Powering the Future: ACME Solar Seals Landmark Battery Storage Deal with NHPC

ACME Solar Holdings has signed Battery Energy Storage Purchase Agreements with NHPC for a cumulative capacity of 275 MW/550 MWh across two standalone projects in Andhra Pradesh. The contracts were secured via an e-reverse auction and mark a pivotal step in India’s clean energy transition.

 

Key highlights of the agreement:

 

- The projects are located in Kuppam (50 MW/100 MWh) and Ghani (225 MW/450 MWh), with tariffs set at ₹2,10,000 and ₹2,22,000 per MW/month respectively

 

- Both projects qualify for viability gap funding of ₹27 lakh per MWh or 30 percent of the total cost, whichever is lower

 

- Land and evacuation infrastructure will be provided by the state, accelerating implementation timelines

 

- Commissioning is targeted within 18 months, enhancing grid reliability and renewable integration

 

- The initiative supports the “BESS as a Service” model, ensuring long-term scalability and sustainability

 

Sources: Business Upturn, The Battery Magazine, Business Standard, The Hindu BusinessLine, ESS News, Rediff Money, MSN India