ACME Solar wins 300 MW in SECI FDRE-IX peak power tender
ACMESOLAR · price
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On the reaction day the stock moved 2.9 pts less than Nifty Smallcap 250 and 2.8 pts less than its Power Generation peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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ACME Solar won 300 MW capacity in SECI's FDRE-IX assured peak power tender at a tariff of Rs 6.00 per kWh. The project will supply 1,200 MWh over four-hour peak duration using RE plus storage. The company already has connectivity approval and most land in place, which should speed up execution. This win adds 1.2 GWh to ACME's battery storage portfolio and lifts its PPA-signed BESS pipeline to about 15 GWh.
Positive for growth visibility, expands BESS order pipeline and revenue potential.