ACME Solar Share Price Rises 2%; Subsidiary Secures ₹3,892 Crore SBI Loan

ACME Venus Urja Private Limited, a wholly owned subsidiary of ACME Solar Holdings, has secured long-term project funding worth ₹3,892 crore from the State Bank of India (SBI). 

This marks ACME’s largest financing arrangement with SBI and also represents SBI’s first investment in ACME’s Firm and Dispatchable Renewable Energy (FDRE) projects. The loan has a 19-year repayment tenure, underscoring the project’s long-term stability.

Project Details

The 400 MW FDRE project is being developed in Barmer, Rajasthan. It has been contracted with NHPC at a tariff of ₹4.64 per unit. To meet supply obligations and ensure higher reliability, the project will integrate solar energy generation with a Battery Energy Storage System (BESS). 

This hybrid approach will allow ACME to provide consistent and dispatchable renewable power in line with the terms of the Power Purchase Agreement (PPA).

FDRE projects represent a crucial evolution in India’s renewable energy landscape. By combining solar power with advanced storage solutions, these projects ensure that renewable energy can be delivered on demand, bridging the gap between generation and consumption.

This aligns with India’s broader goal of enhancing grid stability while increasing renewable penetration.

ACME Solar Holdings Share Price Performance

On September 11, 2025, ACME Solar share price (NSE: ACMESOLAR) opened at ₹310.00, up from its previous close of ₹302.35. At 11:04 AM, the share price of ACME Solar was trading at ₹308.55, up by 2% on the NSE.

Also Read: ACME Solar Secures 50 MW FDRE Project from Tata Power!

Conclusion

The SBI funding not only reinforces ACME’s financial strength but also highlights the growing confidence of lenders in dispatchable renewable energy solutions. With the Barmer project, ACME is set to play a key role in shaping India’s transition towards reliable green power, while demonstrating the scalability and bankability of FDRE models.

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