newsycanuse

ACME, Ceigall secure 220MW solar-plus-storage contracts in Madhya Pradesh

Ceigall

Designed to deliver up to four hours of peak power daily with a 35% capacity utilisation factor, the project is scheduled to begin construction in 2026 and reach commercial operation between 2027 and 2028.  

Renewable energy company Ceigall India secured the project through a tariff-based competitive bidding process. The winning tariff was INR2.70 per kWh, implying a total project value of around INR1,700 crore (US$187 million).  

According to the firm, the project will have a construction period of 24 months followed by an operational life of 25 years.  

Ramneek Sehgal, managing director, Ceigall, said: “As India progresses toward its 500GW non-fossil capacity target, integrated solar and storage solutions are essential for delivering reliable, dispatchable renewable power.”  

Punjab-based Ceigall India has expanded its renewable energy portfolio to over 550MW of solar capacity as of February 2026. In Maharashtra, it secured 337MW across two Mukhyamantri Saur Krushi Vahini Yojana (MSKVY) 2.0 projects awarded by Maharashtra State Electricity Distribution Company Limited (MSEDCL), each with an 18-month execution timeline and 25-year power purchase agreements (PPAs).  

Indian solar developer ACME Solar said the solar plant will charge the battery for the evening peak in demand, while the procurer will supply power free of cost during night hours to meet the morning peak.  

Land and evacuation infrastructure above 33kV will be provided by RUMSL as part of the solar park facilities. The project also benefits from reduced goods and service tax (GST) rates already passed through and will be required to comply only with Approved List of Models and Manufacturers (ALMM) List I requirements.   

Gurugram headquartered ACME Solar Holdings Limited is an integrated renewable energy developer with a total portfolio of 8,071MW across solar, wind, storage, hybrid and firm and dispatchable renewable energy projects. The company has 2,966MW of contracted operational capacity and 5,105MW under construction, including around 17GWh of battery energy storage.  

Read More

Latest

football

Oregon Sues Oklahoma Transfer Over Alleged Unpaid $10K NIL Contract Buyout

0
The University of Oregon says one of its former football players owes it $10,000, and the school is willing to go to court to get it. The school filed a lawsuit in Lane County Circuit Court last week against Dakoda Fields, a defensive back who spent two years with the Ducks before transferring to Oklahoma
BREAKING

Breaking Down Ole Miss’ Strengths, Weaknesses and One Thing It Needs to Beat LSU

0
The hottest location in college football this year brings LSU and Ole Miss together for a matchup that should be as close are expected. Both teams are rebuilt through the transfer portal and new coaching staffs, and this Sept. 19 matchup will be the first big test for either squad. So what gives Ole Miss
football

What are Indiana Football’s Biggest Trap Games of 2026?

0
Where will Indiana be ranked to start the 2026 college football season? While debate will rage regardless of the number next to Indiana's name to start the year, the Hoosiers will likely be favored in no fewer than 11 of their 12 regular season contests. That doesn't mean there won't be challenges along the way
Green

Green steel startup Boston Metal is doubling down on critical metals

0
The startup Boston Metal has raised a $75 million funding round to produce critical metals, MIT Technology Review can exclusively report.   The company has been known largely for its efforts to clean up steel production, an industry that's responsible for about 8% of global greenhouse emissions today. With the additional money, the new focus could

Newsletter

Don't miss

football

Oregon Sues Oklahoma Transfer Over Alleged Unpaid $10K NIL Contract Buyout

0
The University of Oregon says one of its former football players owes it $10,000, and the school is willing to go to court to get it. The school filed a lawsuit in Lane County Circuit Court last week against Dakoda Fields, a defensive back who spent two years with the Ducks before transferring to Oklahoma
BREAKING

Breaking Down Ole Miss’ Strengths, Weaknesses and One Thing It Needs to Beat LSU

0
The hottest location in college football this year brings LSU and Ole Miss together for a matchup that should be as close are expected. Both teams are rebuilt through the transfer portal and new coaching staffs, and this Sept. 19 matchup will be the first big test for either squad. So what gives Ole Miss
football

What are Indiana Football’s Biggest Trap Games of 2026?

0
Where will Indiana be ranked to start the 2026 college football season? While debate will rage regardless of the number next to Indiana's name to start the year, the Hoosiers will likely be favored in no fewer than 11 of their 12 regular season contests. That doesn't mean there won't be challenges along the way
Green

Green steel startup Boston Metal is doubling down on critical metals

0
The startup Boston Metal has raised a $75 million funding round to produce critical metals, MIT Technology Review can exclusively report.   The company has been known largely for its efforts to clean up steel production, an industry that's responsible for about 8% of global greenhouse emissions today. With the additional money, the new focus could
Embracer

Embracer Follows Ubisoft In Splitting Off New Publisher To Handle Huge IP, Tomb Raider & LOTR Included

0
Say hello to Fellowship Entertainment by Ben Kerry 11 hours ago Embracer Group has today announced plans to create a secondary publishing label called Fellowship Entertainment, in order to "capture the full potential of the high-quality assets" that the group currently owns. The Swedish game publisher says that it hopes to spin off Fellowship Entertainment
newsycanusehttps://newsycanuse.com

Tesla’s Business Has Become Much More Diversified in Just the Past Five Years. Does That Make Its Stock a Better Buy Today?

Key Points Tesla's energy generation and storage segment generated 27% revenue growth last year. The company's non-automotive segments were able to help offset a double-digit decline in auto revenue in 2025. These 10 stocks could mint the next wave of millionaires › Tesla (NASDAQ: TSLA) is known for its electric vehicles (EVs), and while they
Read more

WD sees sustainability as key business driver in an ‘AI economy’

Hard drive company WD promoted long-term operations and sustainability executive Jackie Jung to become its first chief sustainability officer in February, as it steps up sales to companies building AI data centers. Her vision: Turn sustainability into a “brand” for WD, a strategy that reduces risk for the $6 billion company (formerly known as Western
Read more

5 Business Ideas Worth Starting in 2026

If there is one thing Nigerians understand well, it is how to spot opportunity inside hardship. In 2026, that mindset will matter more than ever. The economy is tough, competition is rising, and many people are looking for smarter ways to earn, build, and survive. But even in a difficult environment, some businesses still stand
Read more