ACME Solar signs 300 MW storage-backed power deal
pre-market1 source ↓machine-written, see hownot a recommendation
- ACMESOLAR close
- ₹417.75
- On the day
- +1.89%
- 52-week high
- ₹476.90
- 52-week low
- ₹195.90
ACME Solar Holdings signed a power purchase agreement for 300 MW and 1,200 MWh under the latest Solar Energy Corporation of India firm and dispatchable renewable energy tender, according to PV Tech on 19 Oct 2026. The agreement adds a contracted, storage-backed project milestone to the company’s renewable expansion plans and follows an earlier Axis Capital estimate of 15.7 GWh of battery energy storage additions through FY29.
The PPA is significant because FDRE projects combine renewable generation with storage to provide power on a more dependable schedule than standalone solar ⚡. The 1,200 MWh storage component gives the project an energy-delivery dimension alongside its 300 MW generation capacity. However, the source headline does not provide the tariff, contract value, project location, commissioning schedule or the allocation of construction and operating costs. Those terms will determine the project’s contribution to revenue, cash flow and returns.
300 MW/1,200 MWh PPA strengthens visibility for the contracted portion of the portfolio, while storage deployment supports the sector’s shift towards firm renewable supply. It also adds a disclosed award to the broader pipeline discussed in the earlier bulletin, rather than representing only an estimate of future capacity. The project’s financial impact cannot yet be quantified from the available details.
OI Charts data showed the stock closed at ₹417.75 on 19 Oct 2026, up 1.9% for the session, on volume of 1,532,890 shares. The stock was down 0.2% over five sessions and 4.0% over 20 sessions, while its 52-week range stood at ₹195.90 to ₹476.90. The move came as the company added a concrete PPA announcement to its renewable and battery-storage narrative 🔋.
The next points to watch are the formal filing, tariff and payment terms, construction and commissioning milestones, and whether the 1,200 MWh storage capacity is included in the company’s previously cited FY27-FY29 pipeline. Investors will also track how the award affects contracted EBITDA versus the merchant earnings estimates outlined earlier. The tender illustrates the growing role of storage-backed procurement in India’s renewable-energy market 🌱.
Source: PV Tech, 19 Oct 2026
Not investment advice. For informational purposes only.