ACME Solar Share Price Surges Over 2% On Securing ₹3,404.57 Crore Project Funding from PFC

ACME Solar Holdings Ltd. has secured ₹3,404.57 crore in long-term project funding from Power Finance Corporation Ltd. (PFC) for the development and construction of its ACME Urja One (Phase-III) 250 MW Firm and Dispatchable Renewable Energy (FDRE) project, as per the exchange filings. PFC will act as the sole lender for the project.  

PFC to Solely Finance the Project 

The funding carries a 19-year repayment tenor and takes ACME Solar's total project funding raised during the current financial year to ₹6,051 crore.  

The company said the project has a 25-year Power Purchase Agreement (PPA) with NHPC Ltd. at a tariff of ₹4.33 per unit, which has already been approved by the Central and State regulators.  

FDRE Project Combines Multiple Renewable Technologies 

The 250 MW FDRE project will integrate solar, wind and Battery Energy Storage System (BESS) technologies. It spans Fategarh-II in Rajasthan and Jamkhambhaliya in Gujarat, with the company stating that development is progressing as scheduled and commissioning is expected next year.  

About ACME Solar 

ACME Solar Holdings Limited is a leading integrated renewable energy player with a diversified portfolio of 8,070 MW spanning solar, wind, storage, FDRE and hybrid solutions and an operational contracted capacity of 2,990 MW and ~3.62 GWh of BESS capacity and under-construction contracted capacity of 5,080 MW. The under-construction PPA-signed portfolio stands at 3,880 MW. 

Read More: Best International Mutual Funds in India for August 2026 Based on 5-Year CAGR: Motilal Oswal S&P 500 Index Fund and More! 

ACME Solar Share Price Performance 

As of July 29, 2026, at 12:30 PM, ACME Solar share price was trading at ₹365.25 per share, reflecting a surge of 2.75% from the previous trading session. 

Conclusion 

ACME Solar has secured ₹3,404.57 crore in long-term funding from Power Finance Corporation for its 250 MW FDRE project. The financing will support the project's development and construction, with PFC serving as the sole lender under a 19-year repayment structure.  

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