Solar and Battery Energy Storage System Company Receives 50 MW FDRE Project by Tata Power Company Ltd

ACME Solar Holdings Ltd has been awarded an LOA for a 50 MW Firm and Dispatchable Renewable Energy (FDRE) project at a tariff of Rs 4.43 per unit in a 250 MW FDRE tender floated by Tata Power Company Limited (Tata Power-D). Notably, Tata Power-D is a licensed electricity distribution company and is a part of Tata Power Company Limited.

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The FDRE tender was floated under tariff-based competitive guidelines (TBCB) for which an e-reverse auction was conducted on August 13, 2025. The project will be required to maintain a minimum annual CUF of 40 per cent and ensure four hours of peak-hour supply with 90 per cent availability every month. The project would combine multiple renewable energy technologies, including Solar and Battery Energy Storage System (BESS), to meet the supply obligations for a PPA tenor of 25 years. The commissioning timeline of the project is 24 months from the PPA signing.

About the Company

ACME Solar Holdings is a leading integrated renewable energy player with a diversified portfolio spanning solar, wind, storage, FDRE and hybrid solutions and an operational capacity of 2,890 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.

The company has a market cap of over Rs 18,000 crore and the stock is up by 81.2 per cent from its 52-week low of Rs 167.55 per share.

Disclaimer: The article is for informational purposes only and not investment advice.