ACME Solar Signs 300 MW SECI Power Supply PPA; Shares Fall 0.72%

Mumbai, October 19: ACME Solar Holdings Limited, through its subsidiary ACME Greentech Twenty Pvt Ltd, has signed a power purchase agreement (PPA) with Solar Energy Corporation of India (SECI) for 300 MW of assured peak power supply backed by 1,200 MWh of energy storage. The agreement carries a tariff of ₹6 per unit and became effective on October 6, 2026.

ACME Solar’s 300 MW FDRE Project Details

The agreement falls under SECI’s Firm and Dispatchable Renewable Energy (FDRE)-IX tranche and is designed to supply power during peak demand periods, including evening and night-time hours.

Under the project, ACME Solar will supply 4 MWh of energy per MW of contracted capacity for any four hours daily during non-solar hours. The project requires minimum monthly availability of 90% and will integrate solar power with a Battery Energy Storage System (BESS).

Following this agreement, ACME Solar’s contracted portfolio under construction stands at 4,310 MW out of a total under-construction capacity of 5,380 MW. The company reported an operational capacity of approximately 3,123 MW and 4.96 GWh of BESS capacity.

Stock Market Snapshot

The ACME Solar share price was trading 0.72% lower at ₹407.05 on Monday, October 19, compared with the previous close of ₹410.00. The stock opened at ₹407.90.

The shares traded lower during the morning session despite the PPA announcement. The price movement alone does not establish that the agreement was responsible for the decline.

About ACME Solar Holdings

ACME Solar Holdings Limited is a renewable energy company with a portfolio spanning solar, wind, hybrid and firm and dispatchable renewable energy projects, supported by energy storage solutions.

Conclusion

The 300 MW SECI agreement adds to ACME Solar’s contracted renewable energy portfolio and strengthens its focus on supplying power during peak-demand hours. Project execution and the integration of storage capacity will be important factors in delivering the contracted supply.

Source:

• https://www.nseindia.com/get-quote/equity/ACMESOLAR/Acme-Solar-Holdings-Limited
• https://nsearchives.nseindia.com/corporate/ACMECS_19102026084958_IntimationPPA19102026.pdf