Acme Solar secures ₹3,404.57 crore PFC funding for 250 MW FDRE project

acme solar holdings has secured ₹3,404.57 crore in long-term project funding from Power Finance Corporation Limited (PFC) for its Acme Urja One Pvt Ltd (Phase – III) 250 MW Flexible Distributed Renewable Energy (FDRE) project. This financing milestone brings the company’s total project funding raised during the current fiscal to ₹6,051 crore, reinforcing its capital position for large-scale renewable infrastructure development.

The funding structure includes a repayment tenor of 19 years, with PFC serving as the sole financier. The project’s revenue visibility is underpinned by a 25-year Power Purchase Agreement (PPA) signed with NHPC Limited. The tariff of ₹4.33 per unit has been approved and adopted by both Central and State regulators, ensuring stable cash flows for the duration of the contract.

Project Specifications

The Acme Urja One FDRE project integrates multiple renewable energy technologies to enhance dispatchability and predictability. The facility combines Solar, Wind, and Battery Energy Storage System (BESS) components. Development is progressing on schedule across two locations: Fategarh-II in Jaisalmer, Rajasthan, and Jamkhambhaliya in Devbhumi Dwarka, Gujarat. The company confirms that necessary land and connectivity are already in place, with commissioning expected next year.

Parameter	Details
Funding Amount	₹3,404.57 crore
Lender	Power Finance Corporation Limited
Repayment Tenor	19 years
Project Capacity	250 MW
PPA Counterparty	NHPC Limited
PPA Duration	25 years
Tariff	₹4.33/unit

Strategic Context

This transaction highlights strong institutional backing for Acme Solar’s renewable energy ambitions. The integration of BESS with wind and solar assets addresses grid stability challenges, a critical factor for utility-grade projects in India. The company’s broader portfolio stands at 8,070 MW, including an operational contracted capacity of 2,990 MW and ~3.62 GWh of BESS capacity. With 5,080 MW under construction and a signed PPA portfolio of 3,880 MW, the firm continues to leverage its in-house EPC and O&M divisions to deliver projects cost-effectively.

What the Numbers Show

The ₹4.33/unit tariff, locked in for 25 years, provides a fixed revenue floor against potential input cost fluctuations. Combined with the 19-year debt tenor, this structure aligns liability maturity with asset life, reducing refinancing risk. The rapid accumulation of ₹6,051 crore in fiscal funding underscores the company’s ability to secure institutional capital at scale, supporting its aggressive expansion in hybrid renewable energy solutions.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.77%	-3.98%	-5.54%	+65.58%	+21.71%	+41.52%

ACME Solar Holdings has operationalized a cumulative ~3.62 GWh of Battery Energy Storage System (BESS) capacity across three project sites in Rajasthan, marking one of the fastest scale-ups of such infrastructure in India. The company commissioned approximately 2.29 GWh of this capacity during the current financial year, significantly enhancing grid stability and supporting peak-hour demand for round-the-clock renewable power. This expansion underscores the firm's strategic focus on integrated energy solutions, complementing its broader portfolio of solar, wind, and hybrid assets.

The announcement was made via a press release dated July 23, 2026, submitted voluntarily to the Bombay Stock Exchange and the National Stock Exchange of India Ltd. While not an intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015, the disclosure highlights the company's progress in meeting growing storage demands. The operationalization adds to ACME Solar's existing contracted capacity, reinforcing its position as a leading integrated renewable energy player with end-to-end development and operations capabilities.

Portfolio Expansion and Operational Metrics

The newly commissioned capacity brings ACME Solar's total operational BESS footprint to ~3.62 GWh. This achievement is part of a larger diversified portfolio totaling 8,070 MW, which includes solar, wind, storage, Flexible DR Electric (FDRE), and hybrid solutions. The company maintains an operational contracted capacity of 2,990 MW and has an under-construction contracted capacity of 5,080 MW, of which 3,880 MW has signed Power Purchase Agreements (PPAs).

Metric:	Value:
Total Operational BESS Capacity	~3.62 GWh
BESS Commissioned in Current FY	~2.29 GWh
Total Diversified Portfolio	8,070 MW
Operational Contracted Capacity	2,990 MW
Under Construction Contracted Capacity	5,080 MW
PPA Signed Under Construction	3,880 MW

Technical Incident Resolution

In a separate update, ACME Solar addressed a technical incident at its ACME Suryodaya BESS facility in Pokhran, Rajasthan, previously reported on July 17, 2026. A root cause analysis confirmed that an electrical short circuit caused a localized fire involving AC cables between the transformer and the Power Conversion System (PCS), leading to equipment shutdown. The fire did not damage other on-site equipment and was quickly controlled. Restoration activities have been successfully completed, with management acknowledging the swift response by on-site employees and technological support from partners.

Strategic Positioning

ACME Solar leverages an in-house Engineering, Procurement, and Construction (EPC) division along with operations and maintenance (O&M) services to deliver projects cost-effectively. This vertical integration aims to ensure best-in-class operating performance, reflected in industry-leading Capacity Utilization Factors (CUF) and operating margins. The rapid deployment of BESS capacity positions the company to capitalize on India's transition toward reliable renewable energy infrastructure. With nearly two-thirds of its total operational BESS capacity added recently, the company is shifting heavily into storage solutions, reducing reliance on pure generation assets and aligning with grid requirements for stability.