Archive · 18 Jul 2025
ACME Solar Signs Battery Storage Deal with NHPC
ACME Solar will build big batteries to store electricity.
They have an agreement to build these with NHPC, using government funding.
This means the batteries will store a lot of power, which is good for using more clean energy.
The project should start soon, helping with storing electricity.
ACME Solar signed a Battery Energy Storage Purchase Agreement (BESPA) with NHPC.
The agreement is for a total contracted capacity of 275 MW / 550 MWh.
The projects were secured through an e-reverse auction on June 24, 2025.
The projects are supported by the Government of India's Viability Gap Funding (VGF).
The projects are expected to be operational within 18 months of signing the BESPA.
- Who
- ACME Solar Holdings and NHPC.
- What
- ACME Solar Holdings signed a BESPA with NHPC for battery energy storage projects.
- When
- Agreement announced July 18, 2025. Auction on June 24, 2025.
- Where
- The article does not specify the exact location.
- Why
- To establish battery energy storage projects, supported by government funding.
Business Perspective
Government's Perspective
Motivation
Business Perspective
Focus on profitability.
Government's Perspective
Promote reliable and clean energy.
- Contracted Capacity
- 275 MW / 550 MWh
- Agreement Type
- Battery Energy Storage Purchase Agreements (BESPA)
- End User
- NHPC
- Auction Date
- June 24, 2025
- VGF
- ₹27 lakh per MWh or 30% of total project cost
- Operational Timeline
- 18 months after signing BESPA
Sources
Tata Power inks 120 MWh Battery Energy Storage purchase agreement with NHPC for Kerala
Tata Power Renewable bags 30 MW/120MWh battery energy storage project from NHPC
ACME Solar Holdings bags 275 MW/550 MWh battery energy storage projects from NHPC