ACME Solar Secures INR 1988 Crore Financing from PFC, Wins 300 MW SECI ISTS Solar Project at INR 3.05 per Unit

ACME Solar Holdings Limited, through its subsidiary ACME Renewtech Private Limited, has secured INR 1988 crore in financing from Power Finance Corporation (PFC) for a 300 MW Solar-Wind Hybrid Renewable Energy Project. The project will be located in high-resource potential areas in Bikaner, Rajasthan, and Bhuj, Gujarat. Power Purchase Agreement (PPA) has been signed with NTPC, and grid connectivity is in place. The financing has an optimal debt-to-equity ratio of 80:20. Additionally, ACME Solar has won a 300 MW Solar Power Project under the SECI-ISTS XVIII scheme at a tariff of INR 3.05 per unit, requiring operations to commence before June 30, 2025. The existing ACME Sikar project will be allocated to the new bid, leveraging its existing grid connectivity in Bikaner-2 and capital expenditure already incurred.