Acme Solar Holdings Limited has informed the Exchange regarding a press release dated Jun 25, 2025, titled "ACME Solar executes Power Purchase Agreement withSECI for 300 MW Sikar Solar Project in Rajasthan".
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ACme Solar's wholly owned subsidiary, ACME Sikar Solar Private Limited, has signed a 25-year Power Purchase Agreement (PPA) with the Solar Energy Corporation of India (SECI) for a 300 MW solar project in Rajasthan at a fixed tariff of ₹3.05 per kWh. The project was commissioned on June 23, 2025, just ahead of the June 30, 2025 supply deadline, and qualifies for ISTS transmission charge waiver under government incentives for early operationalization. With this addition, the company's PPA-signed portfolio rises to 5,130 MW, of which 2,890 MW is already operational and 1,840 MW is in the firm pipeline (LOA received). Overall, ACME Solar's total renewable energy portfolio stands at 6,970 MW, with 86% of offtake tied to central government entities and 14% to state discoms.
This is a positive operational milestone — the company has converted its SECI ISTS XVIII win into a binding long-term PPA, locked in revenue visibility at a known tariff, and unlocked cost savings via the ISTS waiver. It reinforces execution capability and supports the growth runway, which is likely to be viewed favorably by investors.