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Notably, this project includes a greenshoe option that could potentially expand the total capacity of this project from the initial 250 MW to 500 MW. With this latest win, Acme Solar’s total capacity now stands at 6,970 MW.
The auction, titled ‘Supply of 1200 MW FDRE (Assured Peak Power Supply) from ISTS-Connected Renewable Energy Power Projects Coupled with ESS (Tranche VI),’ aims to procure 1,200 MW of renewable energy integrated with energy storage systems (ESS) across India.
Also Read: ACME Solar disappoints at stock market debut; shares list at 13% discount
The project will deliver four hours of peak supply, requiring a blend of solar, wind, and battery technologies, ensuring a reliable and stable energy supply during periods of high demand.
Nikhil Dhingra, CEO of ACME Solar Holdings, said, “This win takes our overall portfolio to 7 GW and committed portfolio of long-term power supply with NHPC to 930 MW. Out of this 930 MW, our existing 680 MW, 4 hours peak FRDE committed capacity with NHPC is expected to be converted to PPA shortly given NHPC has signed 1280 MW PSA recently with Uttar Pradesh.”
Also Read: Reliance Power arm wins 930 MW solar project with battery storage from SECI
Shares of ACME Solar Holdings ended at ₹268.10, down by ₹2.95, or 1.09%, on the BSE.
(Edited by : Shoma Bhattacharjee)
