ACME Solar Secures ₹1,571 Crore Funding from IIFCL for 300 MW Project
ACME Solar Holdings Limited has secured ₹1,571 crore in long-term project funding from IIFCL for its 300 MW assured peak power project in Rajasthan. The loan has a 19-year tenor. This brings the total financing secured by ACME Solar this fiscal to ₹10,976 crore.
The funding is for a specific project, which will contribute to the company's overall capacity and revenue, but it does not represent a fundamental shift in the company's core business or immediate, widespread impact on all operations.
The announcement details a significant funding round for a new project, indicating positive business development and financial strength.
ACME Solar Holdings Limited has secured a long-term project funding of ₹1,571 crore from India Infrastructure Finance Company Ltd (IIFCL) for its ACME Renewtech Sixth 300 MW assured peak power project in Rajasthan.
This is IIFCL's first sole greenfield finance to ACME, with the funding secured at a competitive interest rate and a repayment tenor of 19 years. The current funding milestone brings the total financing secured by ACME Solar in the current fiscal to ₹10,976 crore. The project has a 25-year Power Purchase Agreement (PPA) with SECI Limited at a tariff of ₹6.28 per unit.
The ACME GreenTech Seventh assured peak power project will combine multiple renewable energy technologies, including Solar and Battery Energy Storage Systems (BESS), to meet its PPA obligations. The project involves a total capex of ₹2123 crore and forms part of ACME Solar's broader strategy for its hybrid energy portfolio.
The project is progressing with strong execution, with grid connectivity already operational. The plant will integrate 1350 MW BESS alongside solar generation, enabling assured peak power supply. It also incorporates solar and battery energy storage systems to meet its PPA obligations, ensuring higher predictability and dispatchability. The company is focused on end-to-end development and O&M of its plants, delivering projects in a time and cost-effective manner.
What to do with a filing like this
Acme Solar Holdings Limited filed this with the NSE as a statutory disclosure, categorised under debt fundraising. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Acme Solar Holdings Limited. Read the original for the full detail.