ACME Solar Holdings Limited has announced that it has received a Letter of Award (LoA) for a 50 MW Firm and Dispatchable Renewable Energy (FDRE) project. The project was awarded under a 250 MW FDRE tender floated by Tata Power Company Limited (Tata Power-D), which is a licensed electricity distribution company and part of Tata Power.
The project has been secured at a tariff of ₹4.43 per unit. According to the exchange filings, “ACME Solar Holdings Ltd has been awarded an LOA for a 50 MW Firm and Dispatchable Renewable Energy (‘FDRE’) project at a tariff of ₹4.43/unit in a 250 MW FDRE tender floated by Tata Power Company Limited (Tata Power-D).”
The FDRE tender was carried out under tariff-based competitive bidding guidelines, and the final allocation was decided through an e-reverse auction held on August 13, 2025. This win marks another significant step for ACME Solar in strengthening its renewable energy portfolio and maintaining its presence in the competitive Indian energy market.
The awarded project comes with specific performance obligations to ensure reliability and efficiency. As per the terms, the project must achieve a minimum annual Capacity Utilisation Factor (CUF) of 40%. Additionally, it must guarantee four hours of peak-hour supply with a monthly availability of 90%. These obligations are designed to ensure that the power supplied remains consistent and dependable throughout the year.
To meet these requirements, the project will deploy a combination of renewable technologies, specifically solar power integrated with a Battery Energy Storage System (BESS). This hybrid model is intended to provide firm and dispatchable power, aligning with the 25-year Power Purchase Agreement (PPA) tenure. The project has a commissioning timeline of 24 months from the signing of the PPA, giving ACME Solar a clear operational target.
ACME Solar is recognised as a leading integrated renewable energy company with a diversified portfolio covering solar, wind, storage, FDRE, and hybrid projects. The company currently has an operational capacity of 2,890 MW. With an in-house Engineering, Procurement and Construction (EPC) division, as well as dedicated Operations and Maintenance (O&M) capabilities, ACME ensures end-to-end project execution.
Read More: ACME Solar Holdings Posts Strong Q1 FY26 Results!
As of September 3, 2025, at 2:02 PM ACME Solar Holdings share price is trading at ₹294.95 per share, reflecting a surge of 2.70% from the previous day's closing price. Over the past month, the stock has surged by 7.21%. The stock's 52-week high stands at ₹309.85 per share, while its low is ₹167.75 per share.
ACME Solar’s latest LoA from Tata Power-D reinforces its leadership in renewable energy by combining solar and storage to ensure a reliable supply. With strict performance obligations, a 25-year PPA, and a 24-month commissioning timeline, the project highlights ACME’s commitment to sustainable, dependable, and cost-effective power solutions for India’s evolving energy needs.
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Published on: Sep 3, 2025, 2:08 PM IST
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