ACME Solar signs PPA for 300 MW / 1200 MWh ISTS Connected Assured Peak Power Project

ACME Solar Holdings Limited (ACME Solar) through its subsidiary ACME Renewtech Sixth Private Limited, has signed a 25-year Power Purchase Agreement (PPA) with Solar Energy Corporation of India Limited (SECI), a AAA-rated Central Government enterprise, for 300 MW / 1,200 MWh ISTS-connected assured peak power capacity.

This FDRE project will be connected to ISTS substations and will utilize ACME Solar's existing night-time connectivity available at high irradiation zones. Under the PPA, ACME Solar will supply 4 hours of assured peak power only during non-solar hours with minimum annual availability requirement of 85%.

The project was awarded to ACME Solar under SECI's FDRE Tranche-VII tender, pursuant to the Letter of Award (LOA) dated February 10, 2026. The tender was issued under Tariff-Based Competitive Bidding (TBCB) guidelines, with the e-reverse auction conducted on February 02, 2026.

With this, out of the total contracted portfolio of 8,070 MW, PPA-signed portfolio stands at 6,570 MW.

Shares of ACME Solar Holdings Limited was last trading in BSE at Rs. 301.00 as compared to the previous close of Rs. 289.60. The total number of shares traded during the day was 194042 in over 5827 trades.

The stock hit an intraday high of Rs. 303.35 and intraday low of 287.00. The net turnover during the day was Rs. 57807970.00.

Source : Equity Bulls

Keywords

ACMESolarHoldings INE622W01025 ISTSConnected ACMERenewtechSixth PPA SECI