ACME Solar has secured ₹1,571 crore in long-term funding from IIFCL for its 300 MW assured peak power project in Rajasthan. IIFCL is the project’s sole lender, with a 19-year repayment tenor, marking its first sole greenfield financing for ACME. The project, costing ₹2,123 crore, combines solar generation with 1,350 MWh of battery storage to ensure predictable power supply under a 25-year SECI PPA at ₹6.
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