With this deal, ACME Solar has signed 1,240 MW worth of PPAs in the current financial year alone.
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6okean
ACME Solar Holdings on Wednesday signed a 25-year power purchase agreement with Solar Energy Corporation of India (SECI) for a 190 MW wind-solar hybrid project, pushing its total PPA-signed capacity to 5,820 MW.
The agreement, executed through its subsidiary ACME Urja One Private Ltd, covers an ISTS-connected hybrid project that is part of a larger 380 MW tranche, with the PPA for the first half now formalised. The tariff has been adopted by the Central Electricity Regulatory Commission (CERC), and the power procurement plan has received approval from the relevant State electricity regulatory authority.
Under the agreement, ACME Solar is required to maintain a minimum annual capacity utilisation factor of 50 per cent and meet 80 per cent of peak power demand on a daily basis. The company said grid connectivity for all project components — solar, wind and battery energy storage systems (BESS) — has been secured, and that completion timelines for the connectivity and transmission infrastructure fall within the contracted commercial operations date.
The project has been financed by Power Finance Corporation as part of a previously sanctioned Phase II package. SECI holds an AAA credit rating as a Central government enterprise.
With this deal, ACME Solar has signed 1,240 MW worth of PPAs in the current financial year alone. The Gurugram-based company has a total portfolio of 8,071 MW spanning solar, wind, storage and hybrid solutions, with 2,966 MW operational and 5,105 MW under construction, including approximately 17 GWh of BESS capacity.
The shares of Acme Solar Holdings Ltd were trading at ₹230 down by ₹0.93 or 0.40 per cent at 2.05 pm.
Published on February 19, 2026
