ACME Solar Secures INR 2,646.64 Crore REC Funding for 450 MW Assured Peak Power Project

ACME Solar has secured INR 2,646.64 crore long-term project funding for its ACME Greentech Seventh 450MW/1800MWh Assured Peak Power Project from REC. The company will deploy these funds for the development and construction of this project. REC will serve as the sole financer for this project for 20 years. The PPA for this project was signed with SJVN Limited at a tariff of INR 6.74/unit for a period of 25 years.

The ACME Greentech Seventh Assured Peak Power Project combines multiple renewable energy technologies including Solar and Battery Energy Storage System (BESS) to meet the supply obligations and ensures higher predictability and dispatchability.