ACME Solar awarded LOA for 220 MW Solar + BESS project by RUMSL in Madhya Pradesh
Kiran DSIJ / 10 Feb 2026 / Categories: Mindshare, Trending
The company has a market cap of over Rs 14,000 crore and the stock is up by 37 per cent from its 52-week low of Rs 171.90 per share.
Solar-holdings-ltd-287433">ACME Solar Holdings Limited has been awarded a Letter of Award (LOA) by Rewa Ultra Mega Solar Limited (RUMSL) to develop a 220 MW Solar plus Battery Energy Storage System (BESS) project. Located at the Morena Solar Park in Madhya Pradesh, this project was secured through a tariff-based competitive bidding process. The agreement establishes a fixed tariff of Rs 2.764 per unit, with a scheduled commercial operation date set for December 31, 2027.
The project features a specialised supply structure designed to optimise grid stability. It requires a maximum annual Capacity Utilisation Factor (CUF) of 35 per cent and must provide four hours of peak supply daily—two hours in the morning and two in the evening—at 95 per cent annual availability. While evening peak energy is drawn from the solar plant, the procurer will provide free energy during night hours to charge the batteries for the morning peak.
Under the 25-year Power Purchase Agreement (PPA) to be signed with RUMSL and Madhya Pradesh Power Management Company Limited, ACME Solar will benefit from pre-established infrastructure. RUMSL is responsible for providing the land and evacuation facilities above the 33 kV level. Furthermore, the project adheres to ALMM List-I and incorporates the benefits of reduced GST rates, streamlining the development of this significant domestic clean energy asset.
About the Company
ACME Solar Holdings Limited is a leading integrated renewable energy player with a diversified portfolio of 8,071 MW spanning solar, wind, storage, FDRE and hybrid solutions and an operational contracted capacity of 2,966 MW and under-Construction contracted capacity of 5,105 MW, including ~17 GWh of BESS installation. The under-construction PPA signed portfolio stands at 2,664 MW. With an in-house EPC and O&M division, the company does end-to-end development and O&M of the plants, thereby delivering projects in a time & cost-effective manner while ensuring best-in-class operating performance evident in its industry-leading CUF and operating margins.
On Tuesday, shares of ACME Solar Holdings Limited gained 3.05 per cent to Rs 235.05 per share from its previous closing of Rs 228.10 per share. The company has a market cap of over Rs 14,000 crore and the stock is up by 37 per cent from its 52-week low of Rs 171.90 per share.
Disclaimer: The article is for informational purposes only and not investment advice.