ACME Solar Secures Government-Backed Project for Sustainable Renewable Energy

Key Takeaways

ACME Solar has won a 301 MW/1,204 MWh renewable energy project from SECI through an e-reverse auction.
The project integrates solar, wind, and Battery Energy Storage for reliable energy supply during peak demand.
ACME Solar’s total contracted capacity now reaches 8,071 MW across various renewable energy solutions.

Project Overview

ACME Solar has recently announced the acquisition of a significant renewable energy project from the Solar Energy Corporation of India (SECI). The project focuses on a Firm and Dispatchable Renewable Energy (FDRE) system, which combines solar, wind, and Battery Energy Storage Systems (BESS) to ensure reliable power delivery. This innovative approach allows for consistent energy dispatch, particularly during peak demand periods when traditional sources may fall short.

In an e-reverse auction held on February 5, 2026, ACME Solar secured a capacity of 301 megawatts (MW) coupled with a storage capacity of 1,204 megawatt hours (MWh). The terms stipulate that the project must deliver 4 MWh of power per MW contracted, specifically targeting non-solar hours throughout the day. Furthermore, the project guarantees an energy availability rate of 70% on a monthly basis and 85% annually.

The formal Letter of Award from SECI is anticipated to be finalized shortly, marking a significant step forward in ACME Solar’s operational portfolio. Following this victory, the company’s total contracted capacity rises to an impressive 8,071 MW, encompassing a diverse range of renewable energy solutions including solar, wind, hybrid systems, and round-the-clock (RTC) offerings.

Credit Rating Update

In addition to this project milestone, ACME Solar also announced that ICRA Limited has assigned an AA-/Stable credit rating to ACME Sikar Solar Pvt Ltd for its long-term debt of Rs 1,209 crore. This rating enhances investor confidence and reflects the company’s strong financial standing within the renewable energy sector.

Overall, ACME Solar’s recent achievements highlight its commitment to expanding its renewable energy footprint and delivering sustainable energy solutions for the future.

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