ACME Solar, NHPC Ink Rs 3,700 Cr FDRE Project Power Purchase Pact

• ACME Solar Holdings signed a power purchase agreement (PPA) with state-owned NHPC for a 250 MW firm and dispatchable renewable energy (FDRE) project.
• The FDRE project integrates solar, wind, and battery energy storage systems (BESS) for reliable energy dispatch during peak demand.
• The PPA was signed through ACME Solar's subsidiary, ACME Urja One Private Limited.
• ACME Solar will invest approximately Rs 3,700 crore in the project and has already acquired nearly 40% of the required land.
• This agreement brings ACME Solar's total PPA-signed portfolio to 5,630 MW, with an additional 2,140 MW in the pipeline.

Why It Matters: ACME Solar and NHPC partnered for a significant Rs 3,700 crore renewable energy project, boosting ACME's portfolio.