ACME Solar Secures 25-Year PPA with SECI for 190 MW Hybrid Renewable Project – EQ
In Short : ACME Solar Holdings has signed a 25-year power purchase agreement with Solar Energy Corporation of India for a 190 MW hybrid renewable energy project. The agreement strengthens long-term revenue visibility, supports grid stability through hybrid generation, and advances India’s clean energy capacity expansion goals.
In Detail : ACME Solar Holdings has entered into a long-term power purchase agreement with the Solar Energy Corporation of India for a 190 MW hybrid renewable energy project. The 25-year agreement provides a stable revenue framework and reinforces investor confidence in hybrid renewable development models.
The project will combine multiple renewable energy sources—typically solar and wind—to deliver more consistent power output compared to standalone installations. Hybrid configurations help address intermittency challenges by leveraging complementary generation patterns, thereby improving overall plant utilization and grid reliability.
By securing a long-term PPA, ACME Solar ensures predictable cash flows over the contract period. Such agreements are essential for large-scale renewable projects, as they enable developers to secure financing at competitive rates while reducing market exposure risks.
The involvement of SECI reflects continued institutional support for innovative renewable models. As a central implementing agency, SECI plays a crucial role in aggregating demand and facilitating renewable energy procurement across states and distribution companies.
Hybrid projects are increasingly becoming central to India’s energy transition strategy. By integrating solar and wind generation, developers can optimize land use, transmission infrastructure, and operational efficiency. This approach enhances energy output consistency, which is critical for grid integration at higher renewable penetration levels.
The 190 MW capacity addition contributes to national targets aimed at expanding non-fossil fuel energy capacity. Large-scale hybrid installations also support the broader goal of reducing dependence on conventional power sources and lowering carbon emissions intensity.
From a financial perspective, the 25-year duration provides long-term visibility for both the developer and power offtaker. Extended PPAs are particularly valuable in capital-intensive infrastructure projects where asset lifecycles extend over decades.
The agreement further strengthens ACME Solar’s portfolio of operational and under-development renewable assets. Expanding hybrid capacity allows the company to diversify generation profiles and enhance competitiveness in future renewable tenders.
Overall, the signing of this PPA marks another milestone in India’s evolving renewable landscape. By combining hybrid generation technology with long-term procurement mechanisms, the project supports grid stability, investor confidence, and sustained clean energy growth.
