Key Quantitative Figures
- Funding Amount: INR 1,571 crore
- Total FY Financing Secured: INR 10,976 crore (cumulative)
- Project Capacity: 300 MW assured peak power
- Project Capex: INR 2,123 crore
- Tariff Rate: INR 6.28 per unit
- PPA Duration: 25 years
- Repayment Tenor: 19 years
- Battery Storage Capacity: 1350 MWh
Parties Involved
- Borrower: ACME Solar Holdings Limited
- Lender: India Infrastructure Finance Company Ltd (IIFCL)
- Off-taker: SECI Limited
- Project Entity: ACME Renewtech Sixth
Project Details
The funding is for the ACME Renewtech Sixth 300 MW assured peak power project located in Rajasthan. The project combines multiple renewable energy technologies including Solar and Battery Energy Storage System (BESS) to meet supply obligations under the PPA. This represents IIFCL's first sole greenfield finance to ACME, with IIFCL acting as the sole lender for the project.
Project Status and Execution
- Grid connectivity: Already operational
- Pooling Substation: Advanced stages of completion
- Dedicated transmission line: Advanced stages of completion
- Land for the site: Substantially secured
- The project is positioned for timely construction
Company Background
ACME Solar Holdings Limited is an integrated renewable energy player with:
- Diversified portfolio: 8,370 MW spanning solar, wind, storage, FDRE and hybrid solutions
- Operational contracted capacity: 2,990 MW
- BESS capacity: ~3.62 GWh
- Under construction contracted capacity: 5,380 MW
- Under construction PPA signed portfolio: 4,010 MW
The company has in-house EPC and O&M divisions for end-to-end development and maintenance of plants.