New Delhi – Acme Solar Holdings Limited has successfully secured a 250 MW Firm & Dispatchable Renewable Energy (FDRE) project in the e-reverse auction held by NHPC on December 10, 2024, at a tariff of INR 4.56 per unit.
Notably, this project includes a green-shoe option that could potentially expand the total capacity of this project from the initial 250 MW to 500 MW. With this latest win, Acme Solar’s total capacity now stands at 6,970 MW.
The auction, titled “Supply of 1200 MW FDRE (Assured Peak Power Supply) from ISTS-Connected Renewable Energy Power Projects Coupled with ESS (Tranche VI),” aims to procure 1,200 MW of renewable energy integrated with Energy Storage Systems (ESS) across India.
The project will deliver four hours of peak supply, requiring a blend of solar, wind, and battery technologies, ensuring a reliable and stable energy supply during periods of high demand.
Commenting on this achievement, Nikhil Dhingra, CEO of ACME Solar Holdings Limited, said, “This win takes our overall portfolio to ~ 7 GW and committed portfolio of long-term power supply with NHPC to 930 MW. Out of this 930 MW, our existing 680 MW 4 hours peak FRDE committed capacity with NHPC is expected to be converted to PPA shortly given NHPC has signed 1280 MW PSA recently with Uttar Pradesh. We are looking forward to increasingour commitment to NHPC with this bid win and executing this project utilizing CTU connectivity we already have in Rajasthan and Gujarat. This project is likely to have a Scheduled COD to be in FY’ 2027-28 assuming PPA to get signed in early FY’26”.
