ACME Solar Holdings secured ₹1,571 crore in long-term project funding from India Infrastructure Finance Company Ltd (IIFCL) on August 27, 2026. The financing supports the construction of the ACME Renewtech Sixth 300 MW assured peak power project in Rajasthan.

This marks IIFCL's first sole greenfield finance to ACME Solar, with the lender acting as the sole financier. The loan carries a repayment tenor of 19 years and was secured at a competitive interest rate.

Project Structure and Financing

The funding brings ACME Solar's total financing secured during the current fiscal to ₹10,976 crore. The project involves a total capital expenditure of ₹2,123 crore.

The company executed a Power Purchase Agreement (PPA) with SECI Limited for a period of 25 years at a tariff of ₹6.28/unit.

Execution Status and Technology

The project integrates solar generation with a 1,350 MWh Battery Energy Storage System (BESS). This hybrid model ensures higher predictability and dispatchability to meet supply obligations under the PPA.

Execution is progressing with grid connectivity already operational. The pooling substation and dedicated transmission line are in advanced stages of completion, while land for the site is substantially secured.

What the Numbers Show

The project represents a significant portion of ACME Solar's battery-storage capital deployment programme for the financial year. With a total capex of ₹2,123 crore and secured funding of ₹1,571 crore, the project demonstrates strong bankability for hybrid renewable assets. The long-term 25-year PPA structure provides revenue visibility, while the sole-lender arrangement with IIFCL simplifies the debt servicing framework for this specific asset.

Portfolio Context

ACME Solar operates a diversified portfolio of 8,370 MW spanning solar, wind, storage, FDRE, and hybrid solutions. The company has an operational contracted capacity of 2,990 MW and approximately 3.62 GWh of BESS capacity.

Under construction, the company holds a contracted capacity of 5,380 MW, with an under-construction PPA signed portfolio standing at 4,010 MW. The firm utilizes an in-house EPC and O&M division for end-to-end development.

Acme Solar Holdings has signed a 25-year power supply agreement with Northeast Frontier Railway for a 130 MW renewable energy project at a tariff of ₹4.35 per kWh, with supply commencing on February 25, 2029.

Deal at a glance

The agreement marks a long-term commitment between Acme Solar Holdings and Northeast Frontier Railway for clean energy supply. The key terms of the deal are outlined below.

The 25-year tenure underscores the long-term nature of the energy supply arrangement, with a fixed tariff of ₹4.35 per kWh locked in for the duration of the contract.