ADD ANI AS A TRUSTED SOURCE
googleads
ANI Logo
Menu
Business

ACME Solar signs power purchase pact with NHPC for 680 MW project

Renewable energy firm ACME Solar Holdings has signed a power purchase agreement (PPA) with state-owned company NHPC for a project of 680 MW capacity.

ANI Jan 28, 2025 16:49 IST googleads

Representative Image (Pexels.com)

New Delhi [India], January 28 (ANI): Renewable energy firm ACME Solar Holdings has signed a power purchase agreement (PPA) with state-owned company NHPC for a project of 680 MW capacity.
ACME Solar was awarded the project under the Firm and Dispatchable Renewable Energy (FDRE) tender of 1,400 MW issued by NHPC, as per a company statement Tuesday.
The project will be developed across multiple locations, including Gujarat, Madhya Pradesh, Karnataka and Rajasthan, the statement added.
This innovative project combines advanced technology with hybrid renewable energy solutions to enhance efficiency and sustainability.
The power purchase agreement with NHPC, according to the company, reinforces its commitment to India's clean energy goals by integrating solar, wind, and battery storage.
ACME Solar Holdings Limited is a renewable energy company in India with a diversified portfolio across solar, wind, hybrid and FDRE projects.
The company is one of the top 10 renewable energy independent power producers in India with an operational capacity of 2,540 MW and under construction capacity of 4,430 MW.
Since its listing on the stock exchanges, ACME Solar Holdings and its subsidiary has secured a series of loan financing for renewable energy projects.
In mid-November last year, days after its listing, ACME Solar Holdings' subsidiary ACME Sun Power had secured a Rs 3,753 crore term loan financing from state-owned company REC Limited for the development and construction of 320 MW green energy projects in collaboration with SJVN.
ACME Renewtech Private Limited, a subsidiary of ACME Solar Holdings Limited had secured Rs 1,988 crore in term loan financing from Power Finance Corporation (PFC) to fund the development and construction of a 300 MW solar-wind hybrid renewable energy project.
The parent company was listed on the exchanges on November 13, 2024.
As part of COP26 held in 2021, India committed to an ambitious five-part "Panchamrit" pledge. They, among others, included reaching 500 GW of non-fossil electricity capacity, by 2030. (ANI)

Get the App

What to Read Next

Business

India pushes for green ship recycling, euro-compliant yards

India pushes for green ship recycling, euro-compliant yards

India is rapidly expanding its ship recycling sector and upgrading shipbreaking yards to meet European environmental standards, as part of a broader effort to strengthen its maritime industry and reduce logistics costs, Sushant Kumar Purohit, Chairperson of VO Chidambaranar Port Authority, said today.

Read More
Business

Producer-Actor Adarsh Gunduraj Launches Trailer of ‘Calendar’

Producer-Actor Adarsh Gunduraj Launches Trailer of ‘Calendar’

New Delhi [India], March 12: The team behind the upcoming women-centric film Calendar unveiled the trailer during a press conference in Mumbai on March 12, 2026. They took the opportunity to share insights about the project and its concept with the media.

Read More
Business

BPTP Receives 'Iconic Project - Commercial' Recognition

BPTP Receives 'Iconic Project - Commercial' Recognition

New Delhi [India], March 12: BPTP, a real estate developer operating in North India, has been honoured with the Iconic Project - Commercial award at the 5th Economic Times Real Estate Conclave & Awards 2026 (ETRECA 2026). The award ceremony was held at Taj Santa Cruz, Mumbai, with participation from industry stakeholders including developers, architects, and investors.

Read More
Business

Delhi expected to witness significant rise in electricity demand

Delhi expected to witness significant rise in electricity demand

Delhi is expected to witness another significant rise in electricity demand this summer. According to the State Load Despatch Centre (SLDC), last year, Delhi's peak power demand had clocked 8442 MW. This year, it is likely to cross 9000 MW. The expected peak of over 9000 MW represents an increase of over 300 per cent compared to the 2879 MW recorded in 2002. Current trends suggest that Delhi's peak power demand is likely to cross the 10,000 MW mark by 2028-2029.

