ACME Solar Holdings Limited has secured long-term project funding of INR 3,404.57 crore from Power Finance Corporation Limited (PFC) for its ACME Urja One Pvt Ltd (Phase – III) 250 MW FDRE project. The funding is designated for the development and construction of the project.
PFC will serve as the sole financier for this specific project with a repayment tenor of 19 years. This funding milestone brings the overall project funding raised by the company during the current fiscal year to Rs 6,051 crores.
The project has a power purchase agreement (PPA) signed with NHPC Limited for a period of 25 years at a tariff of INR 4.33 per unit. This tariff has already been approved and adopted by both Central and State Regulators.
The ACME Urja One (Phase-III) FDRE project combines multiple renewable energy technologies including Solar, Wind, and Battery Energy Storage System (BESS) to meet supply obligations, ensuring higher predictability and dispatchability. The project spans across two locations: Fategarh-II in Jaisalmer, Rajasthan and Jamkhambhaliya in Devbhumi Dwarka, Gujarat. Necessary land and connectivity for the project are already in place.
Development of the project is progressing on schedule and is expected to be commissioned next year (2027).
The document is noted as a voluntary submission and not to be considered as an intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Company Background
ACME Solar Holdings Limited is described as a leading integrated renewable energy player with a diversified portfolio of 8,070 MW spanning solar, wind, storage, FDRE and hybrid solutions. The company has an operational contracted capacity of 2,990 MW and approximately 3.62 GWh of BESS capacity. Under construction contracted capacity stands at 5,080 MW, with PPA signed portfolio at 3,880 MW. The company maintains in-house EPC and O&M divisions for end-to-end development and operation of plants.