ACME Solar Holdings Limited, one of India’s leading renewable energy companies, has announced that it has been awarded a 50 MW Firm and Dispatchable Renewable Energy (FDRE) project by Tata Power Company Limited (Tata Power-D). The award comes under a 250 MW FDRE tender floated by Tata Power-D, which is the licensed electricity distribution business of Tata Power.

Tariff and Bidding Process

The project was won at a tariff of ₹4.43 per unit through a tariff-based competitive bidding (TBCB) process followed by an e-reverse auction held on August 13, 2025. This price is considered competitive given the requirements of FDRE projects that mandate higher reliability and dispatchability compared to conventional solar power projects.

Project Specifications and Obligations

As per the conditions of the award, the project must maintain:

• A minimum annual capacity utilization factor (CUF) of 40%.

• Four hours of peak-hour supply with 90% availability on a monthly basis.

To meet these obligations, the project will leverage solar generation combined with a Battery Energy Storage System (BESS), ensuring round-the-clock reliability and flexibility in power delivery.

The power purchase agreement (PPA) will be signed for a 25-year tenure, providing long-term revenue visibility and reinforcing ACME Solar’s reputation for securing bankable contracts. The project commissioning timeline is set at 24 months from the date of PPA signing.

Significance of FDRE in Renewable Energy

FDRE projects are considered the next step in renewable energy evolution as they combine variable renewable sources like solar and wind with storage technologies to provide firm, dispatchable power to the grid. Such projects address the intermittency challenges of renewables, ensuring grid stability while meeting peak demand requirements.

By winning this project, ACME Solar demonstrates its technical capability and competitive strength in offering integrated renewable-plus-storage solutions.

About ACME Solar Holdings Limited

ACME Solar Holdings Limited is a leading integrated renewable energy player in India with an operational capacity of 2,890 MW. The company has a diversified portfolio spanning solar, wind, storage, FDRE, and hybrid solutions.

With a strong in-house EPC (Engineering, Procurement and Construction) and O&M (Operations and Maintenance) division, ACME delivers projects efficiently, ensuring cost-effectiveness, high performance, and industry-leading CUF levels.

Over the years, ACME Solar has established itself as a pioneer in adopting new renewable technologies, consistently winning projects under India’s competitive bidding regime. The latest FDRE project award strengthens its position in hybrid and storage-linked renewable projects, a sector that is expected to grow rapidly as India targets greater renewable penetration in its energy mix.

Strategic Importance of the Win

This project marks an important milestone for ACME Solar as it continues to expand into dispatchable renewable solutions, aligning with India’s long-term renewable energy transition. With storage-backed projects gaining traction under government and utility tenders, ACME is strategically positioning itself to capture emerging opportunities in firm renewable power.

The company’s portfolio diversification into FDRE and hybrid models ensures that it is not only growing its scale but also moving into more technically advanced and higher-margin projects, which provide consistent returns over decades.

Looking Ahead

The award of this 50 MW FDRE project by Tata Power-D is expected to further strengthen ACME’s partnerships with leading utilities and distribution companies. As India accelerates its renewable push with a focus on round-the-clock (RTC) power supply and energy storage integration, ACME Solar is set to play a pivotal role in shaping the next phase of India’s clean energy growth.

The combination of solar energy and BESS technology will ensure compliance with dispatch requirements, improve project bankability, and enhance long-term value creation for the company. With a proven track record and strong project pipeline, ACME Solar is well-positioned to achieve its growth ambitions in India’s renewable sector.

The Upcoming IPOs in this week and coming weeks are Taurian MPS, Jay Ambe Supermarkets, Krupalu Metals, Urban Company, Shringar House of Mangalsutra, Vashishtha Luxury Fashion, Karbonsteel Engineering, Sharvaya Metals, Vigor Plast India.

The Current active IPO are Austere Systems, Optivalue Tek Consulting, Goel Construction Company, Amanta Healthcare, Rachit Prints.

Start your Stock Market Journey and Apply in IPO by Opening Free Demat Account in Choice Broking FinX.

Join our Trading with CA Abhay Telegram Channel for regular Stock Market Trading and Investment Calls by CA Abhay Varn - SEBI Registered Research Analyst.