Acme Solar Holdings Ltd has secured 250 MW in NHPC’s auction for supply of 1.2 GW firm and dispatchable renewable energy (FDRE). It won the FDRE project at a tariff of INR 4.56 per kWh.
As per the tender, the winning developers are required to set up renewable energy projects integrated with energy storage systems for assured peak power supply. The projects can be located anywhere in India and must connect to the interstate transmission system.
Acme said the project includes a green-shoe option that could potentially expand its total capacity from the initial 250 MW to 500 MW. With this latest win, Acme Solar’s total RE portfolio has reached 6,970 MW,
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.
“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 [power purchase agreement] shortly given NHPC has signed 1280 MW PSA recently with Uttar Pradesh,” said Nikhil Dhingra, CEO of ACME Solar Holdings.
“We are looking forward to increasing our 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 commercial operation date to be in FY 2027-28 assuming PPA to get signed in early FY 2026.”
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