ACME Solar Holdings Limited has officially informed the stock exchanges regarding the execution of a new Power Purchase Agreement (PPA) with the Solar Energy Corporation of India Limited (SECI). This strategic agreement, signed by its wholly owned subsidiary ACME Renewtech Sixth Private Limited, concerns a 300 MW Firm and Dispatchable Renewable Energy (FDRE) project under the Tranche VII Assured Peak Power initiative.

The executed PPA covers a contracted capacity of 300 MW, with the project tenure set for 25 years from the Scheduled Commencement of Supply Date (SCSD), which is slated for May 28, 2028. The project, awarded under Tariff-Based Competitive Bidding (TBCB) guidelines, involves a tariff of Rs 6.28 per unit. Notably, this project is designed to supply 4 hours of assured peak power specifically during non-solar hours, maintaining a minimum annual availability requirement of 85%. The agreement is not classified as a related party transaction.

ACME Solar Holdings Limited is a prominent integrated renewable energy player in India with a diversified portfolio spanning solar, wind, storage, and FDRE solutions. As of May 2026, the company holds a total contracted portfolio of 8,070 MW, with its PPA-signed portfolio standing at 6,570 MW. Throughout 2025, the company focused on aggressive capacity expansion and balance sheet strengthening. Significant updates during 2025 included the commissioning of 1,200 MW of solar projects, the securing of multiple credit rating upgrades to ‘AA-/Stable’ by agencies like CRISIL and ICRA, and the strategic acquisition of AK Renewable Infra Private Limited to bolster its infrastructure footprint.

For the financial year 2025, ACME Solar reported a robust performance, with its total revenue reaching INR 1,575 Crores, representing a 32% increase, and a net profit of INR 251 Crores, marking a significant 130.7% growth compared to the previous year. The company’s disciplined capital management and successful equity raising in 2025 were instrumental in improving its net debt-to-net worth ratio. Institutional interest in the company remains notable, with several large asset managers and insurance companies, such as Nippon Life India, Tata Asset Management, and SBI Life Insurance, maintaining holdings in the company.