1 week ago
ACME Solar Wins 300 MW Renewable Power Project With Storage
ACME Solar won a contract to provide 300 MW of renewable electricity.
The electricity will come from sources such as solar or wind and be supported by batteries.
Batteries help store energy and release it when people need it.
ACME will provide 1,200 MWh of electricity each day for four hours.
The agreed price is Rs 6 for each unit of electricity.
The company already has grid access and much of the land needed for the project.
The project still requires a power purchase agreement before it is added to the company’s storage pipeline.
If that agreement is signed, ACME’s planned battery storage capacity will rise to about 15 GWh.
ACME Solar Holdings won 300 MW of contracted capacity in a Solar Energy Corporation of India auction.
The firm will supply 1,200 MWh daily over four hours at a tariff of Rs 6 per unit.
The project will use renewable generation and storage to provide firm, dispatchable power.
ACME said it already has grid connectivity and much of the required land secured.
After the power purchase agreement is signed, the project will add 1.2 GWh to ACME’s storage pipeline, taking it to about 15 GWh.
- Who
- ACME Solar Holdings won the project through an auction conducted by the Solar Energy Corporation of India.
- What
- A 300 MW firm and dispatchable renewable power project backed by battery storage.
- Where
- India, using projects connected to the interstate transmission system; ACME Solar Holdings is based in Gurugram, Haryana.
- When
- The award was disclosed in a stock-exchange filing; the cited share performance was as of August 25.
- Why
- To supply assured peak renewable power using generation paired with storage.
Key facts
- Awarded capacity
- 300 MW
- Daily supply
- 1,200 MWh over a four-hour period
- Tariff
- Rs 6 per unit
- Storage addition
- 1.2 GWh after the power purchase agreement is signed
- Projected storage pipeline
- About 15 GWh of PPA-signed battery storage capacity
- Auction
- Solar Energy Corporation of India’s e-reverse auction under the FDRE-IX tender
- Project readiness
- ACME said it has grid connectivity and a large part of the required land secured
Sources
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