ACME Solar secures US$274.4m financing from REC Ltd for 450MW solar-storage project
Type: Financing · Technology: Hybrid · Country: India · Capacity: 450 MW · Value: $274.4M · Announced: 2026-07-17
ACME Solar secured US$274.4m financing from REC Ltd for its 450 MW ACME Greentech Seventh Assured Peak Power Project. The project will combine solar generation with 1800 MWh of battery energy storage to deliver assured peak power. REC Ltd will act as the sole financer for a 20‑year term, providing the capital needed for development and construction. The deal positions ACME Solar to expand its renewable portfolio in India and enhance dispatchability of solar output. No advisors or legal counsel were disclosed in the announcement.
Counterparties
- ACME Solar (Borrower)
- REC Ltd (Lender)
📈 The Sherpa Signal — one notable infrastructure deal a day.