ACME Solar Holdings has secured a 50 MW Firm and Dispatchable Renewable Energy (FDRE) project from Tata Power-D under a tariff-based competitive bidding (TBCB) process, the company announced on Wednesday.

The project was awarded following an e-reverse auction held on 13 August 2025, as part of Tata Power-D’s 250 MW FDRE tender. ACME has received a Letter of Award (LoA) at a tariff of Rs 4.43 per unit for supplying firm and dispatchable power using renewable technologies.

Tata Power-D, a licensed electricity distribution company under Tata Power Company Ltd, floated the tender to procure reliable renewable energy that can meet peak demand requirements.

The project mandates a minimum annual Capacity Utilisation Factor (CUF) of 40 per cent and requires the supply of power during four hours of daily peak demand, with a monthly availability of 90 per cent.

To fulfil these obligations, ACME Solar will deploy a combination of renewable energy technologies, including solar power and Battery Energy Storage Systems (BESS). The project will be developed with a 25-year Power Purchase Agreement (PPA) and is expected to be commissioned within 24 months of signing the agreement.

ACME Solar Holdings is among India’s leading integrated renewable energy developers, with a diversified portfolio spanning solar, wind, hybrid, storage, and FDRE solutions, and an operational capacity of 2,890 MW.