Through its subsidiary ACME Urja One, ACME Solar Holdings has signed a 25-year Power Purchase Agreement (PPA) with the Solar Energy Corporation of India (SECI) for a 190 MW wind-solar hybrid project. The deal was signed on February 18, 2026, and its goal is to provide renewable energy with guaranteed peak output to make the grid more stable.
Project Overview and Capacity
The PPA covers the first 190 MW of a larger 380 MW capacity allocation awarded earlier to ACME Solar. The project integrates wind and solar generation and includes a Battery Energy Storage System (BESS) to ensure reliability and balance output. Under the PPA, the company has committed to meeting a minimum annual Capacity Utilisation Factor (CUF) of 50 percent and supplying 80 percent of peak power requirements daily.
The tariff for the power supplied under this agreement has been fixed at ₹4.72 per unit, and the price has been officially adopted by the Central Electricity Regulatory Commission (CERC). The relevant State Electricity Regulatory Commission has approved the associated power procurement plan.
Timeline and Connectivity
All of the main project’s connectivity needs have been met, including those for solar, wind, and BESS parts. The project’s Scheduled Commercial Operation Date (SCOD) is February 27, 2028, which is in line with the PPA’s plans for building and transmitting the project.
Financing and Portfolio Growth
The hybrid project has already been financed through the Power Finance Corporation (PFC) under ACME Solar’s Phase II sanctioned portfolio. With the signing of this PPA, ACME Solar’s total PPA-signed capacity now stands at 5,820 MW, including 1,240 MW of agreements signed in the current financial year alone.
ACME Solar is one of India’s top integrated renewable energy developers. It is still growing in solar, wind, storage, and hybrid technologies. The company’s growing portfolio shows that more money is being put into India’s renewable energy sector and more capacity is being built, which helps India reach its clean energy goals.
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