ACME Solar Holdings has been awarded a Letter of Award (LoA) for a 50 MW Firm and Dispatchable Renewable Energy (FDRE) project from Tata Power-D. 

The project, won through a tariff-based competitive bidding process, solidifies ACME's position in the renewable energy sector.

ACME won the bid with a tariff of Rs 4.43 per unit as part of a larger 250 MW tender. The project is designed to provide reliable, round-the-clock power by combining solar energy with a Battery Energy Storage System (BESS). 

The project must maintain a minimum annual Capacity Utilisation Factor (CUF) of 40% and ensure a four-hour peak-hour supply with 90% monthly availability. 

The Power Purchase Agreement (PPA) is for a duration of 25 years, with the project slated for commissioning within 24 months. 

This initiative highlights the growing importance of hybrid renewable energy solutions in India.