ACME Solar Signs 680 MW Renewable Energy PPA

ACME Solar Holdings Limited, an award-winning innovator in renewable energy, has recently signed the PPA (Power Purchase Agreement) with NHPC Limited for their pioneering Firm & Dispatchable Renewable Energy (FDRE) project. This 680 MW solar power project is a milestone in ACME Solar’s efforts to accelerate India’s transition towards sustainable energy.

This milestone is a part of a larger initiative under NHPC’s FDRE tender, which called for bids for an aggregate capacity of 1,400 MW. The awarded project comprises development in more than one states such as Gujarat, Madhya Pradesh, Karnataka and Rajasthan. By integrating innovative hybrid renewable energy technologies, which are expected to maximize efficiency and sustainability.

ACME Solar demonstrates its commitment to clean energy innovation by integrating solar, wind, and battery storage systems into the project. This partnership with NHPC sets a benchmark for hybrid energy systems and highlights the company’s commitment to advancing the nation’s clean energy goals.

The highlight of this project is its guarantee of a minimum annual Capacity Utilization Factor (CUF) of 40% with a mandatory achievement of 90% of the promised value during peak hours. So energy is reliably and consistently delivered even during periods of high demand. Moreover, this design would boost project performance, meet India’s growing energy needs, and remain environmentally sustainable.

ACME
ACME Solar operates 38 projects and has 11 more in progress, showcasing its significant role in advancing renewable energy. This success highlights the collaborative efforts driving India’s renewable energy vision. Through innovation, cutting-edge technology and sustainability, the company continues to lead the way in the nation’s energy evolution.

This project marks significant progress in hybrid renewable energy, and more importantly, it sets an ambitious roadmap for future initiatives. Moreover, ACME Solar’s innovations demonstrate its dedication to sustainable energy while fostering a strong alignment with India’s solar-powered future.

This is a PR Agency Feed; fake checked and edited by Clean-Future Team