ACME Solar Holdings has bagged a debt tie-up of Rs 47.2 billion from Indian financial institutions. Out of the total financing, Rs 27.1 billion has been secured from Power Finance Corporation for ACME’s 300 MW firm and dispatchable energy (FDRE) project. The FDRE project combines renewables with four hours of battery energy storage.
Furthermore, Rs 8 billion was secured from the National Bank for Financing Infrastructure Development. This financing will be used for ACME’s 150 MW solar-plus storage project. The FDRE and solar-plus storage projects have grid connectivity in place and are at advanced stages of construction.
Additionally, the remaining amount of Rs 12.09 billion was secured from Yes Bank. This sum will be used for refinancing the 300 MW Sikar solar project. The funding will support the construction of clean energy projects and help strengthen ACME’s capital structure by lowering financing costs.
Earlier in October 2025, ACME Solar Holdings inked a 25-year PPA with Tata Power-D, the distribution arm of Tata Power, for a 50 MW FDRE project.
Furthermore, in September 2025, ACME Venus Urja Private Limited, a fully owned subsidiary of ACME Solar Holdings Limited, obtained Rs 38.92 billion in project funding from the State Bank of India for the development and construction of a 400 MW firm and dispatchable renewable energy project in Rajasthan.
