ACME Solar wins 300 MW in SECI’s 1.5 GW/6 GWh tender for 4-hour assured peak power – pv magazine India

ACME Solar Holdings Ltd (ACME) has emerged as a successful bidder in the Solar Energy Corp. of India’s (SECI) e-reverse auction for the selection of renewable energy (RE) power developers to supply 6,000 MWh (1,500 MW x 4 hours) of assured peak power from interstate transmission system (ISTS)-connected RE projects in India, under tariff-based competitive bidding.
The company secured 300 MW of contracted capacity at a discovered tariff of INR 6/kWh and will supply 1,200 MWh (300 MW X 4) during four-hour duration. 
ACME said it already has the requisite connectivity grant and has secured a substantial portion of the land required for the project. This development readiness is expected to significantly shorten the project execution timeline and facilitate timely commissioning.
Upon execution of the PPA, the project will add 1.2 GWh to ACME’s battery energy storage portfolio and increase the company’s PPA-signed BESS pipeline to approximately 15 GWh.
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