ACME Solar signs PPA with SECI for 300MW ISTS-connected Wind-Solar Hybrid Renewable Energy Project

ACME Solar Holdings Limited (ACME Solar), through its subsidiary ACME Renewtech Fifth Private Limited, has signed a 25-year Power Purchase Agreement (PPA) with Solar Energy Corporation of India Limited (SECI) for a 300 MW ISTS-connected Wind-Solar Hybrid Renewable Energy Project. The tariff is already approved and adopted by Central and State Regulator.

The Hybrid RE Project will be connected to ISTS substations and will utilize company's already secured connectivity at high-irradiation and wind zones. Under the PPA, ACME Solar will supply power at a minimum annual capacity utilization factor (CUF) of 30%. With this, out of the total contracted portfolio of 8,070 MW, the PPA-signed portfolio stands at 6,870 MW.

Shares of ACME Solar Holdings Limited was last trading in BSE at Rs. 377.60 as compared to the previous close of Rs. 385.20. The total number of shares traded during the day was 92680 in over 1805 trades.

The stock hit an intraday high of Rs. 393.65 and intraday low of 375.30. The net turnover during the day was Rs. 35427121.00.

Source : Equity Bulls

Keywords

ACMESolarHoldings INE622W01025 ACMERenewtechFift PPA SECI