ACME Solar signs PPAs for 450 MW / 1800 MWh ISTS Connected Assured Peak Power Project

ACME Solar Holdings Limited (ACME Solar) through its subsidiary, ACME Greentech Seventh Private Limited, has signed two Power Purchase Agreements (PPAs) with SJVN for a total capacity of 450 MW/1,800 MWh. The PPAs has been signed for a tenor of 25 years on 2 March 2026. The tender (Tranche-FDRE-4) was issued under Tariff-Based Competitive Bidding (TBCB) guidelines for which an e-reverse auction was held on October 9, 2025, and Letter of Award (LOA) was received on November 10, 2025.

The projects will be connected to ISTS substations and will utilize night-time connectivity available with ACME Solar at high irradiation zones in Rajasthan. Under the PPAs, ACME Solar will supply 4 hours of assured peak power supply during nonsolar hours with 90% availability on monthly and annual basis.

Following this PPA, ACME Solar has signed 1,690 MW of PPAs in current financial year taking the total PPA signed capacity to 6,270 MW.

Shares of ACME Solar Holdings Limited was last trading in BSE at Rs. 229.85 as compared to the previous close of Rs. 224.25. The total number of shares traded during the day was 40248 in over 1220 trades.

The stock hit an intraday high of Rs. 232.00 and intraday low of 222.00. The net turnover during the day was Rs. 9207514.00.

Source : Equity Bulls

Keywords

ACMESolarHoldings INE622W01025 PPA SJVN