Mutual Funds Sahi Hai!
To avail the service, you will be redirected to loans.geojitcredits.com
The Commercial operation date (COD) for the above-mentioned phase-I shall be 08 March 2026.
The PPA requires supplying power with minimum annual Capacity Utilisation Factor (CUF) of 50% and an obligation to meet 80% of peak power requirement on daily basis.
This project has already been financed by Power Finance Corporation (PFC) as part of the existing sanctioned project under Phase II.
The PPA tenure is 25 years from the date of signing of PPA, with scheduled commercial operation date (SCOD) for 27 February 2028.
Following this PPA, ACME Solar’s total PPA-signed portfolio has reached 5,820 MW, with 1,240 MW of PPAs signed in current financial year.
ACME Solar Holdings is a fully integrated renewable energy company in India with a diversified portfolio across solar, wind, storage, hybrid and Firm and Dispatchable Renewable Energy (FDRE) projects.
The company’s consolidated net profit rose 1.5% to Rs 113.71 crore on 42.3% jump in net sales to Rs 496.62 crore in Q3 FY26 over Q3 FY25.
The counter rose 0.65% to Rs 232.40 on the BSE.
ACME Solar Holdings through its subsidiary, ACME Urja One, has signed a 25-year power purchase agreement (PPA) with SECI on 18 February 2026 for its 190 MW wind-solar hybrid project with assured peak power. The project forms part of 380 MW capacity, of which PPA for the first 190 MW has already been signed.
Following this PPA, ACME Solar's total PPA-signed portfolio now stands at 5,820 MW with 1,240 MW of PPAs signed in current financial year.
ACME Solar Holdings has been awarded Letter of Award (LOA) for 220 MW Solar with Battery Energy Storage System (BESS) project by Rewa Ultra Mega Solar (RUMSL). The project is part of a 440 MW tender floated by RUMSL for the Morena Solar Park in Madhya Pradesh. The tender was floated under tariff-based competitive guidelines (TBCB) for which an e-reverse auction was conducted in September 2025.
The project requires suppling power with maximum annual CUF of 35%, along with 4 hours of peak supply (2 hours each in the morning and evening) at 95% annual availability. Charging energy for the evening peak will be sourced from the solar plant, while energy for the morning peak would be supplied free of cost by the procurer during night hours. The land and evacuation infrastructure above 33 kV level would be provided by RUMSL as part of the facilities offered by the solar park developer. Additionally, the project also incorporates the benefit of reduced GST rates already passed through and will be required to adhere only to ALMM List-I (Approved List of Models and Manufacturers - List I).
The project would combine Solar and BESS technologies to meet the supply obligations for Power Purchase Agreement (PPA) tenor of 25 years. Going forward, PPA would be signed with Madhya Pradesh Power Management Company (MPPMCL) and RUMSL.
ACME Solar Holdings (ACME Solar) has secured a 301 MW/ 1,204 MWh assured peak supply SECI FDRE-VII project in an e-reverse auction conducted on 05 February 2026. Following this win, ACME Solar's diversified portfolio stands at 8,071 MW contracted capacity spanning solar, wind, storage, hybrid, FDRE and RTC solutions. The formal Letter of Award is expected soon.
The bid requires supply of 4 MWh per MW of contracted capacity for any four hours each day only during the non solar hours, while ensuring availability of 70% on monthly and 85% on annual basis. The project would integrate Solar and Battery Energy Storage System (BESS) technology to meet the supply requirements and would utilize the night-time connectivity already available with the company.
ACME Solar Holdings (ACME Solar) has appointed Rahul Kaushik as Head of Process Transformation, further strengthening the company's focus on building robust, future-ready processes and governance frameworks across its rapidly growing renewable energy portfolio. With a sharp focus on risk management, internal controls and operational excellence, Rahul will closely work with the leadership team to drive optimisation of business processes to support the company's next phase of growth.
Prior to joining ACME Solar, Kaushik headed the Internal Audit function at O2 Power and have worked with large consulting firms like Ernst & Young, KPMG and Grant Thornton leading numerous internal audit, risk management, ICFR/IFC and process design engagements. Rahul's rich experience in internal audit, risk and process transformation, especially in the renewable energy sector, will be significant as ACME Solar continues to scale and institutionalise robust governance across ACME Solar. His mandate is to help the company build agile, standardised and digitally enabled processes that can support our growth ambitions and deliver long-term value to all stakeholders.
ACME Solar Holdings through its subsidiary, ACME Urja One, has signed a 25-year Power Purchase Agreement (PPA) with NHPC, a AAA-rated Central Government enterprise, on 29 January 2026 for its 250 MW Firm and Dispatchable Renewable Energy (FDRE) Tranche VI Project. The project will be connected to ISTS substations, for which connectivity approvals are already in place. The current PPA has been signed with a minimum annual Capacity Utilisation Factor (CUF) of 40 per cent and an obligation to meet 90% of peak power requirement for 4 hours daily on monthly basis.
ACME Solar will establish this FDRE project at a capex investment of approximately Rs 3,700 crore. It is fast-tracking the project's construction and has already acquired nearly 40 per cent of the land requirement. The expected CUF of this project is more than 60 per cent. Following this PPA, ACME Solar's total PPA-signed portfolio now stands at 5,630 MW, complemented by a firm pipeline of 2140 MW, where LOAs have been awarded or are currently awaited.
With this, ACME Eco Clean Energy has achieved a commissioned capacity of 72 MW out of 100 MW.