ACME Solar Holdings has been emerged as a successful bidder in e-reverse auction conducted by SECI and has secured 300 MW of contracted capacity at a discovered tariff of Rs 6.00/kWh. The tender was for ‘Selection of RE Power Developers for assured Peak Supply of 6000 MWh (1500 MW x 4 Hrs.) from ISTS-Connected RE Projects in India, under Tariff-Based Competitive Bidding (SECI-FDRE-IX)’. Under this tender, the company will supply 1,200 MWh (300 MW X 4) supply, during four-hour duration.
The company already has the requisite connectivity grant and has secured a substantial portion of the land required for the project. This development readiness is expected to significantly shorten the project execution timeline and facilitate timely commissioning.
Upon execution of the PPA, the project will add 1.2 GWh to the company’s battery energy storage portfolio and increase its PPA-signed BESS pipeline to around 15 GWh.
ACME Solar Holdings is a renewable energy company in India with a portfolio of solar, wind, hybrid and firm and dispatchable renewable energy (FDRE) projects.
| Company Name | CMP |
|---|---|
| NTPC | 340.20 |
| Tata Power | 372.85 |
| Power Grid Corpn. | 269.20 |
| Adani Power | 210.25 |
| Torrent Power | 1265.40 |
| View more.. | |
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