ACME Solar shares jumped 3% in early morning trade after the company won a 50 MW Firm and Dispatchable Renewable Energy (FDRE) project at a tariff of ₹4.43 per unit. This project is part of a larger 250 MW FDRE tender floated by Tata Power-D, the distribution arm of Tata Power. As of 9:30 AM, the shares were trading 3.66% higher at Rs 297.70.
The tender was conducted as an e-reverse auction on August 13, 2025, following India’s competitive bidding guidelines. Under the project, ACME Solar will need to maintain at least 40% annual Capacity Utilization and ensure four hours of peak-hour electricity supply each day, with 90% monthly availability. To achieve this, the company will pair solar power with a Battery Energy Storage System (BESS) under a 25-year Power Purchase Agreement, with commissioning expected within 24 months of signing.
FDRE projects like this are key to India’s clean energy journey. They deliver reliable, round-the-clock electricity while helping the grid handle the ups and downs of renewable power. By integrating energy storage, ACME Solar’s project will provide steady, dependable power—supporting both businesses and households with greener energy solutions.
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