ACME Solar signs 300 MW peak power PPA at ₹6 per unit

ACME Solar Holdings Limited (NSE: ACMESOLAR)

has signed a Power Purchase Agreement with Solar Energy Corporation of India (SECI) for a 300 MW assured peak power project. The tariff is fixed at ₹6.00 per unit. What happened: The project was won under the SECI FDRE-IX competitive bid. It supplies power for a 4-hour daily peak window, which works out to 1,200 MWh (1.2 GWh) a day. The input says this takes the company's PPA-signed battery storage capacity toward 15 GWh, though it does not give the exact current total. Why it matters: A fixed tariff with a central government counterparty means the price is known and payment risk is low for the contract term. FDRE means firm and dispatchable renewable energy, where storage lets a solar developer deliver power at set hours. My view: Here is the rough maths. 1,200 MWh is 12 lakh units. At ₹6.00, that is about ₹72 lakh of revenue a day. If every day were fully delivered, the ceiling is about ₹263 crore a year. This is my estimate, not a reported figure. Actual revenue will be lower if availability falls short of contract terms. The input also calls ₹6.00 a premium to plain solar tariffs, but gives no comparison number, so I cannot size that premium. Project cost and returns are not disclosed either. Risks: Delays in the battery storage and transmission build. Battery cell prices and the rupee before equipment is locked in. Grid curtailment outside peak hours. What I am watching next: Financial closure and debt tie-up for the 300 MW project. Commissioning and grid synchronisation in Rajasthan. Further PPAs from pending Letters of Award. Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations.