ACME Solar’s Subsidiary Secures ₹3,184 Crore for 280 MW Renewable Project

ACME Hybrid Urja Private Limited, a wholly owned subsidiary of ACME Solar Holding Limited (NSE: ACMESOLAR), has achieved a significant milestone by securing long-term project financing of ₹3,184 crore from REC Limited (NSE: RECLTD).

This funding will support the development and construction of a 280 MW Firm & Dispatchable Renewable Energy (FDRE) project contracted with NHPC. REC will act as the sole lender, providing financing for a tenure of 18 years.

Strengthened Lender Confidence

This marks REC Limited’s third financing initiative for ACME Solar’s FDRE projects this year, following two earlier financings for projects with a combined capacity of 570 MW. Such repeated backing underscores the strong trust and confidence of top lenders in ACME’s expertise in project development and execution.

PPA and Project Specifications

The company has signed a 25-year Power Purchase Agreement (PPA) with NHPC at a tariff of ₹4.64 per unit. The project will integrate multiple renewable energy technologies, including Solar and Battery Energy Storage Systems (BESS), to ensure higher predictability and dispatchability. It is designed to achieve a minimum annual Capacity Utilization Factor (CUF) of 40% and maintain 90% availability during peak hours on a monthly basis.

Environmental and Strategic Impact

Once operational, the project will contribute significantly to reducing greenhouse gas emissions while supporting India’s transition to cleaner energy. The initiative aligns closely with the government’s ambitious renewable energy targets and strengthens the country’s position as a leader in sustainable energy solutions.

Also Read: ACME Solar Holdings Hits 10% Upper Circuit Limit After Strong Q1 FY26 Results!

Conclusion

This funding achievement by ACME Hybrid Urja not only accelerates the construction of a technologically advanced renewable project but also reflects the increasing faith of financial institutions in India’s renewable sector. With partnerships and long-term agreements, the project is set to make a lasting impact on the nation’s clean energy journey.

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