ACME Solar Signs ₹4.56/kWh PPA with NHPC for 250 MW Renewable Project in Rajasthan

On June 20, 2025, ACME Solar Holdings Ltd announced the signing of a 25-year Power Purchase Agreement (PPA) with NHPC Limited for a 250 MW Firm and Dispatchable Renewable Energy (FDRE) project in Rajasthan. NHPC is a central government-owned enterprise with a top AAA credit rating.

Tariff and Project Details

The tariff for this agreement is fixed at ₹4.56 per kWh. The project will maintain a minimum annual Capacity Utilisation Factor (CUF) of 40% and meet 90% of the daily peak power demand for 4 hours. The plant will use a mix of solar, wind, and battery storage technologies and connect to an already approved ISTS substation.

Regulatory Approval

The Central Electricity Regulatory Commission (CERC) has approved the tariff under Section 63 of the Electricity Act, 2003, through Petition No. 87/AT/2025 filed by NHPC.

Strengthening ACME’s Portfolio

With this PPA, ACME Solar’s total contracted capacity rises to 5,130 MW, of which 2,826.2 MW is already operational. The remaining capacity is under various stages of development. ACME also holds Letters of Award (LoAs) for an additional 1,840 MW.

Notably, 86% of ACME's energy supply agreements are with central government entities, while 14% are with state discoms.

About ACME Solar

ACME Solar is a top renewable energy company in India with a 6,970 MW portfolio, including solar, wind, FDRE, and hybrid energy. The company manages everything in-house—from engineering and construction to operations and maintenance—ensuring timely, cost-efficient, and high-performance energy solutions.

Acme Solar Holdings Share Price Movement

As of June 20, 2025, Acme Solar Holdings share price closed at ₹247.95, up 0.87% for the day. The stock opened at ₹245.00 and touched a high of ₹252.00 and a low of ₹241.50 during the session. It has a market capitalisation of ₹15,000 crore, a P/E ratio of 54.74, and a dividend yield of 0.081%. The stock's 52-week high is ₹292.40, and the 52-week low is ₹167.75. The quarterly dividend amount is ₹0.050 per share.

Read More: Adani Power Shares in Focus as NCLT Approves ₹4,000 Crore Acquisition of Vidarbha Industries Power.

Conclusion

The latest PPA with NHPC reinforces ACME Solar’s leadership in the renewable sector, highlighting its commitment to providing reliable, clean energy and expanding India’s green power infrastructure.

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