ACME Solar Holdings wins NHPC tender for two BESS projects in Andhra Pradesh
According to an official release, the company's winning bid for the Kuppam project was at a tariff of ₹2,10,000 per MW per month with a capacity of 50 MW / 100 MWh. Its bid for the Gani project was at a tariff of ₹2,22,000 per MW per month with a capacity of 225 MW / 450 MWh.
The projects require system availability for two full operational cycles of two hours each every day. ACME Solar will receive a Viability Gap Funding (VGF) of ₹27 lakh per MWh or 30% of the total project cost, whichever is lower.
ACME Solar Holdings Chief Commercial Officer Rahula Kashyapa has said that the projects reflect the firm's commitment to pioneer innovative clean energy solutions that strengthen India's grid reliability and accelerate the nation's renewable energy transition.
'We are proud to support A.P.'s vision for sustainable growth and energy security. We look forward to delivering the projects that set new benchmarks for reliability, efficiency and positive community impact', Mr. Kashyapa stated.
ACME Solar Holdings is a leading integrated renewable energy player with a diversified portfolio of 6,970 MW and 550 MWh spanning solar, wind, storage, Firm & Dispatchable Renewable Energy (FDRE) and hybrid solutions. The operational capacity stands at 2,890 MW with another 4,080 MW and 550 MWh in various stages of implementation.
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