ACME Solar signs 450 MW PPAs with SJVN for 25 years

The agreements, signed on 2 March 2026, are for a tenor of 25 years.

The PPAs were awarded under the Tranche-FDRE-4 tender issued as per Tariff-Based Competitive Bidding (TBCB) guidelines. An e-reverse auction was held on 9 October 2025, and the letter of award (LOA) was received on 10 November 2025.

The projects will be connected to ISTS substations and utilize night-time connectivity at high irradiation zones in Rajasthan. ACME Solar will supply four hours of assured peak power during non-solar hours with 90% availability on a monthly and annual basis.

With these PPAs, ACME Solar has signed 1,690 MW of agreements in the current financial year, taking its total PPA-signed capacity to 6,270 MW.

ACME Solar Holdings is a fully integrated renewable energy company in India with a diversified portfolio across solar, wind, storage, hybrid and Firm and Dispatchable Renewable Energy (FDRE) projects. The company's consolidated net profit rose 1.5% to Rs 113.71 crore on 42.3% jump in net sales to Rs 496.62 crore in Q3 FY26 over Q3 FY25. The counter shed 1.46% to Rs 226.50 on the BSE.

SJVN is principally engaged in electricity generation. The company is also engaged in the business of providing consultancy. The company reported a 50.6% jump in consolidated net profit to Rs 224.38 crore in Q3 FY26, compared with Rs 149.03 crore in Q3 FY25. The scrip shed 0.28% to Rs 70.29 on the BSE.

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