ACME Solar Signs PPA with SECI for 300 MW Sikar Project in Rajasthan

28 Jun 2025 CW Team

ACME Sikar Solar, a wholly owned subsidiary of ACME Solar Holdings, has executed a 25-year Power Purchase Agreement (PPA) with the Solar Energy Corporation of India (SECI) for 300 MW capacity in Rajasthan at a fixed tariff of Rs 3.05 per kWh. This achievement follows the commissioning of 300 MW capacity by ACME Sikar on June 23, 2025.

The said bid was won earlier under SECI ISTS XVIII Tranche, and the tariff was formally adopted by the Central Electricity Regulatory Commission (CERC) on 30th May 2025. As per the agreement, the project requires to supply power on or before June 30, 2025. The project also qualifies for Inter-State Transmission System (ISTS) charges waiver, as the Scheduled Commercial Operations Date (SCOD) falls before June 2025 deadline, aligning with the government incentives aimed at early operationalization of renewable energy projects.

With this milestone, ACME Solar’s PPA-signed portfolio stands at 5,130 MW of which 2,890 MW is already operational, and balance is under various stages of implementation. Additionally, the company has a firm pipeline of 1,840 MW for which Letter of Award (LOA) has been received. ACME Solar’s overall portfolio comprises 86 per cent offtake with central government enterprises and the rest 14 per cent with State discoms.

ACME Solar Holdings is a leading integrated renewable energy player with a diversified portfolio of c,S70 MW spanning solar, wind, FDRE and hybrid solutions. With this milestone, the operational capacity of ACME Solar stands at 2,8S0 MW with another 4,080 MW in various stages of implementation. With an in-house EPC and O&M division, the company does end- to-end development and O&M of the plants, thereby delivering projects in a time & cost-effective manner while ensuring best in class operating performance evident in its industry leading CUF and operating margins.

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