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ACME Solar Holdings (ACME Solar) through its subsidiary, ACME Greentech Twenty, has signed a Power Procurement Agreement (PPA) with Solar Energy Corporation of India (SECI) for 300 MW / 1,200 MWh assured peak supply under SECI's FDRE-IX tranche at a tariff of INR 6 per unit, with effective date of 06 October 2026. This FDRE project supports the growing need for reliable, dispatchable clean power during evening and night-time peak demand, helping strengthen the grid stability as renewable energy's share of India's power mix increases.
Following this PPA, the under construction PPA signed contracted portfolio stands at 4,310 MW out of total under construction contracted capacity of 5,380 MW. Through this FDRE project, ACME Solar will supply 4 MWh per MW of contracted capacity for any four hours daily during the non-Solar hours, while maintaining a minimum availability of 90% on monthly basis. The project would integrate a combination of Solar and Battery Energy Storage System (BESS) technologies to meet the contracted obligations and would utilize the night-time connectivity already available with the company.
ACME Solar Holdings (ASHL), through its wholly owned subsidiary i.e. ACME Greentech Seventh, has commissioned Phase-III of the BESS component, comprising 53.63 MW/214.52 MWh out of 300 MW / 1200 MWh (Discharge Capacity) of the FDRE Project located at Village: Kelan, Tehsil: Chhatargarh, District: Bikaner, Rajasthan on 30 September 2026.
The Commercial operation date (COD) for the same shall be 02 October 2026.
With this, ACME Greentech Seventh has achieved a commissioned capacity of 159.58 MW /638.32 MWh of the BESS component. Power Purchase Agreement (PPA) for this project has been signed with SJVN.
ACME Solar Holdings (ASHL), through its wholly-owned subsidiary i.e. ACME Sigma Urja, has commissioned Phase-I of the BESS component, comprising 53.73 MW/222.969 MWh out of 250 MW / 1069 MWh (Discharge Capacity) of the FDRE Project located at Village: Neemri, Tehsil: Rawatbhata, District: Chittorgarh, Rajasthan on 30 September 2026.
At present, only the BESS component of the project has been commissioned, while the corresponding renewable energy generation component is under development. The Commercial operation date (COD) for the same shall be 02 October 2026.
With this commissioning milestone, ACME Solar has crossed 4 GWh milestone in operational BESS capacity with total operational capacity of 4.16 GWh.
ACME Solar Holdings (ACME Solar) has secured Rs 1,571 crore long-term project funding from India Infrastructure Finance Company (IIFCL) for the construction and development of ACME Renewtech Sixth 300 MW assured peak power project in Rajasthan. This project financing, secured at a competitive rate of interest, marks IIFCL's first sole greenfield finance to ACME, with IIFCL acting as the sole lender for the project with a repayment tenor of 19 years.
The current funding milestone takes the overall financing secured by ACME Solar during this fiscal to Rs 10,976 crore.
The Power Purchase agreement (PPA) for this project has been executed with SECI for a period of 25 years at a tariff of INR 6.28/unit. ACME Greentech Seventh assured peak power project combines multiple renewable energy technologies including Solar and Battery Energy Storage System (BESS) to meet the supply obligations under its PPA ensuring higher predictability and dispatchability.
The project entails a total capex of Rs 2123 crore and forms part of ACME Solar's broader battery-storage capital deployment programme for the current financial year.
The funding takes the total financing secured by ACME Solar during the current financial year to Rs 10,976 crore. The power purchase agreement (PPA) for the project has been executed with Solar Energy Corporation of India (SECI) for 25 years at a tariff of Rs 6.28 per unit.
The ACME Greentech Seventh assured peak power project combines multiple renewable energy technologies, including solar and battery energy storage system (BESS), to meet the supply obligations under its PPA and ensure greater predictability and dispatchability of power. The project entails a total capex of Rs 2,123 crore and forms part of ACME Solar’s broader battery-storage capital deployment programme for the current financial year.
According to the company, the project is progressing on a strong execution footing, with grid connectivity already operational, while the pooling substation and dedicated transmission line are at advanced stages of completion. Land for the project site has also been substantially secured, positioning the project for timely construction.
The plant will integrate a 1,350 MWh BESS alongside solar generation, enabling assured peak power supply under its PPA. Like ACME Solar’s other assured peak power projects, the asset is being developed entirely within Rajasthan, reinforcing the state’s growing role as a hub for the company’s hybrid renewable capacity.
ACME Solar is an integrated renewable energy company with a diversified portfolio of 8,370 MW across solar, wind, hybrid, storage and FDRE projects. It has an operational contracted capacity of 2,990 MW, around 3.62 GWh of BESS capacity and 5,380 MW of contracted capacity under construction.
On a consolidated basis, the company’s net profit rose 79.87% to Rs 235.33 crore in the quarter ended June 2026 from Rs 130.83 crore in the quarter ended June 2025. Sales increased 67.81% to Rs 857.48 crore in the June 2026 quarter from Rs 510.98 crore in the June 2025 quarter.
The counter shed 0.92% to Rs 392 on the BSE.