ACME Solar Holdings is pleased to announce a major milestone in its project development and financial optimization strategy. We have successfully secured ₹4,725 crore in debt financing from premier Indian financial institutions to bolster our renewable energy portfolio and enhance our capital efficiency.
A significant portion of this financing is dedicated to our cutting-edge hybrid and storage-linked projects, which are currently in advanced stages of construction with connectivity already in place:
- ACME Sigma FDRE (300 MW): Funded with ₹2,716 crore from Power Finance Corporation (PFC), this project provides Firm and Dispatchable Renewable Energy (FDRE) and features an integrated four-hour battery storage system.
- ACME Platinum Solar + ESS (150 MW): Supported by ₹800 crore from the National Bank for Financing Infrastructure Development (NaBFID), this project includes a two-hour battery storage component, marking a strategic partnership with India’s leading infrastructure financier.
In addition to new developments, we have secured ₹1,209 crore from Yes Bank to refinance our 300 MW ACME Sikar Solar project. This strategic move has successfully reduced our debt costs by 195 basis points, significantly improving the project’s long-term financial health.
With these latest agreements, ACME Solar has raised a total of ₹10,590 crore in greenfield financing during the current financial year. This ensures that more than 90% of our under-construction PPA-signed projects have secured full debt tie-ups.
Our total renewable energy capacity now stands at 7,520 MW, consisting of 2,942 MW of operational assets and 4,578 MW under construction. This portfolio also includes a robust pipeline of approximately 15 GWh in Battery Energy Storage System (BESS) installations, reinforcing our position as a leader in India’s energy transition.
