Archive · 3 Sep 2025
ACME Solar Awarded 50 MW Renewable Energy Project by Tata Power
ACME Solar will build a new solar power project for Tata Power.
This project, part of a larger plan for renewable energy, will produce 50 MW of power.
The energy will be sold at a set price.
The project must be able to supply a minimum amount of power each year.
To do this, the project will use solar power and batteries to store energy.
ACME Solar's stock price increased after this announcement.
The company is expected to complete the project in two years.
ACME Solar secured a 50 MW renewable energy project from Tata Power.
The tariff for the project is Rs 4.43 per unit.
An e-reverse auction for the project was held on August 13.
The project must maintain a minimum 40% annual capacity utilization factor.
The project will incorporate solar and battery storage.
- Who
- ACME Solar and Tata Power
- What
- ACME Solar won a 50 MW renewable energy project from Tata Power.
- When
- The e-reverse auction was conducted on August 13.
- Where
- Not explicitly mentioned.
- Why
- To provide renewable energy.
- Company
- ACME Solar Holdings
- Project Size
- 50 MW
- Awarding Company
- Tata Power
- Tariff
- Rs 4.43 per unit
- CUF
- 40% minimum
- PPA Tenor
- 25 years