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ACME Solar Holdings Ltd. ( (IN:ACMESOLAR) ) has issued an announcement.
ACME Solar Holdings Limited, through its wholly owned subsidiary ACME Greentech Seventh Private Limited, has signed two long-term Power Purchase Agreements with state-owned SJVN Limited for a total firm and dispatchable renewable energy capacity of 450 MW in India. The contracts, priced at a tariff of Rs. 6.74 per unit and set to commence supply in March 2028 for a 25-year term, strengthen ACME Solar’s project pipeline and revenue visibility, reinforcing its positioning in India’s evolving market for reliable renewable power and offering long-duration offtake certainty for stakeholders.
The agreements, covering 300 MW and 150 MW capacities under a domestic FDRE power project, are structured as arm’s-length contracts with no related-party involvement. By locking in a substantial capacity under regulated PPAs with a government-backed utility, ACME Solar enhances its long-term operational scale, underpins cash-flow stability, and supports the broader policy push toward dependable, dispatchable renewable energy in the country.
More about ACME Solar Holdings Ltd.
ACME Solar Holdings Limited is an India-based renewable energy company focused on developing and operating solar and other renewable power projects. Through subsidiaries such as ACME Greentech Seventh Private Limited, the group participates in long-term power supply contracts, targeting the growing domestic market for firm and dispatchable clean energy solutions.
Average Trading Volume: 105,955
Technical Sentiment Signal: Sell
Current Market Cap: 143.1B INR
Learn more about ACMESOLAR stock on TipRanks’ Stock Analysis page.