Acme Solar Holdings Limited has informed the Exchange regarding a press release dated Jun 20, 2025, titled "ACME Solar signs PPA with NHPC for 250 MW FDRE project in Rajasthan".
ACMESOLAR · price
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ACme Solar Holdings has signed a 25-year Power Purchase Agreement with NHPC Limited (a AAA-rated central government company) for a 250 MW Firm and Dispatchable Renewable Energy (FDRE) project in Rajasthan. The tariff is Rs 4.56 per kWh, with a minimum 40% annual capacity utilisation and a commitment to meet 90% of peak power demand for 4 hours daily, using a mix of solar, wind, and battery storage. CERC has already approved the tariff under Section 63 of the Electricity Act, and ISTS connectivity is in place, so execution can begin quickly. With this PPA, the company's signed PPA portfolio rises to 5,130 MW (of which 2,826.2 MW is already operational), and overall portfolio stands at 6,970 MW.
This adds long-term, low-risk revenue visibility at a competitive tariff from a government counterparty, strengthening ACME Solar's order book and earnings pipeline. It is mildly positive for the stock as it confirms continued project wins and execution readiness, though the Rs 4.56/kWh tariff is on the lower end for FDRE projects.