ACME Solar Signs PPA with NHPC for 250 MW ISTS-Connected FDRE Project
ACME Solar Holdings has signed a 25-year PPA with NHPC for its 250 MW FDRE Tranche VI project, involving an INR 3,700 crore investment, ISTS connectivity, and firm supply obligations with over 60 percent expected CUF.
January 30, 2026. By Mrinmoy Dey
The PPA has been signed through ACME Solar’s subsidiary ACME Urja One on January 29, 2026, the company shared in a statement.
It further added that the project will be connected to ISTS substations, for which connectivity approvals are already in place. The current PPA has been signed with a minimum annual Capacity Utilisation Factor (CUF) of 40 percent and an obligation to meet 90 percent of peak power requirement for 4 hours daily on a monthly basis, it said.
ACME Solar will establish this FDRE project at a capex investment of approximately INR 3,700 crore. It is fast-tracking the project's construction and has already acquired nearly 40 percent of the land requirement. The expected CUF of this project is more than 60 percent, the company stated.
It further added that following this PPA, ACME Solar's total PPA-signed portfolio now stands at 5,630 MW, complemented by a firm pipeline of 2,140 MW, where LOAs have been awarded or are currently awaited.
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