ACME Solar Holdings Limited has announced that its wholly owned subsidiary has entered into a power purchase agreement for a hybrid renewable energy project in India.
The development reflects continued activity in the country’s renewable energy expansion, particularly in hybrid power solutions designed to provide stable electricity supply during peak demand periods.
Market participants are also tracking the company’s stock movement following the disclosure.
ACME Urja One Private Limited, a wholly owned subsidiary of ACME Solar Holdings Limited, has executed a Power Purchase Agreement (PPA) with SECI Limited for the development of a 190 MW hybrid power project.
The agreement includes provisions for assured peak power supply, indicating that the project will be structured to deliver electricity during high demand periods.
The company disclosed the development under Regulation 30 of the SEBI Listing Regulations as a voluntary disclosure.
Hybrid power projects combine multiple renewable energy sources, typically solar and wind, along with energy management solutions to improve supply reliability.
Such projects are designed to reduce intermittency associated with individual renewable sources and enable more consistent power delivery.
The inclusion of assured peak supply suggests the project will focus on optimised generation scheduling, helping utilities meet demand during critical consumption windows.
SECI Limited plays a central role in implementing renewable energy programmes in India by facilitating long-term power procurement and supporting large-scale clean energy deployment.
Through PPAs, SECI enables renewable energy developers to secure predictable revenue streams while contributing to national renewable capacity targets. Agreements of this nature form part of broader efforts to strengthen grid stability through diversified renewable generation.
For ACME Solar Holdings, the agreement adds to its project pipeline and reinforces its participation in hybrid renewable infrastructure. Hybrid projects are increasingly gaining attention as policymakers and utilities seek solutions that balance sustainability objectives with dependable electricity supply.
The project is expected to support the company’s operational expansion within India’s renewable energy ecosystem while aligning with evolving procurement models favouring dispatchable renewable capacity.
Shares of ACME Solar Holdings Limited were trading at ₹231.30 as of 2:57 PM on February 19, 2026, up ₹0.37 or 0.16% from the previous close of ₹230.93. The stock opened at ₹233.05 and recorded an intraday high of ₹235.63 and a low of ₹227.00, reflecting moderate price movement during the trading session.
Read More: TCS Share Price in Focus as Tata Group and OpenAI Announce Strategic AI Partnership.
The signing of a 190 MW hybrid power PPA with SECI marks another step in ACME Solar’s renewable energy development activities. The project highlights the growing role of hybrid generation models in supporting reliable clean energy supply.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Feb 19, 2026, 3:03 PM IST
Neha Dubey
Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.
Know MoreWe're Live on WhatsApp! Join our channel for market insights & updates
Get the link to download the App
