News

ACME Solar arm wins 300 MW capacity in SECI's Peak Power Tender

ACME Solar Holdings Ltd (ACME) has been emerged as a successful bidder in SECI’s e-reverse auction for the “Selection of RE Power Developers for assured
Peak Supply of 6000 MWh (1500 MW x 4 Hrs.) from ISTS-Connected RE Projects in India, under Tariff-Based Competitive Bidding (SECI-FDRE-IX).

Under this tender, the company secured 300 MW of contracted capacity at a discovered tariff of Rs. 6.00/kWh and will supply 1,200 MWh (300 MW X 4) supply,
during four-hour duration.

ACME already has the requisite connectivity grant and has secured a substantial portion of the land required for the project. This development readiness is
expected to significantly shorten the project execution timeline and facilitate timely commissioning.

Upon execution of the PPA, the project will add 1.2 GWh to ACME’s battery energy storage portfolio and increase the company’s PPA-signed BESS pipeline to
approximately 15 GWh.

At 1.27 pm, ACME Solar Holdings Ltd was trading at Rs. 399.45, down by 2.39%, with a volume of 1.54 lakh shares on the BSE.