ACME Solar Inks PPA With SECI For 300 MW Project In Rajasthan At ₹3.05/unit

ACME Solar Holdings Ltd. on Wednesday said its subsidiary, ACME Sikar Solar Pvt. Ltd., has signed a 25-year power purchase agreement with Solar Energy Corp. of India for a 300-megawatt solar project in Rajasthan at a fixed tariff of ₹3.05 per kilowatt hour.

The project was awarded under the 18th round of SECI’s ISTS-connected solar power auctions, and the tariff was formally approved by the Central Electricity Regulatory Commission on May 30, the company said in a statement.

The project is expected to begin supplying power by Jun. 30 and qualifies for waiver of inter-state transmission system charges.
With this, ACME Solar’s total PPA-backed portfolio now stands at 5,130 MW, of which 2,890 MW is operational and the rest under implementation.

The company also has an additional 1,840 MW in the pipeline with letters of award already in place. Around 86% of its contracted capacity is tied to central government agencies, and 14% with state distribution companies.