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July 16,2026

ACME Solar Secures ₹2,646 Crore REC Funding for 450 MW/1,800 MWh Solar-BESS Project

ACME Solar has secured ₹2,646.64 crore in long-term financing from REC Ltd for its 450 MW/1,800 MWh ACME Greentech Seventh Assured Peak Power Project, with REC acting as the sole lender for 20 years. The solar-plus-BESS project will supply firm and dispatchable renewable energy under a 25-year Power Purchase Agreement (PPA) with SJVN Ltd at a tariff of ₹6.

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