New Delhi, January 28, 2025 – ACME Solar Holdings Limited, a leader in renewable energy, has signed a Power Purchase Agreement (PPA) with NHPC Limited for a 680 MW Firm & Dispatchable Renewable Energy (FDRE) project. This marks a significant step in ACME Solar's efforts to accelerate India's transition to clean energy.
Project Highlights
- Capacity: 680 MW under the FDRE tender of 1400 MW issued by NHPC.
- Technology: Integrates solar, wind, and battery storage solutions to ensure efficiency and sustainability.
- Locations: The project will span Gujarat, Madhya Pradesh, Karnataka, and Rajasthan.
- Performance Guarantees:
- Minimum annual Capacity Utilization Factor (CUF) of 40%.
- 90% delivery of promised energy during peak hours.
Impact on Clean Energy Goals
This innovative hybrid project is expected to contribute significantly to reducing greenhouse gas emissions while setting new benchmarks for hybrid renewable energy systems.ACME Solar's Managing Director commented:
"This agreement reinforces our commitment to India's clean energy transition, combining cutting-edge technology with sustainable practices to drive long-term impact."
ACME Solar's Leadership
- Operational Capacity: 2,540 MW.
- Under Construction: 4,430 MW.
- Portfolio: Solar, wind, hybrid, and FDRE projects.
