ACME Solar Share Price in Focus; Subsidiary Signs 25 Year PPA with NHPC for 250 MW FDRE Project

ACME Solar Holdings Limited, through its subsidiary ACME Urja One Private Limited, has entered a long‑term Power Purchase Agreement (PPA) with NHPC Limited to develop a 250 MW firm and dispatchable renewable energy (FDRE) project connected to ISTS substations. 

Key Terms of the 25 Year PPA 

The agreement, signed on January 29, 2026, requires a minimum annual capacity utilisation factor of 40% and obliges the supplier to meet 90% of peak power demand for four hours each day on a monthly basis. The expected capacity utilisation factor exceeds 60%. 

Investment and Project Progress 

ACME Solar will invest approximately ₹3,700 crore to establish the FDRE project. Land acquisition is underway with about 40% of the required area already secured. The project will be linked to existing ISTS substations, for which connectivity approvals are in place. 

Read More: NTPC Declares COD for 130.47 MW Khavda-I Solar Project in Gujarat! 

Impact on ACME Solar’s Portfolio 

Following this agreement, ACME Solar’s total signed PPA portfolio reaches 5,630 MW. The company also maintains a pipeline of 2,140 MW where letters of award have been issued or are pending.  

Current operational contracted capacity stands at 2,962 MW, with under‑construction capacity of 4,808 MW, including roughly 16 GWh of battery energy storage systems. 

Company Overview 

ACME Solar Holdings Limited is an integrated renewable energy player with assets across solar, wind, storage, FDRE and hybrid solutions. It operates an in‑house EPC and O&M division, enabling end‑to‑end development and management of its projects. 

ACME Solar Share Price Performance  

As of January 30, 2026, at 9:20 AM, ACME Solar share price on NSE was trading at ₹213.44 down by 0.42% from the previous closing price. 

Conclusion 

The 25-year PPA with NHPC adds a 250 MW FDRE project to ACME Solar’s growing portfolio, reflecting continued investment in renewable infrastructure and an expanding pipeline of contracted capacity. 

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