ACME Solar Share in Focus as Subsidiary Collaborates with NTPC on 400 MW Renewable Energy Project

Written by: Team Angel OneUpdated on: 30 Oct 2026, 4:10 pm IST

ACME Solar, through its subsidiary, signs a 400 MW Power Purchase Agreement with NTPC at a tariff of ₹4.37 per unit, enhancing India's renewable capacity.

On October 30, 2026, ACME Solar Holdings Limited announced a new partnership aimed at boosting India's renewable energy capacity.

The company, through its subsidiary ACME Marigold Urja Private Limited, has signed a Power Purchase Agreement with NTPC Limited for a 400 MW project connected to the Inter-State Transmission System, as per the exchange filings.

Details of the Power Agreement

The agreement between ACME Solar and NTPC operates under NTPC's FDRE-01 tranche with a fixed tariff of ₹4.37 per unit. This pricing structure has been formally adopted by the Central Electricity Regulatory Commission.

The project is set to connect to the Raghanesda substation, with final connectivity approvals already secured.

Project Infrastructure and Development

ACME Solar has secured a lease for over 800 acres of land to construct the facility. The development of the plant is on track for scheduled commissioning according to agreed timelines.

The facility will integrate renewable energy generation with advanced storage systems to ensure a reliable electricity supply throughout the day, covering peak demand hours.

Operational Parameters and Capacity

The project guarantees a minimum annual Capacity Utilisation Factor of 40% and must meet 90% of peak power requirements for 4.5 hours daily during morning and evening peaks. This ensures a consistent and dependable power supply.

Portfolio Growth and Capacity

Following this agreement, ACME Solar's under-construction, contractually locked portfolio stands at 4,710 MW, contributing to a total under-construction capacity of 5,380 MW.

The company's complete diversified portfolio spans 8,370 MW across multiple clean energy technologies, including an active operational capacity of approximately 3,123 MW.

As of October 30, 2026, at 10:12 AM, ACME Solar share price on NSE was trading at ₹410.75 down by 1.21% from the previous closing price.

Conclusion

ACME Solar's partnership with NTPC for a 400 MW project at a tariff of ₹4.37 per unit enhances its portfolio to 4,710 MW under construction, contributing to a total capacity of 5,380 MW and an operational capacity of 3,123 MW.

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Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Published on: Oct 30, 2026, 10:40 AM IST

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