India, July 18 -- ACME Solar Holdings, through its wholly owned subsidiaries, has signed Battery Energy Storage Purchase Agreements (BESPAs) with NHPC for a total contracted capacity of 275 MW/550 MWh across two Standalone Battery Energy Storage System (BESS) projects.
The agreements were finalized following an e-reverse auction held on June 24, 2025, with tariffs fixed at Rs 2,10,000/MW/month for a 50 MW/100 MWh project and Rs 2,22,000/MW/month for a 225 MW/450 MWh project. These projects are backed by the Government of India's Viability Gap Funding (VGF) scheme, which offers financial support of Rs 27 lakh per MWh or 30% of the total project cost, whichever is lower.
Letters of Award (LoAs) were issued on July 8, 2025. The swift transit...