Corporation (PFC) for a 300 MW solar-wind hybrid project. This initiative combines solar power generation in Bikaner, Rajasthan, with wind energy production in Bhuj, Gujarat. With a power purchase agreement (PPA) signed with NTPC, grid connectivity in place, and land acquired for the solar segment, the project is slated to begin operations by June 2025.
In addition, ACME Solar has been awarded a 300 MW solar project under the SECI-ISTS XVIII scheme at a tariff of ₹3.05 per unit. To implement this, the company plans to reallocate resources from its ongoing ACME Sikar project in Rajasthan, utilizing existing grid infrastructure in Bikaner-2.
The SECI project benefits from an Inter-State Transmission System (ISTS) fee waiver, available for renewable projects operational by mid-2025. Earlier this month, ACME Solar also won a 250 MW firm and dispatchable renewable energy (FDRE) project in an NHPC e-reverse auction at ₹4.56 per unit, demonstrating its expertise in managing renewable energy variability and delivering reliable power solutions.
ACME Solar Holdings Ltd. is a leading renewable energy company in India, renowned for its innovation and commitment to sustainability. The company has established itself as a significant player in the solar energy sector, with a diversified portfolio spanning solar, wind, and hybrid renewable projects. Recently, ACME Solar secured a ₹1,988 crore financing from Power Finance Corporation for a 300 MW solar-wind hybrid project, underscoring its ability to integrate cutting-edge technology with operational excellence.
The firm’s achievements include winning bids for large-scale solar projects under SECI and NHPC auctions, reflecting its competitiveness and adaptability in addressing renewable energy variability challenges. By leveraging advanced infrastructure and forging strategic partnerships, ACME Solar is steadfast in its mission to contribute to India’s transition to clean energy and meet its ambitious renewable energy targets.
