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ACME Solar has won a 301 MW firm and dispatchable renewable energy project from SECI under the FDRE-VII tender. The project integrates solar, wind and battery storage to ensure reliable power supply during non-solar hours, with defined monthly and annual availability requirements. Awarded through an e-reverse auction earlier this week, the project is awaiting a formal Letter of Award. Following this win, ACME Solar's total contracted capacity has reached 8,071 MW across multiple renewable and round-the-clock power segments. ICRA has also assigned an AA-/Stable rating to its Sikar unit's INR 1,209 crore debt.
ACME Solar has secured a 301 MW firm and dispatchable renewable energy project from the Solar Energy Corporation of India (SECI), strengthening its position in India's assured clean power segment. The project, awarded under SECI's FDRE-VII tender, is designed to deliver reliable electricity during peak demand periods when solar generation is not available. Advertisement
Firm and Dispatchable Renewable Energy projects combine solar, wind and Battery Energy Storage Systems to ensure scheduled power supply. Under the terms of the awarded capacity, ACME Solar will supply 4 MWh per MW of contracted capacity for any four hours each day during non-solar hours. The project also carries strict performance requirements, including a minimum availability of 70 per cent on a monthly basis and 85 per cent annually.
The company secured the project through an e-reverse auction conducted earlier this week. The formal Letter of Award from SECI is expected to be executed shortly, following which project implementation timelines will be finalised.
With this addition, ACME Solar's total contracted portfolio has reached 8,071 MW, covering solar, wind, storage, hybrid, firm and dispatchable renewable energy, and round-the-clock power solutions. The company has been gradually expanding beyond conventional solar projects as utilities increasingly seek assured renewable supply to support grid stability.
Separately, ACME Solar informed that ICRA Limited has assigned an AA- with a stable outlook rating to ACME Sikar Solar Pvt Ltd for its long-term debt of INR 1,209 crore. The rating reflects the subsidiary's project structure and cash flow visibility within the group's operating framework.
Source PTI
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