ACME Solar Secures 220 MW Solar Project in Madhya Pradesh
Filing Summary
ACME Solar Holdings Ltd has received a Letter of Award from Rewa Ultra Mega Solar Limited to develop a 220 MW Solar with Battery Energy Storage System (BESS) project at Morena Solar Park, Madhya Pradesh. The project is part of a 440 MW tender and will operate under a tariff of Rs. 2.764 per unit. The scheduled commercial operation date is December 31, 2027, with a project tenure of 25 years. This development aligns with ACME Solar’s strategy to expand its renewable energy portfolio.
ACME Solar Holdings Ltd has been awarded a Letter of Award by Rewa Ultra Mega Solar Limited (RUMSL) for setting up a 220 MW Solar with Battery Energy Storage System (BESS) project at Morena Solar Park in Madhya Pradesh. This project is part of a larger 440 MW tender issued by RUMSL. The tender process was conducted through a tariff-based competitive bidding mechanism, followed by an e-reverse auction in September 2025.
The project will operate at a tariff of Rs. 2.764 per unit. The financial structure includes a scheduled commercial operation date of December 31, 2027, and a project tenure of 25 years from the signing of the Power Purchase Agreement (PPA). The project will supply power with a maximum annual capacity utilization factor (CUF) of 35%, and it will provide four hours of peak supply daily, with two hours each in the morning and evening.
The scope of the project involves the integration of solar power with BESS technology to meet the supply obligations under the PPA. The project will utilize solar energy for the evening peak supply, while the morning peak supply will be provided free of cost by the procurer during night hours. RUMSL will provide the land and evacuation infrastructure above the 33 kV level as part of the facilities offered by the solar park developer. The project will adhere to the Approved List of Models and Manufacturers (ALMM) List-I and benefit from reduced GST rates.
The project is significant in the context of India’s renewable energy landscape, as it combines solar and storage technologies to enhance energy reliability and efficiency. The integration of BESS is a strategic move to ensure consistent power supply during peak hours, aligning with national energy goals.
The timeline for the project includes a scheduled commercial operation date of December 31, 2027. The PPA will be signed with Madhya Pradesh Power Management Company Limited (MPPMCL) and RUMSL, ensuring a 25-year operational period.
Rewa Ultra Mega Solar Limited (RUMSL) is a joint venture between the Solar Energy Corporation of India and Madhya Pradesh Urja Vikas Nigam Limited. RUMSL focuses on developing large-scale solar projects to contribute to India’s renewable energy targets.
ACME Solar Holdings Ltd is a leading integrated renewable energy company with a diversified portfolio that includes solar, wind, storage, and hybrid solutions. The company focuses on end-to-end development and operation of renewable energy projects, leveraging its in-house EPC and O&M capabilities to deliver projects efficiently.