[SMM PV News] ACME Solar Signs 190 MW Hybrid PPA with SECI

Published: Feb 23, 2026 10:30

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ACME Solar Holdings, through its subsidiary ACME Urja One, has signed a 25-year Power Purchase Agreement (PPA) with the Solar Energy Corporation of India (SECI) for a 190 MW wind-solar hybrid project. This project is the first phase of a larger 380 MW hybrid capacity allocation. The agreement mandates a minimum annual capacity utilization factor (CUF) of 50% and requires the developer to meet 80% of daily peak power demands. Backed by financing from Power Finance Corp. (PFC), the ‘assured peak power’ project has already secured grid connectivity for its solar, wind, and battery energy storage system (BESS) components. With this addition, ACME Solar’s total signed PPA portfolio now stands at 5.8GW

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