ACME Sikar Solar Pvt Ltd signed a 25-year Power Purchase Agreement (PPA) with the Solar Energy Corporation of India (SECI) for 300 MW capacity in Rajasthan at a fixed tariff of Rs3.05 a unit. The agreement follows the commissioning of 300 MW capacity by ACME Sikar this month.
As per the agreement, the project will supply power on or before June 30, 2025. The project qualifies for inter-state transmission system (ISTS) charges waiver, aligning with the govt incentives aimed at early operationalization of renewable energy projects.
With this, ACME Solar's PPA-signed portfolio stands at 5,130 MW, of which 2,890 MW is already operational, and rest is under various stages of implementation.
Additionally, the company has a firm pipeline of 1,840 MW for which letter of award (LOA) has been received, said the company in a release.
ACME Solar's overall portfolio comprises 86 per cent offtake with central government enterprises and the rest 14 per cent with State discoms.
