ACME Solar’s subsidiary, ACME Hybrid Urja, has secured INR 3,184 crore in 18-year financing from REC Ltd for a 280 MW firm and dispatchable renewable energy (FDRE) project contracted with NHPC. This is REC’s third FDRE project financing for ACME this year. The project, backed by a 25-year PPA at INR 4.
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