This Renewable Energy Company Signs 25-Year SECI PPA For 300 MW FDRE Project; DII Stake Rises In Q4FY26

On Tuesday, the Indian equity benchmarks traded marginally higher during the morning session, with the benchmark Nifty 50 index rising 0.14 per cent to 24,064.15. Renewable energy stocks remained in focus following long-term project and power purchase agreement announcements. In this segment, Solar-holdings-ltd-287433">ACME Solar share price gained 1.80 per cent to Rs 306 after the company announced signing of a 25-year Power Purchase Agreement (PPA) with Solar Energy Corporation of India Limited (SECI).

ACME Solar PPA Details

ACME Solar Holdings Limited signed a 25-year Power Purchase Agreement with SECI for 300 MW / 1,200 MWh of ISTS-connected assured peak power capacity under the Firm and Dispatchable Renewable Energy (FDRE) Tranche VII project.

The agreement was executed through ACME Renewtech Sixth Private Limited, a wholly owned subsidiary of the company.

The project carries a tariff of Rs 6.28 per unit and is scheduled to commence supply from May 28, 2028. The agreement tenure will remain valid for 25 years from the Scheduled Commencement of Supply Date.

The company stated that the contracted capacity under the PPA stands at 300 MW compared to the earlier awarded capacity of 301 MW, with the adjustment mutually agreed for optimisation of project configuration and implementation.

ACME Solar Holdings Project And Operational Details

The project was awarded under SECI’s FDRE Tranche VII tender pursuant to the Letter of Award dated February 10, 2026. The tender was conducted through tariff-based competitive bidding and e-reverse auction mechanisms.

Under the agreement terms, ACME Solar will supply four hours of assured peak power during non-solar hours while maintaining a minimum annual availability requirement of 85 per cent.

The project will be connected to Inter-State Transmission System (ISTS) substations and utilise the company’s existing night-time connectivity available in high irradiation zones.

Portfolio Expansion

Following signing of the agreement, ACME Solar’s total contracted portfolio increased to 8,070 MW, of which 6,570 MW already has signed PPAs.

The company’s under-Construction PPA-signed portfolio currently stands at 3,580 MW, reflecting continued expansion across hybrid and dispatchable renewable energy projects.

ACME Solar Holdings Shareholding Pattern

As per the latest shareholding pattern, Domestic Institutional Investors (DIIs) increased stake in ACME Solar to 7.05 per cent during Q4FY26 from 6.87 per cent in the previous quarter.

Foreign Institutional Investor (FII) holding declined to 3.60 per cent from 4.03 per cent during the same period.

About ACME Solar Holdings

ACME Solar Holdings Ltd is one of India’s leading renewable energy independent power producers engaged in developing, building, owning and operating utility-scale solar, wind, hybrid and FDRE projects.

As of March 31, 2025, the company managed a portfolio of around 6,970 MW comprising operational and under-construction renewable energy assets across multiple Indian states. The company follows an integrated business model including project development, land acquisition, connectivity, EPC and operations & maintenance services.

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