ACME Solar Holdings Limited has signed a long-term Power Purchase Agreement with NHPC Limited for a 250 MW Firm and Dispatchable Renewable Energy project. The agreement was signed on January 29, 2026, through ACME Solar’s subsidiary, ACME Urja One Private Limited. The PPA is valid for 25 years and comes under FDRE Tranche VI. NHPC Limited is a central government enterprise and carries a AAA credit rating, which adds strong counterparty security to the project.

The project will be connected to Inter-State Transmission System substations, and all required transmission and grid connectivity approvals have already been secured. As per the agreement, the project must achieve a minimum annual Capacity Utilization Factor of 40 percent. In addition, ACME Solar is required to supply 90 percent of peak power demand for four hours every day on a monthly basis. While the minimum CUF requirement is fixed at 40 percent, the company has stated that it expects the actual CUF to be more than 60 percent, indicating a strong generation profile supported by a mix of renewable sources and storage.

ACME Solar plans to invest around Rs 3,700 crore to develop this FDRE project. Construction activities are being fast-tracked, and the company has already secured nearly 40 percent of the land required for the project. The company is working to ensure timely execution so that the project can meet its contractual obligations efficiently.

With the signing of this PPA, ACME Solar’s total PPA-signed portfolio has increased to 5,630 MW. In addition to this, the company has a development pipeline of 2,140 MW, where Letters of Award have either been received or are under process. This strengthens ACME Solar’s position as a major player in India’s renewable energy market.

ACME Solar operates as an integrated renewable energy company with interests across solar, wind, hybrid projects, energy storage, and firm renewable solutions. The company currently has an operational contracted capacity of 2,962 MW. It also has 4,808 MW of contracted capacity under construction, which includes around 16 GWh of battery energy storage systems.

The company uses its own in-house EPC and O&M teams, allowing it to manage projects from development to operations. According to the company, this integrated approach helps in completing projects on time, controlling costs, and maintaining strong operating margins. The disclosure was voluntarily submitted to the stock exchanges by the Company Secretary and Compliance Officer, Rajesh Sodhi.

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