ACME Solar Holdings Limited has secured Rs 15.71 billion in long-term project funding from India Infrastructure Finance Company Limited (IIFCL) for the development of a 300 MW assured peak power project in Rajasthan. IIFCL is the sole lender for the project, with the funding having a repayment period of 19 years. With this funding, ACME Solar’s total financing secured during the current financial year has reached Rs 109.76 billion.
The project will combine solar power with a 1,350 MWh battery energy storage system to supply assured peak power. Moreover, it has a 25-year power purchase agreement (PPA) with Solar Energy Corporation of India Limited at a tariff of Rs 6.28 per unit. It involves a total capital expenditure of Rs 21.23 billion. Furthermore, grid connectivity for the project is already operational, while the pooling substation and dedicated transmission line are in advanced stages of completion.
Earlier in August 2026, ACME Marigold Urja Private Limited, a wholly-owned subsidiary of ACME Solar Holdings Limited, signed a PPA with Northeast Frontier Railway for a 130 MW round-the-clock renewable energy project. The PPA has a tenure of 25 years from the scheduled commencement of supply date, with a tariff of Rs 4.35 per kWh applicable throughout the tenure.
