ACME Solar and NHPC ink deal for 250 MW of renewable energy

The deal will run for 25 years.

ACME Solar Holdings Ltd has inked a power purchase agreement (PPA) with NHPC Limited for its 250 MW Firm and Dispatchable Renewable Energy (FDRE) project in Rajasthan.

In a disclosure, ACME Solar said the 25-year deal was signed at a tariff of INR 4.56 per kilowatt per hour for a minimum annual capacity utilisation factor of 40% and to meet 90% of peak power requirement of 4 hours daily.

“This PPA marks a significant step in strengthening ACME Solar’s footprint in the FDRE space whilst supporting India’s clean energy ambitions through an innovative mix of solar, wind, and battery storage technology,” the company said.

ACME Solar said the project will be connected to an ISTS substation.