ACME Solar awarded 450 MW - 1800 MWh SJVN FDRE-IV project
ACME Solar Holdings Limited (ACME Solar) has been awarded a 450 MW - 1800 MWh assured peak power SJVN FDRE-IV project on November 10, 2025 at a tariff of INR 6.75/unit for 25 years. The tender was issued under Tariff-Based Competitive Bidding (TBCB) guidelines for which an e-reverse auction was held on October 9, 2025 and LoA was received on November 10, 2025.
The project requires supplying power of only 4 MWh per MW of capacity during any four-hour period each day within the peak demand window with 90% availability on monthly basis. The project would integrate Solar of 300 MW and Battery Energy Storage System (BESS) technology of approximately 1800 MWh to meet the supply requirements. Notably, the project is amongst the few that focus specifically on peak power supply, with objective of supporting grid stability and managing critical peak demand. This project will utilize night-time connectivity available with ACME Solar at high irradiation zones in Rajasthan. This will be ACME Solar’s first project to use Indian made solar cells (under ALMM List-II).
Commenting on the SJVN FDRE-IV LOA received, ACME Solar’s Chief Commercial Officer Mr Rahula Kashyapa said, “Securing the SJVN FDRE-IV project with peak power effectively utilizes the available transmission capacity from night time connectivity thus enabling us realise early revenue. This is win-win for both customer and ACME Solar as it’s lowest price in pure peak power tender achieved so far.
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