ACME Solar and SECI Agree 300 MW Firm Dispatchable Renewable Energy PPA at Rs 6/Unit
ACME Solar has signed a power purchase agreement with the Solar Energy Corporation of India (SECI) for 300 MW of firm and dispatchable renewable energy (FDRE) at a tariff of Rs 6 per unit. Both outlets reporting on 19 October 2026 corroborate the 300 MW capacity and the Rs 6/unit tariff. The Times of India described the supply as peak power, while Rediff MoneyWiz identified the agreement as an FDRE PPA — both characterisations refer to dispatchable, scheduled output rather than variable generation.
| Detail | Value |
|---|---|
| Agreement type | Power Purchase Agreement (FDRE / peak power) |
| Promoter / seller | ACME Solar |
| Buyer / offtaker | Solar Energy Corporation of India (SECI) |
| Contracted capacity | 300 MW |
| Tariff | Rs 6 per unit |
| Reported date | 19 October 2026 |
ACME Solar's Existing Project Portfolio
Projects India tracks several existing ACME Solar generation projects across India. These include solar power units in Ballari, Kudligi and Kolar districts of Karnataka (each valued at Rs 140 crore), a project in Nalgonda, Telangana, and a larger 2,000 MW-class solar project at Bhadla, Rajasthan. The new SECI PPA adds a further offtake commitment to the company's renewable energy pipeline. No location for the generation assets underpinning the new 300 MW PPA was stated in either published report.
Power Distribution Project Activity Across India
The new PPA sits within India's broader power distribution and renewable energy infrastructure build-out. Projects India tracks 4,766 live projects in the Power Distribution sub-sector, with three added in the last 90 days. The stage breakdown of those tracked projects points to a pipeline heavily weighted towards early development: 3,263 projects are Under Approvals, 874 have reached Construction Started, 366 are in Planning, and 85 are at the Early or Announced stage. Only 66 have received approvals and 76 are recorded as completed.
Geographically, Uttar Pradesh leads the tracked count with 722 projects, followed by Maharashtra with 624 and Karnataka with 510. Bihar accounts for 391, Odisha for 348 and Jharkhand for 230. The concentration in Uttar Pradesh and Maharashtra reflects both population density and the pace of urban network upgrades underway in those states.
The ACME Solar–SECI agreement is consistent with a wider acceleration in contracted renewable capacity. India's green power grid programme, approved at Rs 1.86 lakh crore, targets 135 GW of renewable capacity, and SECI is a principal vehicle for procuring output from that build-out through long-term PPAs of this kind.
FDRE Contracts and the Dispatchability Premium
Firm and dispatchable renewable energy contracts require the generator to deliver power on a scheduled basis, typically combining solar or wind capacity with storage. The Rs 6/unit tariff in this agreement reflects the cost of that dispatchability relative to standard variable renewable energy tariffs. No details of the technology mix, storage component or project location were stated in either published report, so no further breakdown can be confirmed.
What this means for suppliers and contractors
A 300 MW FDRE commitment to SECI will require generation assets, storage infrastructure and grid connection works, though no procurement or engineering, procurement and construction activity has been reported publicly at this stage. Suppliers active in solar module supply, battery energy storage systems and balance-of-plant works should monitor ACME Solar's project announcements for subsequent tender activity linked to this PPA.
The stage distribution of the broader Power Projects sector — with more than 3,200 tracked projects still Under Approvals — indicates that a large volume of future procurement activity is approaching the market. Karnataka and Rajasthan, where ACME Solar already has active projects, remain states with significant tracked project counts. Suppliers seeking early visibility into awarded and pipeline contracts across power distribution can access the full tracked project database here.
Frequently asked questions
What is the ACME Solar SECI PPA for 300 MW?
ACME Solar has signed a power purchase agreement with the Solar Energy Corporation of India for 300 MW of firm and dispatchable renewable energy at a tariff of Rs 6 per unit, as reported by two outlets on 19 October 2026. No project location or technology breakdown was stated.
What does FDRE mean in the context of this SECI agreement?
FDRE stands for firm and dispatchable renewable energy. Unlike variable solar or wind generation, FDRE projects must supply power on a scheduled basis, typically combining generation with storage, which is reflected in a higher contracted tariff compared to standard renewable energy agreements.
How many power distribution projects are tracked in India?
Projects India tracks 4,766 live projects in the Power Distribution sub-sector. Of these, 3,263 are Under Approvals, 874 have reached Construction Started and 366 are in Planning. Uttar Pradesh, Maharashtra and Karnataka hold the highest concentrations of tracked projects.
