ACME Solar Secures ₹3,892 Crore Funding for 400 MW Solar Project.

ACME Venus Urja, a subsidiary of ACME Solar Holdings, has secured ₹3,892 crore in long-term project funding from the State Bank of India. The financing will be used for the development and construction of a 400 MW Firm and Dispatchable Renewable Energy (FDRE) project in Barmer, Rajasthan.

The loan has a repayment period of 19 years.

The project has a power purchase agreement with NHPC at a tariff of ₹4.64 per unit, ensuring a stable revenue stream for the company. This funding marks a significant milestone in ACME Solar's efforts to expand its renewable energy portfolio and contribute to India's clean energy goals.