Gurugram: Acme Solar Holdings Limited has secured the prestigious 450 MW–1800 MWh SJVN FDRE-IV peak power project at a tariff of ₹6.75 per unit for a 25-year term. The Letter of Award (LoA) was issued on November 10, 2025, following a competitive e-reverse auction conducted on October 9 under the Tariff-Based Competitive Bidding (TBCB) framework.
The project mandates the delivery of 4 MWh per MW of capacity during any four-hour window daily within the peak demand period, maintaining 90% monthly availability. To meet this requirement, Acme Solar will deploy a hybrid configuration comprising 300 MW of solar generation and a 1800 MWh Battery Energy Storage System (BESS). This configuration is tailored to address grid stability challenges and manage critical peak load scenarios.
Strategically located in Rajasthan’s high-irradiation zones, the project will leverage Acme Solar’s existing night-time transmission connectivity. This operational advantage is expected to accelerate revenue realization and optimize asset utilization. Notably, this will be Acme Solar’s first project to incorporate domestically manufactured solar cells listed under ALMM List-II, marking a significant step toward self-reliance in renewable energy infrastructure.
The SJVN FDRE-IV initiative is among the few tenders in India that focus exclusively on assured peak power supply, reflecting a shift in procurement strategy to address the country’s evolving energy demand profile.
Commenting on the development, Acme Solar’s Chief Commercial Officer Rahula Kashyapa stated, “Securing the SJVN FDRE-IV project with peak power effectively utilizes the available transmission capacity from night-time connectivity, thus enabling us to realise early revenue. This is a win-win for both the customer and Acme Solar, as it’s the lowest price in a pure peak power tender achieved so far.”
This award reinforces Acme Solar’s leadership in integrating advanced storage technologies with renewable generation to deliver reliable, dispatchable clean energy solutions.
