ACME Solar Holdings Limited has announced the signing of power purchase agreements (PPAs) for a 450 MW / 1800 MWh Inter-State Transmission System (ISTS) connected assured peak power project.
The development forms part of the company’s renewable energy portfolio and supports its ongoing efforts to expand power generation capacity through projects designed to supply electricity during peak demand periods.
ACME Solar confirmed that it has executed power purchase agreements for a project with a capacity of 450 MW and 1800 MWh. The project will be connected through the Inter-State Transmission System (ISTS), allowing electricity generated to be transmitted across state boundaries.
Assured peak power projects are designed to deliver electricity during high demand periods, helping improve grid reliability and energy availability.
Peak power supply projects are intended to support electricity demand during periods when consumption is typically higher. These projects often combine renewable generation with energy storage or scheduling mechanisms to ensure power availability during specific time windows.
Such projects are increasingly being integrated into India’s energy mix as the country expands renewable energy capacity while maintaining grid stability.
The project forms part of ACME Solar’s broader strategy to increase its renewable energy footprint in India. The company has been involved in developing solar and hybrid power projects connected to the national transmission network.
By signing PPAs for new capacity, the company moves closer to commissioning projects that contribute to long-term power supply agreements with electricity buyers.
Shares of ACME Solar Holdings Limited were trading at ₹241.27 on the National Stock Exchange as of 12 March 2026 at around 11:13 AM, reflecting an increase of ₹11.03 (4.79%) compared with the previous close of ₹230.24.
The signing of PPAs for the 450 MW ISTS-connected assured peak power project represents a step in ACME Solar’s project development pipeline. With agreements in place, the project contributes to the company’s efforts to expand renewable energy capacity while supporting power availability during peak demand periods.
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Published on: Mar 12, 2026, 1:40 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.
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