Archive · 13 Aug 2025
ACME Solar Secures ₹3,184 Crore Funding from REC
ACME Solar got a big loan to build a new solar and battery project.
They borrowed ₹3,184 crore from REC Limited for a 280MW project.
This project will use solar power combined with batteries to ensure power is always available.
They have a deal to sell the energy to NHPC for 25 years.
The company already has a lot of solar power running and more being built.
This helps India use more clean energy.
ACME Hybrid Urja Private Limited secured ₹3,184 crore financing from REC for a 280MW renewable energy project.
REC is the sole lender for the 18-year project, contracted with NHPC.
The project has a 25-year Power Purchase Agreement with NHPC at ₹4.64 per unit.
The hybrid project combines solar and BESS for reliable power supply and 40% minimum capacity utilization factor.
ACME Solar Holdings has 2,890MW operational capacity and 4,080MW under construction, plus 550MWh of standalone battery storage.
- Who
- ACME Hybrid Urja Private Limited and REC Limited.
- What
- ACME Hybrid Urja Private Limited secured financing for a renewable energy project.
- When
- Announced on August 13, 2025.
- Where
- India
- Why
- To finance a renewable energy project, contributing to greenhouse gas emission reductions and supporting India’s energy transition goals.
ACME View
REC View
Financing
ACME View
Secured long-term project financing from REC Limited for a 280MW Firm and Dispatchable Renewable Energy (FDRE) project.
REC View
N/A
- Financing Amount
- ₹3,184 crore
- Project Capacity
- 280MW
- Lender
- REC Limited
- Contract Duration
- 18 years
- PPA Partner
- NHPC
- PPA Tariff
- ₹4.64 per unit
- Operational Capacity
- 2,890MW
