FILE PHOTO: The project, backed by a 25-year PPA with NHPC at ₹4.33 per unit, integrates solar, wind and battery storage. The funding takes the company’s total project financing raised this financial year to ₹6,051 crore.
| Photo Credit:
Sunil Kataria
Renewable energy company ACME Solar Holdings has secured ₹3,405 crore in long-term project financing from state-owned Power Finance Corporation (PFC) for its 250 MW Firm and Dispatchable Renewable Energy (FDRE) project spanning Rajasthan and Gujarat.The project, being developed through subsidiary ACME Urja One, has a 25-year power purchase agreement (PPA) with NHPC at a tariff of ₹4.33 per unit, the company stated in an official release on Wednesday. PFC will be the sole lender for the project, with a repayment tenure of 19 years. The funding takes ACME Solar’s total project financing raised so far in the current financial year to ₹6,051 crore.The FDRE project combines solar, wind, and battery energy storage systems (BESS) to provide firm, dispatchable renewable power. It is spread across Fatehgarh-II in Jaisalmer, Rajasthan, and Jamkhambhaliya in Devbhumi Dwarka, Gujarat. Land acquisition and grid connectivity are already in place, and the project is expected to be commissioned next year.ACME Solar has a renewable energy portfolio of 8,070 MW across solar, wind, hybrid, storage and FDRE projects. It currently has 2,990 MW of operational contracted capacity and 5,080 MW under construction, along with around 3.62 GWh of battery energy storage capacity under development.Published on July 29, 2026
