ACME Solar Secures 301 MW FDRE Project From SECI
POWER & RENEWABLE ENERGY

ACME Solar Secures 301 MW FDRE Project From SECI

ACME Solar has secured a 301 megawatt (MW) and 1,204 megawatt hour (MWh) firm and dispatchable renewable energy project from the Solar Energy Corporation of India in an e-reverse auction held on Thursday, February five, 2026. The firm and dispatchable renewable energy project combines advanced solar and wind generation with Battery Energy Storage Systems (BESS) to enable reliable energy dispatch during peak demand and non-solar hours. The company said the award was part of the SECI FDRE-VII round and that a formal Letter of Award is expected to be signed soon.

The winning bid requires the supply of four MWh per MW of contracted capacity for any four hours each day during non-solar hours while ensuring availability of 70 per cent on a monthly basis and 85 per cent on an annual basis. The structure obliges the developer to provide assured peak supply and supports grid stability by delivering energy when solar output is not available. Project operation will therefore be designed to meet dispatch obligations and availability metrics stipulated by SECI.

Following the award ACME Solar's diversified portfolio reaches 8,071 MW of contracted capacity across solar, wind, storage, hybrid, FDRE and round the clock solutions. The scale of the portfolio reflects ongoing additions of storage and hybrid assets which are intended to strengthen the company's ability to provide firm power products. The company's integrated approach seeks to address peak demand and support renewable integration at scale.

ICRA Limited has assigned an AA-/Stable credit rating to ACME Sikar Solar Pvt Ltd for Rs 12,090 million (mn) of long-term debt, a development expected to underpin financing for the project pipeline. The award and the rating together are positioned to reinforce ACME Solar's capacity to deliver assured peak supply to the grid.

ACME Solar has secured a 301 megawatt (MW) and 1,204 megawatt hour (MWh) firm and dispatchable renewable energy project from the Solar Energy Corporation of India in an e-reverse auction held on Thursday, February five, 2026. The firm and dispatchable renewable energy project combines advanced solar and wind generation with Battery Energy Storage Systems (BESS) to enable reliable energy dispatch during peak demand and non-solar hours. The company said the award was part of the SECI FDRE-VII round and that a formal Letter of Award is expected to be signed soon. The winning bid requires the supply of four MWh per MW of contracted capacity for any four hours each day during non-solar hours while ensuring availability of 70 per cent on a monthly basis and 85 per cent on an annual basis. The structure obliges the developer to provide assured peak supply and supports grid stability by delivering energy when solar output is not available. Project operation will therefore be designed to meet dispatch obligations and availability metrics stipulated by SECI. Following the award ACME Solar's diversified portfolio reaches 8,071 MW of contracted capacity across solar, wind, storage, hybrid, FDRE and round the clock solutions. The scale of the portfolio reflects ongoing additions of storage and hybrid assets which are intended to strengthen the company's ability to provide firm power products. The company's integrated approach seeks to address peak demand and support renewable integration at scale. ICRA Limited has assigned an AA-/Stable credit rating to ACME Sikar Solar Pvt Ltd for Rs 12,090 million (mn) of long-term debt, a development expected to underpin financing for the project pipeline. The award and the rating together are positioned to reinforce ACME Solar's capacity to deliver assured peak supply to the grid.

Next Story
Technology

Dhoot Partners RideVision For ADAS Solutions

Dhoot Transmission has partnered with Israel-based RideVision to introduce Advanced Driver Assistance Systems (ADAS) solutions in India, marking its entry into intelligent mobility and automotive safety technologies.The collaboration will bring globally proven ADAS technologies to India, customised for local road conditions and mobility needs. It will strengthen Dhoot Transmission’s existing electronics portfolio and support its long-term focus on next-generation automotive electronics.Naveen Kumar, CEO – India, Wiring Harness and Electronics, Dhoot Transmission, said the partnership combi..

Next Story
Real Estate

Dash Square Adds Ashley Study Furniture

Dash Square has expanded its furniture portfolio with a curated study furniture collection from Ashley Furniture Homestore. The range is designed for contemporary homes where work, study and creative activities increasingly require dedicated and well-planned spaces.The collection includes writing desks, executive workstations, storage-led study units and display shelving. It combines practicality, comfort and design to create workspaces that are functional as well as visually appealing.One setting features a light-toned desk with coordinated bookcases and storage cabinets, creating a bright an..

Next Story
Real Estate

Suraj Estate Arm Acquires Mahim Land Rights

Suraj Estate Developers, through its wholly owned subsidiary Iconic Property Developers, has signed an MoU to acquire development rights for a land parcel in Mahim (West), Mumbai, for Rs 75 crore. The plot measures around 2,941 sq m and is located next to the company’s ongoing commercial project, Suraj One Business Bay.After amalgamation with the existing commercial development, the land is expected to generate additional saleable carpet area of around 1.50 lakh sq ft, with an estimated gross development value of Rs 800 crore. The project is expected to strengthen the company’s near-to-med..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement