ACME Solar signs 250-MW FDRE power PPA with NHPC at ₹4.33/kWh
Gurugram: ACME Solar Holdings Limited has signed a 25-year Power Purchase Agreement (PPA) with NHPC Limited for a 250 MW Firm and Dispatchable Renewable Energy (FDRE) Tranche VI project, further strengthening its long-term contracted portfolio. The PPA was executed on 29 January 2026 through ACME Solar’s subsidiary, ACME Urja One Private Limited.
The project has been awarded at a tariff of ₹4.33 per unit and will be connected to the Inter-State Transmission System (ISTS), for which connectivity approvals are already in place. As per the agreement, the project will operate with a minimum annual Capacity Utilisation Factor (CUF) of 40% and will be required to meet 90% of peak power demand for four hours daily on a monthly basis.
ACME Solar plans to invest approximately ₹3,700 crore in the development of the FDRE project. Construction activities are being accelerated, with nearly 40% of the land acquisition already completed. The project is expected to deliver a CUF of over 60% and is scheduled for commissioning by 30 June 2027.
With the addition of this project, ACME Solar’s total PPA-signed capacity has reached 5,630 MW, while a further 2,140 MW remains in the pipeline, where Letters of Award (LOAs) have been secured or are under process.
Headquartered in Gurugram, ACME Solar Holdings Limited is an integrated renewable energy developer with a diversified presence across solar, wind, energy storage, FDRE and hybrid solutions. The company currently has an operational contracted capacity of 2,962 MW and 4,808 MW under construction, including approximately 16 GWh of battery energy storage capacity.
Backed by in-house EPC and Operations & Maintenance (O&M) capabilities, ACME Solar undertakes end-to-end project development, enabling timely execution, cost efficiency, and strong operating performance across its renewable energy assets.
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