Renewables
Acme solar secures peak power contract with indian agency
Acme solar has finalised an agreement to supply firm and dispatchable renewable energy to India's federal clean energy corporation.
Key points
- Acme Greentech Twenty signed a 25-year contract with SECI for 300MW of peak power capacity.
- The arrangement utilises solar generation paired with battery energy storage systems.
- Deliveries are scheduled to commence in April 2028 under the FDRE-IX tranche.
What happened
Energy Monitor reported that Acme Solar, operating through its subsidiary Acme Greentech Twenty, has concluded an agreement with the Solar Energy Corporation of India. The arrangement involves delivering 300MW of assured peak power, backed by 1.2 gigawatt-hours of storage capacity. The contract is structured under the federal entity's FDRE-IX framework.
According to the reporting, the agreed tariff is set at $0.063 per unit. Supply operations are scheduled to begin on 6 April 2028 with a tenure of 25 years. The initiative is designed to address rising demand for dispatchable clean energy during evening and night hours as the country integrates higher volumes of intermittent renewables. The project will generate four megawatt-hours per megawatt daily during non-solar hours, sustaining a minimum monthly availability of ninety percent.
Operational progress and portfolio growth
To satisfy these operational criteria, the firm will deploy a mix of photovoltaic generation and battery storage infrastructure alongside night-time connectivity networks. This follows recent operational milestones in Rajasthan, where the company commissioned additional battery storage capacity totalling over 107 megawatts across two separate sites in late September and early October. These installations include facilities at Neemri village in the Chittorgarh district and Kelan village in the Bikaner district.
Following the latest contract finalisation, the company's under-construction contracted portfolio reaches 4.31 gigawatts, contributing to an overall under-construction capacity of 5.38 gigawatts. Financing for the Rajasthan initiative was secured in August through a long-term loan facility from the India Infrastructure Finance Company, adding to a broader operational and contracted renewable asset base.
Why it matters
The integration of storage with utility-scale solar addresses a central challenge in energy transition planning: matching intermittent generation with demand peaks. According to 2024 World Bank figures, India achieved an electricity access rate of 99.9 percent, while per capita electricity consumption stood at 1222.8 kilowatt-hours. As domestic demand expands, the ability to dispatch clean energy during evening hours becomes critical for maintaining grid stability.
For African nations and emerging economies planning large-scale renewable rollouts, the deployment of firm and dispatchable renewable energy models offers a functional pathway to bypass traditional baseload constraints. Incorporating battery storage ensures that solar power generation remains viable outside daylight hours, providing a reliable framework that can inform policy and investment decisions across developing power markets.
Original reporting
This article draws on the following reports. Read them in full on the publishers’ sites.
Context from CEII
Renewables are the fastest-growing part of the world’s energy system. The COP28 goal is to triple capacity by 2030, and solar mini-grids are the fastest route to power for millions of people without electricity.
19.1% of electricity in India was renewable in 2021Countries in this story
Written by the CEII Desk, the Centre’s automated newsroom, from the reporting credited above and CEII’s own data. Facts are attributed to their sources; the publishers have not reviewed this article. Spotted an error? Tell our editors.
