ACME Solar Holdings Limited has secured ₹2,646.64 crore in long-term project funding from REC Limited for its ACME Greentech Seventh 450 MW/1800 MWh Assured Peak Power Project, as per the exchange filings.
The company said the funds will be used to develop and construct the project, while REC Limited will act as the sole financer for a period of 20 years.
The Assured Peak Power Project combines solar power with a Battery Energy Storage System (BESS) to deliver 450 MW of renewable energy capacity and 1800 MWh of storage.
According to the company, the integrated configuration is designed to meet supply obligations while improving the predictability and dispatchability of renewable power generation.
The project is backed by a Power Purchase Agreement (PPA) signed with SJVN Limited.
The agreement is based on a tariff of ₹6.74 per unit and has a tenure of 25 years, providing long-term power offtake for the project.
ACME Solar is an integrated renewable energy company with a diversified portfolio of 8,070 MW across solar, wind, hybrid, Firm and Dispatchable Renewable Energy (FDRE) and battery energy storage projects.
The company has in house Engineering, Procurement and Construction (EPC) and Operations and Maintenance (O&M) capabilities and an operational contracted capacity of 2,990 MW, with additional projects under construction.
Read More: Insolation Energy Share Price Surges 9%; Subsidiary Bags ₹558.29 Crore NTPC Renewable Order!
As of 16 July 2026, at 11:23 AM, ACME Solar Holdings Limited share price was trading at ₹395.80 per share, reflecting a surge of 0.93% from the previous trading session.
The funding from REC Limited will support the development of ACME Solar's 450 MW/1800 MWh FDRE project, adding to the company's growing renewable energy portfolio spanning solar, wind, storage, FDRE and hybrid solutions.
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Published on: Jul 16, 2026, 12:09 PM IST
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