Thu Sep 04 04:30:00 UTC 2025: Okay, here’s a summary and a news article based on the provided text:

**Summary:**

ACME Solar Holdings has secured a 50 MW Firm and Dispatchable Renewable Energy (FDRE) project from Tata Power Company Limited through a tariff-based competitive bidding process. The project, priced at Rs. 4.43/Unit, requires a minimum annual Capacity Utilization Factor (CUF) of 40% and four hours of peak-hour supply with 90% monthly availability. It will integrate solar and Battery Energy Storage Systems (BESS) with a 25-year Power Purchase Agreement (PPA) tenor and a commissioning timeline of 24 months. This win builds on ACME Solar’s expanding BESS portfolio, with the company focusing on projects that reduce costs by leveraging existing infrastructure and optimizing capital expenditure. The company is reporting expected returns above 16% on such projects.

**News Article:**

**ACME Solar Wins 50 MW Renewable Energy Project from Tata Power**

**New Delhi, [Date – Based on Context of Text: e.g., November 18, 2025]** – ACME Solar Holdings has been awarded a 50 MW Firm and Dispatchable Renewable Energy (FDRE) project by Tata Power Company Limited, marking a significant step forward in India’s renewable energy landscape. The project was secured through a tariff-based competitive bidding (TBCB) process at a rate of Rs. 4.43 per unit.

Tata Power-D, a licensed electricity distribution company under Tata Power Company Limited, floated the tender, requiring the winning bidder to ensure consistent power supply, including four hours of peak-hour delivery with 90% availability each month, and maintaining a 40% minimum annual CUF.

ACME Solar’s solution will integrate multiple renewable energy technologies, including solar power and Battery Energy Storage Systems (BESS). This combination will guarantee a stable and reliable power supply under a 25-year Power Purchase Agreement (PPA). The project is slated for commissioning within 24 months of the PPA signing.

Nikhil Dhingra, CEO of ACME Solar Holdings, highlighted the strategic importance of BESS projects in lowering overall costs. He explained that utilizing existing infrastructure and avoiding the need for new evacuation substations significantly reduces capital expenditure. “We are installing at the premises of the customer…what we really need to do is the battery system installation, and that is typically done at a capex of $100 per kilowatt hour, or even less,” Dhingra said during the company’s quarterly conference call.

ACME Solar’s under-construction portfolio now stands at 4,080 MW plus 550 MWh of storage, with PPAs secured for 55% of the portfolio. The company has already placed orders for over 3.1 GWh of battery energy storage systems with suppliers such as Narada and Trina Energy. Dhingra anticipates returns exceeding 16% on the new project, bolstered by factors like government support (VGF) and reduced risk due to minimal land acquisition and transmission line construction.

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