ACME Solar secures INR 3,404.57 crore financing from Power Finance Corp for 250 MW FDRE project
Type: Financing · Technology: Hybrid · Country: India · Capacity: 250 MW · Announced: 2026-07-29
ACME Solar Holdings Ltd secured INR 3,404.57 crore financing from Power Finance Corp. Ltd for its 250 MW FDRE project. The project, known as ACME Urja One (Phase‑III), integrates solar, wind and battery storage to deliver firm and dispatchable renewable power. It spans sites in Fategarh‑II, Jaisalmer, Rajasthan and Jamkhambhaliya, Devbhumi Dwarka, Gujarat, with land and grid connectivity already in place. The financing carries a 19‑year repayment tenor, bringing total fiscal‑year funding to INR 6,051 crore. The deal supports ACME’s expansion of utility‑scale renewable capacity and aligns with India’s push for longer‑duration renewable contracts. No advisors are disclosed in the announcement.
Counterparties
- ACME Solar Holdings Ltd (Borrower)
- Power Finance Corp. Ltd (Lender)
📈 The Sherpa Signal — one notable infrastructure deal a day.