Acme Solar Holdings Limited — Updates, 28-01-2025: Press Release

ACME Solar Holdings Limited has signed a Power Purchase Agreement (PPA) with NHPC Limited for a significant 680 MW Firm & Dispatchable Renewable Energy (FDRE) project. This achievement is pivotal in advancing India's clean energy transition and is a result of ACME Solar being selected under NHPC's 1400 MW FDRE tender. The project will be implemented across various locations, including Gujarat, Madhya Pradesh, Karnataka, and Rajasthan, utilizing innovative hybrid renewable energy solutions that integrate solar, wind, and battery storage. The PPA includes a minimum annual Capacity Utilization Factor (CUF) guarantee of 40% and aims to deliver 90% of the contracted energy during peak hours, highlighting a strong commitment to reducing greenhouse gas emissions. With an operational capacity of 2,540 MW and under construction projects totaling 4,430 MW, ACME Solar continues to solidify its position as a leader in the renewable energy sector, contributing to India’s ambitious energy targets. Positive outlook as this project sets a new standard for hybrid energy systems.