ACME Solar Signs PPA with TATA Power for 50 MW FDRE Project
The company signed the PPA at a tariff of ₹4.43/kWh
October 22, 2025
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Gurgaon-based independent power producer ACME Solar Holdings has signed a 25-year power purchase agreement with Tata Power Company for providing firm and dispatchable renewable energy (FDRE) from its 50 MW solar plus storage project at a tariff of ₹4.43 (~$0.05)/kWh.
ACME had received a letter of award (LoA) from Tata Power Company’s distribution arm, Tata Power-D, for developing the project in September 2025. This award is a part of a larger 250 MW FDRE tender floated by Tata Power-D.
The project will have a minimum annual capacity utilization factor of 40% and four peak hours of supply with 90% availability every month.
With this project, ACME has signed PPAs for a cumulative capacity of 600 MW and 550 MWh of battery energy storage systems in the current financial year.
The company’s portfolio includes solar, wind, storage, FDRE, and hybrid solutions. It has an operational capacity of 2,890 MW.
In September this year, ACME Solar Holdings executed a share purchase agreement to acquire 100% equity shares of AK Renewable Infra for an enterprise value of ₹792.5 million (~$9 million). Jaipur-based AK Renewable Infra has secured all development rights, including land, connectivity, and associated approvals, for a 300 MW solar project in Rajasthan.
In August, ACME Solar’s board of directors approved a plan to raise ₹30 billion (~$342.23 million) in one or more tranches by issuing equity shares or other equity-linked instruments and securities.
Last November, the company was among the winners of NTPC’s auction to supply 1,200 MW of FDRE from interstate transmission system-connected renewable energy projects. It quoted ₹4.70 (~$0.0557)/kWh to win a capacity of 400 MW.
ACME Solar Holdings was one of the top utility-scale solar project developers in India for 2024, according to Mercom’s India Solar Market Leaderboard 2025. Its yearly capacity additions comprised 11.5% of the country’s total, coming third behind Adani Green Energy with 17.6% and ReNew with 12%. Its high ranking was driven by 1.2 GW in installations in Jaisalmer, Rajasthan.
