ACME Solar Holdings Ltd. has emerged as the winning bidder for 130 MW in REMC Limited's 1,000 MW Round-the-Clock (RTC) Renewable Energy tender, securing the project at a tariff of INR 4.35/unit. The Letter of Award is expected to be issued as per the tender timelines. The power will be procured directly by Indian Railways, which needs a steady 24/7 supply to match its unique load profile.

Under the model, Railways will sign direct PPAs with developers, underscoring the growing competitiveness of RTC renewable power delivered through a mix of solar, wind, and energy storage.

Project Requirements and Technical Specifications

As per tender conditions, ACME must supply firm renewable power from ISTS-connected projects, backed by dispatchable sources and/or Energy Storage Systems. The contract mandates a minimum annual availability of 75 percent for the first three years and 85 percent thereafter, requiring a strategic blend of solar, wind, and battery assets. The project will supply firm, round-the-clock renewable power to Indian Railways using solar, wind, and storage technologies.

This approach ensures continuous power delivery to meet the railway system's operational requirements around the clock.

Implementation Timeline and Infrastructure

ACME Solar plans to commission the project within 30 months of signing the PPA, leveraging land and grid connectivity already available in its portfolio. This timeline provides the company with sufficient time to develop and deploy the necessary infrastructure for the RTC renewable energy project. The company's existing land and grid connectivity assets position it advantageously for the project implementation, potentially reducing development timelines and associated costs.

Procurement Model and Industry Impact

The tender represents part of REMC Limited's larger 1,000 MW Round-the-Clock Renewable Energy procurement initiative. The direct procurement model allows Indian Railways to sign Power Purchase Agreements directly with developers, streamlining the process for obtaining a renewable energy supply. This procurement approach demonstrates the growing competitiveness of RTC renewable power in the Indian energy market.

The combination of solar, wind, and energy storage technologies enables developers to provide reliable, dispatchable renewable energy that meets the specific load requirements of large industrial consumers such as Indian Railways. The project reflects the railway sector's commitment to meeting its energy needs through renewable sources while ensuring operational continuity.

The 24/7 supply requirement aligns with the railways' operational patterns and energy consumption profile, making RTC renewable energy an appropriate solution for this application.

Connect with Decision-makers about the Latest Solar Photovoltaic (PV) Projects in India for business Opportunities.

Subscribe to our database on Solar Photovoltaic (PV) Projects and Tenders in India to get access to reliable and high-quality insights on upcoming, under-construction, and completed Solar Photovoltaic (PV) Projects across the world or in your desired geographical location.

Our user-friendly platform provides essential details, timely updates, key stakeholder contact information, and business opportunities tailored for engineering companies, industry professionals, investors, and government agencies.