ACME Solar Holdings Awarded 450 MW Peak Power Project at ₹6.75/unit for 25 Years in SJVN FDRE-IV Auction

ACME Solar Holdings Limited has been awarded a 450 MW peak power project under the SJVN FDRE-IV tender, which mandates delivering 1800 MWh of assured peak supply. The tariff discovered in this competitive auction stands at ₹6.75 per unit, locked in for a 25-year power purchase agreement.

This project combines 300 MW of solar photovoltaic capacity with a substantial battery energy storage system (BESS) of 1800 MWh to ensure reliable power supply during peak demand periods. The initiative supports India’s strategy to integrate dispatchable renewable energy with large-scale energy storage, enhancing grid robustness.

ACME Solar reported strong Q2 financials, with revenues doubling year-on-year and EBITDA margins near 89%. The company also successfully optimized debt and upgraded its credit rating to AA- by CRISIL and ICRA, reflecting financial stability.

This project marks a significant step in ACME’s expanding renewable portfolio, contributing toward India’s ambitious clean energy transition and showcasing strong investor confidence in storage-backed renewable assets.

Key Highlights:

ACME Solar won 450 MW-1800 MWh assured peak power SJVN FDRE-IV project​

Tariff fixed at ₹6.75 per unit for 25 years reflecting competitive pricing​

Combines 300 MW solar with 1800 MWh battery storage for peak power supply​

Strong financial performance in Q2 with revenue growth of 104% YoY​

Debt optimization and credit rating upgraded to AA- by CRISIL and ICRA​

Project supports India’s grid stability and renewable energy integration goals​

Sources: ScanX Trade, Business Upturn, Mercom India, Moneycontrol