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ACME arm signs 25-year PPA with SECI for 190 MW hybrid projectACME Urja One Pvt Ltd signed a 25-year PPA with SECI Ltd for a 190 MW wind-solar hybrid project, featuring BESS and a tariff of ₹4.72 per unit, set to start by February 27, 2028.By Gareema Bangad  February 19, 2026, 11:03:07 AM IST (Published)2 Min ReadACME Solar Holdings Limited's wholly owned subsidiary, ACME Urja One Pvt Ltd, has signed a 25-year Power Purchase Agreement (PPA) with SECI Ltd for a 190 MW ISTS-connected wind-solar hybrid project with assured peak power supply.

In an exchange filing on Wednesday, February 19, ACME Solar said the project will supply hybrid power during peak hours and is scheduled to commence commercial operations by February 27, 2028. The PPA tenure is 25 years from the date of signing.

The project is part of SECI’s Hybrid Tranche-VI and carries a tariff of ₹4.72 per unit. It includes a Battery Energy Storage System (BESS) to ensure an assured peak power supply. The agreement requires a minimum annual Capacity Utilisation Factor (CUF) of 50% and mandates meeting 80% of peak power requirements on a daily basis.

The company said that the connectivity for solar, wind and BESS components has already been secured. The tariff has been adopted by the Central Electricity Regulatory Commission (CERC), while the relevant State Electricity Regulatory Commission has approved the power procurement plan.

The project has been financed by Power Finance Corporation (PFC) as part of an existing sanctioned Phase II portfolio, with transmission timelines aligned to the commercial operation date under the PPA.

Following the signing of this agreement, ACME Solar’s total PPA-signed portfolio has increased to 5,820 MW, including 1,240 MW signed in the current financial year. The company has a total renewable portfolio of 8,071 MW across solar, wind, hybrid, storage and firm-dispatchable renewable energy (FDRE) solutions.

The company clarified that the contract does not involve any related-party transaction or promoter group interest.

The electric power generation company has laid out an ambitious growth trajectory, underpinned by a significant capital expenditure plan and a pipeline of projects.

Nikhil Dhingra, CEO, ACME Solar Holdings, had said earlier, “There is a large capex happening. Around 1.5 gigawatts of execution plan, which is we are adding the same amount of capacity which we have currently. 1.5 gigawatt translates into around three gigawatts of operational capacity which will be executed in this year.”

For Q3FY26, the company reported revenue of ₹496 crore, its profit after tax stood at ₹113 crore and its margin at 89.5%.

Shares of the company are trading 1.22% up at ₹233.74 in early trade on Thursday. The stock has delivered 22.53% returns in the past year. Continue Reading(Edited by : Anshul)TagsAcme Solar Holdingsorder winShare Markets Today