ACME Solar Holdings Ltd.ACMESOLAR₹248.25 -0.34%

ACME Sikar Solar Private Limited, a wholly owned subsidiary of ACME Solar Holdings Ltd., has signed a 25-year Power Purchase Agreement (PPA) with the Solar Energy Corporation of India (SECI) for a 300 MW solar power project located in Sikar, Rajasthan. The agreement comes at a fixed tariff of ₹3.05 per unit and was executed following the successful commissioning of the project on June 23, 2025.

This allocation was secured under SECI’s ISTS Tranche XVIII, with the Central Electricity Regulatory Commission (CERC) formally adopting the tariff on May 30, 2025. The project is scheduled to begin power supply by June 30, 2025, making it eligible for Inter-State Transmission System (ISTS) charge waivers, in line with government incentives for early commissioning of renewable assets.

With the addition of the Sikar project, ACME Solar’s total PPA-signed portfolio now stands at 5,130 MW, of which 2,890 MW is already operational. The company also holds a firm pipeline of 1,840 MW backed by Letters of Award (LOA). Approximately 86% of ACME Solar’s offtake agreements are with central government entities, with the remainder contracted to state distribution companies.

ACME Solar Holdings is among India’s leading renewable energy developers, with a diversified 6,970 MW portfolio spanning solar, wind, hybrid, and FDRE technologies. Its integrated model, with in-house EPC and O&M capabilities, enables cost-effective, timely execution and high operational performance. This latest milestone underscores the company’s commitment to accelerating India’s clean energy transition while maintaining its track record of delivering large-scale projects with industry-leading efficiency.

Note: The stock price mentioned is as of 11:50 AM.

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