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ACME Solar Unit Signs 300 MW Hybrid Power Purchase Agreement

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ACME Solar Holdings (NSE:ACMESOLAR, BOM:544283) said its wholly owned subsidiary, ACME Renewtech Fifth, has signed a power purchase agreement with Solar Energy Corp. of India Ltd. for a 300 MW wind-solar hybrid project.

The project was awarded under Hybrid Tranche IX at a tariff of 3.25 rupees per unit, according to an Indian bourse filing on Tuesday.

The power purchase agreement has a tenure of 25 years from the scheduled commencement of supply date. The project is scheduled to begin supplying power on June 30, 2028.

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