ACME Solar inks PPAs for 450 MW FDRE Project

New Delhi, Mar 12 (PTI) Acme Solar Holdings on Thursday said its arm ACME Greentech Seventh Pvt Ltd has inked two power purchase agreements (PPAs) with SJVN Ltd to supply 450 MW under a Firm and Dispatchable Renewable Energy (FDRE) Power Project.

The PPAs were signed for a tenor of 25 years on March 2, the company said in a statement.

The tender (Tranche-FDRE-4) was issued under the tariff-based competitive bidding (TBCB) guidelines, for which an e-reverse auction was held on October 9, 2025, and the letter of award was received on November 10, 2025.


The projects will be connected to ISTS substations and will utilise ACME Solar's night-time connectivity in high-irradiation zones in Rajasthan.

Under the PPAs, ACME Solar will supply four hours of assured peak power supply during non-solar hours with 90 per cent availability on monthly and annual basis.

Following this PPA, ACME Solar has signed 1,690 MW of PPAs in current financial year, taking the total PPA signed capacity to 6,270 MW.