Read More
Business

Smartworld Developers Awards INR 1,000 Cr Construction Contract

Smartworld Developers Awards INR 1,000 Cr Construction Contract

New Delhi [India], March 12: Smartworld Developers, a new age real estate brand has awarded a construction contract worth INR 1,000 crore for its landmark ultra-luxury project, Trump Residences Gurgaon, marking a major milestone in the project's development. Excavation at the site has been completed, and as part of the phased construction strategy, a INR 300 crore tender has already been released. Structural construction has now formally commenced.

Read More
Business

Hero FinCorp's AI-Led Lending Platform 'Project Dhruv Tara'

Hero FinCorp's AI-Led Lending Platform 'Project Dhruv Tara'

Mumbai (Maharashtra) [India], March 12: As artificial intelligence and advanced analytics reshape credit decisioning across India's lending ecosystem, financial institutions are now increasingly combining advanced analytics with organisational capability to deliver faster credit access and scalable growth.

Read More
Business

Wizz Financial Completes First Stablecoin-Powered Cross-Border

Wizz Financial Completes First Stablecoin-Powered Cross-Border

Dubai [UAE], March 12: Wizz Financial, the global fintech company specializing in cross-border payments and digital wallets, today announced the completion of its first stablecoin-powered cross-border remittance and treasury transaction originating from the United States, with capabilities into 80 countries, in partnership with BitGo Bank & Trust, N.A. ("BitGo"), an OCC-regulated digital asset trust bank and subsidiary of BitGo Holdings, Inc. (NYSE: BTGO). Through the partnership, Wizz Financial is utilizing BitGo's institutional-grade wallet infrastructure and e-trade services to facilitate the conversion of fiat currency into stablecoins, enabling near-real-time settlement, enhanced liquidity management, and compliant, scalable cross-border remittance flows across its global network as new corridors are progressively launched.

Read More
Business

Marushika Technology Linked with Delhi Metro Phase-IV

Marushika Technology Linked with Delhi Metro Phase-IV

New Delhi [India], March 11: Marushika Technology Limited (MTL), a provider of communication and technology integration solutions, is pleased to be associated with the Delhi Metro Phase-IV expansion project, where two key sections--Line 7 (Majlis Park to Yamuna Vihar) and Line 8 (Majlis Park to Deepali Chowk)--were inaugurated by the Hon'ble Prime Minister of India, Shri Narendra Modi, on March 8, 2026.

Read More
Business

From Concept to Configuration: The Design of Intelligent Hardware

From Concept to Configuration: The Design of Intelligent Hardware

New Delhi [India], March 10: Ashutosh Agarwal's professional work sits at the intersection of enterprise governance, advanced analytics, and structured systems thinking. Operating within Project Management Operations environments supporting multi-site programs across the United States under the Turner & Townsend and CBRE ecosystem, he focuses on strengthening governance architecture, enhancing performance visibility, and identifying emerging operational risks before they escalate. His work consistently reflects an emphasis on structure, designing frameworks that introduce predictability, accountability, and measurable oversight into complex systems.

Read More
Business

Cabinet approves Rs 3,839 crore 4-lane highway project

Cabinet approves Rs 3,839 crore 4-lane highway project

The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, today has approved the development of a 4-lane corridor from Badnawar-Petlawad-Thandla-Timarwani section of NH-752D having a length of 80.45 kilometres with a total capital cost of Rs 3,839.42 crore. The approved corridor will provide connectivity of Ujjain to Timrawani interchange at Delhi Mumbai Expressway (DME). The primary purpose of the proposed four-lane project corridor is to improve travel efficiency and is expected to reduce travel time by approx. one hour.

Read More
Home About Us Our Products Advertise Contact Us Terms & Condition Privacy Policy

Copyright © aninews.in | All Rights Reserved.