Investment11 Sept 2025, 08:31 am
ACME Solar Secures INR 3,892 Crore Project Funding from State Bank of India for 400 MW FDRE Project
AI Summary
ACME Solar Holdings Limited, through its subsidiary ACME Venus Urja Private Limited, has secured INR 3,892 crore in project funding from State Bank of India (SBI) for a 400 MW Firm and Dispatchable Renewable Energy (FDRE) project in Barmer, Rajasthan. The project, contracted with NHPC at a tariff of INR 4.64/Unit, involves installing solar and Battery Energy Storage System (BESS) to meet supply obligations and ensure higher dispatchability. This funding is significant as it is the largest financing from SBI for ACME Solar and SBI's first financing in ACME’s FDRE projects. ACME Solar Holdings is a leading integrated renewable energy player with a diversified portfolio and an operational capacity of 2,890 MW.
Key Highlights
- ACME Solar secures INR 3,892 crore project funding from State Bank of India for a 400 MW FDRE project.
- The project is being developed in Barmer, Rajasthan and is contracted with NHPC at a tariff of INR 4.64/Unit.
- The funding is significant as it represents the company’s largest financing from SBI and also, represents SBI’s first financing in ACME’s FDRE projects.
- ACME Solar Holdings is a leading integrated renewable energy player with a diversified portfolio spanning solar, wind, storage, FDRE and hybrid solutions.
- The company has an operational capacity of 2,890 MW and an in-house EPC and O&M division.