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ACME Solar signs power agreement with SECI for 300 megawatt project

Indian developer ACME Solar has signed a contract to supply 300 megawatts of peak power using combined solar and energy storage systems.

FTMQ Climate, written by our newsroom0 views

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Picture: PV Magazine

ACME Solar has signed a power procurement agreement with Solar Energy Corporation of India Limited to supply 300 megawatts and 1,200 megawatt hours of peak power, PV Magazine, SolarQuarter, and Trade Brains reported. The agreement was executed through its subsidiary, ACME Greentech Twenty Private Limited, according to PV Magazine. [1][5][6]

The electricity will be generated from interstate transmission system connected projects using a firm and dispatchable renewable energy system, PV Magazine reported. PV Magazine, SolarQuarter, and Trade Brains all noted that the capacity was secured at a tariff of six Indian rupees per kilowatt hour, which PV Magazine converted to 0.063 United States dollars per kilowatt hour. [1][5][6]

The capacity was awarded under the ninth tranche of the firm and dispatchable renewable energy auction run by Solar Energy Corporation of India Limited, PV Magazine reported. The system combines solar generation and energy storage technologies to deliver assured electricity during peak demand hours, PV Magazine and Trade Brains reported. [1][6]

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In short

  • ACME Solar signed a power agreement with Solar Energy Corporation of India Limited for 300 megawatts and 1,200 megawatt hours of peak supply.
  • The project uses solar generation and energy storage to deliver firm and dispatchable power.
  • The tariff for the power procurement agreement was set at six Indian rupees per kilowatt hour.

Sources

Every paragraph above points to the numbered items it rests on. Read the originals here.

  1. [1]India’s ACME Solar signs 300 MW/1,200 MWh PPA at $0.063/kWhPV Magazine, 1d ago (the report this story comes from)
  2. [2]ACME Solar Secures SECI Agreement for 300 MW/1,200 MWh Assured Peak Power - News and StatisticsIndexBox, 1d ago
  3. [3]ACME Solar Signs PPA for 300 MW FDRE Project at INR 6/kWhwww.mvapulse.com, 1d ago
  4. [4]ACME Solar Signs PPA with SECI for 300 MW Assured Peak Power ProjectMachine Maker, 1d ago
  5. [5]ACME Solar Signs 300 MW FDRE PPA With SECI At INR 6.00 Per UnitSolarQuarter, 1d ago
  6. [6]ACME Solar Secures 300 MW Evening Power Agreement with SECI at ₹6 per UnitTrade Brains, 1d ago
  7. [7]India’s Largest Utility Signs PPA With Virginia-Based Solar Group, Will Use Advanced CSP TechnologyPower Magazine, 1d ago
  8. [8]ACME Solar inks 300 MW/1,200 MWh peak supply PPA with SECIRenewables Now, 1d ago
  9. [9]India’s ACME Solar signs 300 MW/1,200 MWh PPA at $0.063/kWhpv magazine Global, 1d ago
  10. [10]ACME Solar signs 300MW/1,200MWh PPA in latest SECI FDRE tenderPV Tech, 1d ago
  11. [11]ACME Solar signs 300 MW/1,200 MWh peak power PPA with SECISolarbytes, 1d ago

Our newsroom writes these reports with the help of software, from the 11 sources listed and nothing else, and checks them against those sources. Facts can still be wrong or move on; the originals are the record. Spotted a mistake? Write to daniel@monsterkong.com.

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