HomeBusiness ›ACME Solar Secures INR 3,892 Crore Project Funding for 400 MW FDRE Project from SBI

ACME Solar Secures INR 3,892 Crore Project Funding for 400 MW FDRE Project from SBI

ACME Solar’s 400 MW project in Barmer, Rajasthan, combines solar and BESS to meet NHPC’s supply terms under a ₹4.64/unit PPA, enhancing dispatchability.

September 11, 2025. By News Bureau

ACME Venus Urja has secured long-term project funding of INR 3,892 crore from State Bank of India (SBI) for the development and construction of a 400 MW Firm and Dispatchable Renewable Energy (FDRE) project with repayment spread across 19 years. The funding is significant as it represents the company’s largest financing from SBI, and also represents the bank’s first financing in ACME’s FDRE projects.
 
The project is being developed in Barmer, Rajasthan and is contracted with NHPC at a tariff of INR 4.64/Unit. The project would entail installing solar and Battery Energy Storage System (BESS) to meet the supply obligations and ensure higher dispatchability as per the PPA conditions.  
 
ACME Solar Holdings is a leading integrated renewable energy player with a diversified portfolio spanning solar, wind, storage, FDRE and hybrid solutions, and an operational capacity of 2,890 MW. With an in-house EPC and O&M division, the company does end-to-end development and O&M of the plants, thereby delivering projects in a time and cost-effective manner while ensuring the best-in-class operating performance evident in its industry-leading CUF and operating margins.
 
Please share! Email Buffer Digg Facebook Google LinkedIn Pinterest Reddit Twitter
If you want to cooperate with us and would like to reuse some of our content,
please contact: contact@energetica-india.net.
 
 
Next events
 
 
Last interviews
 
Follow us