Acme Solar Signs PPA With Tata Power-D For 50 MW FDRE Project At ₹4.43/Unit

Image Source : The Financial Express

Acme Solar Holdings Ltd has signed a PPA with Tata Power-D for a 50 MW FDRE project at ₹4.43 per unit. The flexible dispatch model supports grid efficiency and clean energy goals. The agreement strengthens Acme’s renewable portfolio and contributes to Delhi’s transition toward sustainable power solutions.

Acme Solar Holdings Ltd has signed a Power Purchase Agreement (PPA) with Tata Power Delhi Distribution Ltd (Tata Power-D) for its upcoming 50 MW Flexible Dispatch Renewable Energy (FDRE) project. The agreement marks a strategic milestone in Acme’s renewable energy expansion and supports Delhi’s clean energy transition.

Key Highlights From The Agreement

- The PPA has been finalized at a tariff of ₹4.43 per unit, ensuring competitive pricing for renewable energy supply.

- The 50 MW FDRE project will offer flexible dispatch capabilities, allowing Tata Power-D to optimize grid integration and manage peak demand efficiently.

- The project is expected to contribute significantly to Delhi’s renewable energy mix, aligning with national targets for decarbonization and energy security.

- Acme Solar continues to expand its portfolio of solar and hybrid energy projects across India, reinforcing its leadership in the clean energy space.

Strategic Insights

The FDRE model allows utilities to draw power based on real-time demand, improving grid stability and reducing reliance on fossil fuels. Acme’s ability to deliver flexible, scalable solutions positions it as a preferred partner for urban distribution companies seeking reliable green energy.

Industry Context

India’s renewable energy sector is witnessing accelerated growth, driven by policy support, rising demand, and technological innovation. Flexible dispatch models are gaining traction as utilities seek to balance intermittency and ensure consistent supply. Acme Solar’s latest agreement reflects this evolving landscape.

Market Outlook

Analysts expect the PPA to strengthen Acme’s revenue visibility and project pipeline. The tariff of ₹4.43 per unit is seen as competitive, balancing affordability with project viability. The collaboration with Tata Power-D also enhances Acme’s credibility and operational reach in metro markets.

Sources: Reuters, Business Standard, Acme Solar Corporate Filings

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