On Wednesday, February 19, ACME Solar Holdings entered into a 25-year power purchase agreement with the Solar Energy Corporation of India (SECI) for a 190 MW wind-solar hybrid project. The deal lifts ACME’s total PPA-backed capacity to 5,820 MW.

Executed through its subsidiary ACME Urja One Private Ltd, the agreement strengthens revenue visibility while expanding its integrated hybrid portfolio.The project is ISTS-connected and part of a broader 380 MW allocation, with the initial 190 MW now contractually secured. Importantly, the tariff has received approval from the Central Electricity Regulatory Commission (CERC), and the associated power procurement plan has been cleared by the concerned State electricity regulatory authority.

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As per the contract, ACME must ensure a minimum annual CUF of 50 per cent and supply 80 per cent of peak demand on a daily basis, highlighting the performance standards expected from hybrid projects supported by storage. The company stated that connectivity for solar, wind and battery energy storage systems (BESS) is already in place, and transmission infrastructure is scheduled to be completed within the agreed commercial operations timeline.

Funding support comes from Power Finance Corporation under its Phase II financing package, while SECI’s AAA credit rating strengthens payment security. During the current financial year alone, ACME has executed 1,240 MW of PPAs, signalling rapid expansion.

Overall, ACME’s portfolio now stands at 8,071 MW, comprising 2,966 MW operational capacity and 5,105 MW under development, including roughly 17 GWh of BESS. Its shares were trading at INR 230 (USD 2.53), down by INR 0.93 (USD 0.0102) or 0.40 per cent at 2:05 pm.

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