ACME Solar Holdings has signed a 25-year power purchase agreement (PPA) with NHPC, a AAA rated central government enterprise, for its 250 MW firm and dispatchable renewable energy (FDRE) project in Rajasthan. The PPA has been signed at a tariff of Rs 4.56 per kWh for a minimum annual capacity utilization factor (CUF) of 40% and to meet 90% of peak power requirement of 4 hours daily.
This PPA marks a significant step in strengthening the company’s footprint in the FDRE space while supporting India’s clean energy ambitions through an innovative mix of solar, wind, and battery storage technology. The project will be connected to an ISTS substation for which connectivity is already in place.
Post the signing of this PPA, the company’s PPA-signed portfolio stands at 5,130 MW of which 2,826.2 MW is already operational, and balance is under various stages of implementation. Additionally, the company has a firm pipeline of 1,840 MW for which letter of award (LOA) has been received. The company’s overall portfolio comprises 86% offtake with central government enterprises and the rest 14% with State discoms.
ACME Solar Holdings is a renewable energy company in India with a portfolio of solar, wind, hybrid and firm and dispatchable renewable energy projects.
