ACME Solar Holdings Ltd has secured a landmark contract in India’s evolving renewable energy sector. The company has been awarded a 450 MW capacity under the FDRE-IV tender issued by SJVN Limited, corresponding to 1,800 MWh assured energy supply (450 MW × 4 hours) each day during peak demand periods.
The award was achieved at a tariff of ₹6.75 per kWh for a tenure of 25 years.
The tender process followed Tariff-Based Competitive Bidding (TBCB) guidelines and an e-reverse auction held on October 9, 2025, with the Letter of Award (LoA) issued on November 10, 2025. Under the terms of the contract, ACME Solar will deliver 4 MWh of energy per MW of installed capacity during any four-hour daily window within the peak demand period, maintaining a minimum availability of 90% on a monthly basis.
To meet the supply obligation, ACME Solar plans to integrate approximately 300 MW of solar generation capacity with a Battery Energy Storage System (BESS) of around 1,800 MWh. The project is expected to leverage ACME’s night-time connectivity in high‐irradiation zones in Rajasthan, thereby optimising transmission utilisation and project economics.
Notably, this will be ACME Solar’s first project utilising Indian-made solar cells listed under the ALMM List-II, aligning with the government’s push for domestic manufacturing in the renewable & storage ecosystem.
ACME Solar’s Chief Commercial Officer, Mr. Rahula Kashyapa, commented:
“Securing the SJVN FDRE-IV project with peak-power delivery effectively utilises our night-time transmission capacity, enabling early revenue realisation. This is the lowest price achieved in a pure peak-power tender so far.”
The contract win underscores ACME Solar’s growing strength in the firm-and-dispatchable renewable energy (FDRE) segment — a critical component of India’s shift from purely intermittent renewable generation to grid-flexible, round-the-clock clean power supply. The project will significantly bolster the company’s portfolio in solar, storage and hybrid energy solutions.
Electrify your feed! Click here to join our Whatsapp group and to get the latest updates, expert insights, and innovations driving India’s energy storage revolution.
