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A 400-megawatt promise in India: clean power that must show up when called

Solar and wind have one weakness: the weather decides when they work. So India's newest big clean-power deal is for the firm kind — power guaranteed at peak hours. ACME Marigold Urja has signed a 25-year agreement to supply 400 megawatts of firm, dispatchable renewable energy to state utility NTPC at ₹4.37 (about $0.05) per unit, starting 30 June 2028. The project, awarded under a 1,200-megawatt national tender, will be built, owned and run by ACME — and it has to deliver when the grid calls, not just when the sun shines.

The upbeat factorclean energy is growing up — this contract pays for reliability, the quality that lets a grid retire fossil backup with confidence.
✓ Verified · pv magazine Global · 2026-10-30 · India
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