Investment13 Aug 2025, 08:29 am
ACME Solar Secures INR 3,184 Crore Project Funding from REC Ltd for 280 MW FDRE Project
AI Summary
ACME Hybrid Urja Private Limited, a subsidiary of ACME Solar Holding Limited, has secured long-term project financing of INR 3,184 crore from REC Limited for a 280 MW Firm & Dispatchable Renewable Energy Project (FDRE). The project, contracted with NHPC, combines multiple renewable energy technologies including Solar and Battery Energy Storage System (BESS). The funding, signed under a 25-year PPA at a tariff of INR 4.64 /Unit, reflects the growing confidence in India's renewable energy sector and reinforces the country's commitment to scaling up clean and sustainable energy solutions.
Key Highlights
- ACME Solar secures INR 3,184 crore project funding for a 280 MW FDRE Project from REC Ltd.
- The project combines multiple renewable energy technologies including Solar and Battery Energy Storage System (BESS).
- The funding is signed under a 25-year PPA with NHPC at a tariff of INR 4.64 /Unit.
- This funding milestone reflects the growing confidence in India's renewable energy sector.
- REC Ltd is the sole lender for this project, providing long-term financing for 18 years.