ACME Solar Holdings has received Letter of Award (LoA) from Rewa Ultra Mega Solar for 220 MW Solar with Battery Energy Storage System (BESS) project. The project is part of a 440 MW tender floated by Rewa Ultra Mega Solar for the Morena Solar Park in Madhya Pradesh. The tender was floated under tariff-based competitive guidelines (TBCB) for which an e-reverse auction was conducted in September 2025.
The project requires suppling power with maximum annual CUF of 35%, along with 4 hours of peak supply (2 hours each in the morning and evening) at 95% annual availability. Charging energy for the evening peak will be sourced from the solar plant, while energy for the morning peak would be supplied free of cost by the procurer during night hours. The land and evacuation infrastructure above 33 kV level would be provided by Rewa Ultra Mega Solar as part of the facilities offered by the solar park developer. Additionally, the project also incorporates the benefit of reduced GST rates already passed through and will be required to adhere only to ALMM List-I (Approved List of Models and Manufacturers - List I).
The project would combine Solar and BESS technologies to meet the supply obligations for Power Purchase Agreement (PPA) tenor of 25 years. Going forward, PPA would be signed with Madhya Pradesh Power Management Company (MPPMCL) and Rewa Ultra Mega Solar.
ACME Solar Holdings is a renewable energy company in India with a portfolio of solar, wind, hybrid and firm and dispatchable renewable energy projects.
| Company Name | CMP |
|---|---|
| NTPC | 386.15 |
| Tata Power | 409.45 |
| Adani Power | 181.40 |
| Power Grid Corp | 300.30 |
| Torrent Power | 1474.75 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: