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ACME Sun Power Wins Rs 3,753cr Term Financing for 320 MW FDRE Project

ACME Sun Power, a subsidiary of ACME Solar Holdings, has secured a Rs 3,753 crore financing from REC to develop a 320-MW firm and dispatchable renewable energy (FDRE) project in collaboration with SJVN.

 

The project will ensure round-the-clock power, aiding power distribution companies in meeting renewable purchase and energy storage obligations. Solar capacity will be developed in Jaisalmer, Rajasthan, while wind sites will be located in Bhuj and Jam Khambhaliya, Gujarat. ACME has signed a power purchase agreement (PPA) with SJVN, and with grid connectivity secured, the company is in advanced stages of land acquisition.

 

Chairman Manoj Kumar Upadhyay expressed gratitude for the financial support, emphasizing that "this funding is a significant step in strengthening our commitment to building world class FDRE renewable energy projects and contributing to India's green energy transition."

 

ACME Solar is among India’s largest renewable energy producers and a top player in the sector.

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