ACME Solar Wins 301 MW SECI Project, Portfolio Hits 8,071 MW

ACME Solar Secures Major Renewable Energy Project

ACME Solar Holdings has successfully secured a significant Firm and Dispatchable Renewable Energy (FDRE) project from the state-owned Solar Energy Corporation of India (SECI). The company won the 301 megawatt (MW) / 1,204 megawatt-hour (MWh) project in an e-reverse auction conducted on Thursday, February 5, 2026. This win marks a strategic expansion of ACME's capabilities in complex, high-reliability renewable energy solutions and significantly boosts its overall portfolio. The formal Letter of Award from SECI is expected to be signed shortly, solidifying the agreement.

Understanding the Project's Technical Requirements

The project, designated as SECI FDRE-VII, is designed to provide assured peak power supply, addressing one of the key challenges of renewable energy-grid integration. The terms of the bid mandate the supply of 4 MWh of energy for every MW of contracted capacity. This supply must be delivered daily during a four-hour window in non-solar hours, typically when energy demand is high and solar generation is unavailable. To ensure grid stability, the project must maintain a high level of reliability, with a minimum availability of 70% on a monthly basis and 85% on an annual basis. To meet these stringent requirements, ACME Solar will integrate advanced solar power generation with a large-scale Battery Energy Storage System (BESS).

Impact on ACME Solar's Growing Portfolio

This latest win increases ACME Solar's total diversified portfolio to a contracted capacity of 8,071 MW. This portfolio includes a wide range of technologies such as solar, wind, hybrid systems, battery storage, and Round-The-Clock (RTC) solutions. The company currently has an operational capacity of 2,962 MW, with another 5,109 MW of projects under various stages of construction. This victory reinforces ACME's position as one of India's leading independent power producers (IPPs) and highlights its focus on developing sophisticated energy solutions that support the national grid.

The Significance of Firm and Dispatchable Power

Firm and Dispatchable Renewable Energy (FDRE) projects represent the next evolution in clean energy. Unlike traditional solar or wind farms that generate power intermittently, FDRE projects combine generation sources with energy storage to deliver a consistent and reliable power output, much like conventional thermal power plants. By storing excess energy generated during sunny or windy periods and dispatching it during peak demand or when generation is low, these projects help stabilize the grid, reduce reliance on fossil fuels for peak load management, and accelerate the transition to a fully renewable energy system.

Financial Strength and Investor Confidence

In a related development that underscores the company's financial stability, credit rating agency ICRA Limited has assigned an 'AA-/Stable' rating to ACME Sikar Solar Pvt Ltd (ASSPL), a subsidiary of ACME Solar. The rating applies to a long-term debt facility of Rs 1,209 crore. This strong credit rating reflects the company's robust operational performance, experienced management, and the sound financial structure of its projects. It enhances ACME's ability to secure competitive financing for its large pipeline of projects under construction, which is crucial for capital-intensive infrastructure development. The company has demonstrated a strong track record of securing funding, having raised approximately ₹105.9 billion in greenfield financing in the current financial year.

A Pattern of Strategic Growth

The victory in the SECI FDRE-VII auction is part of a broader pattern of strategic expansion for ACME Solar. Over the past year, the company has secured multiple high-value projects and financing agreements. This includes winning a 450 MW SJVN FDRE project, signing a 25-year Power Purchase Agreement (PPA) with SECI for a 200 MW solar-plus-storage project, and securing over ₹47 billion in financing from institutions like Power Finance Corporation (PFC) and Yes Bank. These milestones demonstrate ACME's integrated capabilities, from in-house Engineering, Procurement, and Construction (EPC) to Operations and Maintenance (O&M), which allow for cost-effective and timely project execution.

Conclusion: A Step Towards a Stable Green Grid

ACME Solar's successful bid for the 301 MW FDRE project is a significant achievement that aligns with India's long-term energy security and sustainability goals. By developing projects that provide reliable, on-demand renewable power, the company is directly addressing the challenge of intermittency and paving the way for a more resilient and green national grid. As ACME awaits the formal Letter of Award, this project win solidifies its leadership in the advanced renewable energy space and strengthens its contribution to India's clean energy transition.