ACME Solar Holdings Ltd has secured a 250 MW renewable energy project in NHPC’s auction for 1.2 GW of firm and dispatchable renewable energy (FDRE) supply. The project was awarded at a tariff of INR 4.56 per kWh.
As per the auction terms, developers are required to establish renewable energy projects integrated with energy storage systems to ensure reliable peak power supply. These projects can be set up anywhere in India, provided they connect to the interstate transmission system.
ACME Solar announced that the project comes with a green-shoe option, potentially increasing the capacity from 250 MW to 500 MW. With this win, ACME Solar’s total renewable energy portfolio has reached 6,970 MW. The project is designed to provide four hours of peak power supply, using a mix of solar, wind, and battery technologies to ensure consistent and stable energy delivery during high-demand periods.
“This achievement brings our overall portfolio close to 7 GW, and our long-term power supply commitment with NHPC now stands at 930 MW,” said Nikhil Dhingra, CEO of ACME Solar Holdings. “This includes 680 MW of existing FDRE capacity with NHPC, which is expected to be converted to a power purchase agreement (PPA) soon. NHPC has recently signed a 1,280 MW power sale agreement (PSA) with Uttar Pradesh.”
He added, “We are eager to deepen our partnership with NHPC through this project and will utilize our existing CTU (Central Transmission Utility) connectivity in Rajasthan and Gujarat for implementation. The commercial operation date is projected for FY 2027-28, assuming the PPA is finalized in early FY 2026.”
ACME’s latest success further strengthens its position in India’s renewable energy sector and underscores its commitment to delivering innovative energy solutions that meet the country’s growing power needs. ACME Sun Power is a leading renewable energy company dedicated to advancing sustainable solutions through innovative solar technologies. With a strong focus on clean energy, the company specializes in developing, operating, and managing large-scale solar power plants that deliver reliable and eco-friendly electricity.
ACME Sun Power is at the forefront of harnessing solar energy to reduce carbon emissions and drive the global transition towards renewable energy. Known for its cutting-edge research and efficient project execution, the company has established a significant presence across various geographies, contributing to energy independence and environmental sustainability. By integrating advanced technology with sustainable practices, ACME Sun Power is empowering communities and industries to embrace a greener future.
