ACME Solar Holdings has announced that it has signed a 25-year Power Purchase Agreement (PPA) with the Solar Energy Corporation of India (SECI) for a 300 MW Inter-State Transmission System (ISTS)-connected Wind-Solar Hybrid Renewable Energy Project.

The agreement has been signed through the company's wholly owned subsidiary, ACME Renewtech Fifth Pvt Ltd. The tariff for the project has already received approval from the relevant Central and State regulatory authorities, enabling the project to move forward.

The hybrid renewable energy project will be connected to ISTS substations and will leverage ACME Solar's existing transmission connectivity in regions with high solar irradiation and strong wind resources.

Under the terms of the PPA, the company is required to supply power while maintaining a minimum annual Capacity Utilization Factor (CUF) of 30 percent, ensuring efficient generation from the hybrid facility.

With the signing of this agreement, ACME Solar has increased the portion of its contracted portfolio backed by signed PPAs to 6,870 MW out of its total contracted portfolio of 8,070 MW. The company's under-construction portfolio with signed PPAs now stands at 3,880 MW.

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ACME Solar Holdings is one of India's integrated renewable energy companies, with a diversified portfolio spanning solar, wind, hybrid, Firm and Dispatchable Renewable Energy (FDRE), battery energy storage systems (BESS), and other clean energy solutions.

The company currently has an operational contracted capacity of 2,990 MW, while projects totaling 5,080 MW are under various stages of construction. It also has 3.62 GWh of contracted battery energy storage capacity.

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Backed by in-house engineering, procurement and construction (EPC) and operations and maintenance (O&M) capabilities, ACME Solar oversees the entire lifecycle of its renewable energy projects.

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This integrated approach enables timely project execution, cost efficiency, and strong operational performance, reflected in industry-leading capacity utilization factors and healthy profit margins.