ACME Solar Holdings Ltd has secured a major win in India’s renewable energy space by bagging a 130 MW Round-the-Clock (RTC) renewable energy project under the Railways Energy Management Company Limited’s (REMCL) 1,000 MW tender. The company clinched the bid with a highly competitive tariff of ₹4.35 per unit, reinforcing its position as a leading player in dispatchable clean energy solutions.
Project Scope and Requirements
Under the contract, ACME Solar will supply uninterrupted renewable power using a combination of clean energy sources backed by Energy Storage Systems (ESS) or other dispatchable assets. The project will be connected through the Inter-State Transmission System (ISTS) and will directly serve Indian Railways through a long-term Power Purchase Agreement (PPA).
Key project conditions include:
- Capacity: 130 MW
- Tariff: ₹4.35 per unit
- Commissioning Timeline: 30 months
- Minimum Annual Availability:
- 75% during the first three years
- 85% thereafter
- Agreement: Direct PPA with Indian Railways
Strategic Significance of the Win
The contract underscores several key trends in India’s evolving clean energy landscape:
- Direct power supply eliminates intermediaries, aiding operational efficiency and lowering costs.
- Hybrid renewable plus storage model highlights ACME Solar’s competency in delivering firm, dispatchable green power — a critical requirement for RTC supply.
- The competitive tariff demonstrates the growing affordability of renewable electricity even for high-CUF, continuous supply models.
ACME Solar’s Strong Financial Footing
ACME Solar’s recent financial performance reflects the company’s ability to support large infrastructure commitments. As of FY25:
- Total Assets: ₹18,403.7 crore (+37.3% YoY)
- Shareholders’ Capital: ₹4,510.6 crore (+74.1% YoY)
- Current Assets: ₹3,781.7 crore (+19.8% YoY)
- Fixed Assets: ₹12,315.1 crore (+82.2% YoY)
This balance sheet strength positions the company strongly for executing complex, capital-intensive renewable energy projects such as the Indian Railways RTC tender.
Summary
ACME Solar has won a pivotal 130 MW RTC renewable power contract from Indian Railways at ₹4.35/unit, requiring firm round-the-clock clean energy backed by storage solutions. With a 30-month commissioning schedule and rising minimum availability norms, the deal reinforces ACME’s leadership in hybrid renewable systems and comes at a time when the company is financially well-positioned for large-scale execution.
Disclaimer:
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