ACME Solar Share Price in Focus; Receives LOA for 220 MW Solar with BESS Project at Morena Solar Park

ACME Solar Holdings Limited has received a Letter of Award from Rewa Ultra Mega Solar Limited for setting up a 220 MW solar project integrated with a Battery Energy Storage System at Morena Solar Park in Madhya Pradesh. 

Letter of Award Details 

The Letter of Award was issued under Regulation 30 of the SEBI Listing Regulations. The award confirms ACME Solar Holdings Limited as the selected entity for developing a 220 MW solar with the Battery Energy Storage System project at Morena Solar Park. The disclosure was made on February 10, 2026, and the contract is categorised as domestic. 

Project Size and Commercial Terms 

The project forms part of a 440 MW tender floated by Rewa Ultra Mega Solar Limited through tariff based competitive bidding.  

ACME Solar has been allocated 220 MW under Unit II of the tender at a tariff of ₹2.764 per unit. The scheduled commercial operation date is December 31, 2027, and the project tenure is set at 25 years from the signing of the Power Purchase Agreement. 

Read More: ACME Solar Share Price in Focus; Secures 301 MW Assured Peak Supply Under SECI Tender! 

Operational and Supply Requirements 

The project includes a Battery Energy Storage System to support peak power supply obligations.  

It specifies a maximum annual capacity utilisation factor of 35% and requires 4 hours of daily peak supply, split into 2 hours each during morning and evening periods. Annual availability has been defined at 95%. 

Infrastructure and Regulatory Framework 

Land and evacuation infrastructure above 33 kV will be provided by Rewa Ultra Mega Solar Limited as part of the solar park facilities.  

The project will comply with Approved List of Models and Manufacturers List I norms and incorporates reduced GST benefits as defined under the tender conditions.  

Power Purchase Agreements will be executed with Madhya Pradesh Power Management Company Limited and Rewa Ultra Mega Solar Limited. 

ACME Solar Share Price Performance 

As of February 10, 2026, at 9:44 AM, ACME Solar share price on NSE was trading at ₹231.28 up by 1.43% from the previous closing price. 

Conclusion 

The Letter of Award for the 220 MW solar with Battery Energy Storage System project outlines the scope, capacity, tariff structure, and operational framework agreed between ACME Solar Holdings Limited and Rewa Ultra Mega Solar Limited. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or 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.