ACME Solar Signs PPA for SECI’s 190 MW ISTS-Connected Hybrid Tranche-VI Project

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ACME Solar Signs PPA for SECI’s 190 MW ISTS-Connected Hybrid Tranche-VI Project

The company has a market cap of over Rs 13,000 crore and the stock is up by 37 per cent from its 52-week low of Rs 172.90 per share.

ACME Solar Holdings Ltd (ACME Solar), through its subsidiary, ACME Urja One Private Limited, has signed a 25-year Power Purchase Agreement (PPA) with SECI, a AAA-rated Central Government enterprise, on February 18, 2026, for its 190 MW wind–solar hybrid project with assured peak power. The project forms part of a 380 MW capacity, of which PPA for the first 190 MW has already been signed. The PPA requires supplying power with a minimum annual Capacity Utilisation Factor (CUF) of 50% and an obligation to meet 80% of the peak power requirement daily. Connectivity for all the components of this project - solar, wind and BESS have been secured.

The tariff of the PPA has been adopted by the Hon’ble Central Electricity Regulatory Commission (CERC) and the power procurement plan has been approved by the appropriate State Electricity Regulatory Commission. This Project has already been financed by Power Finance Corporation Ltd (PFC) as part of the existing sanctioned project under Phase II. The completion timelines of the connectivity and transmission system are within the COD timeline as per the PPA. Following this PPA, ACME Solar’s total PPA-signed portfolio now stands at 5,820 MW, with 1,240 MW of PPAs signed in the current financial year.

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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 2.34 per cent to Rs 236.30 per share from its previous closing of Rs 230.90 per share. The company has a market cap of over Rs 13,000 crore and the stock is up by 37 per cent from its 52-week low of Rs 172.90 per share.

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