ACME Solar Secures ₹1,571 Crore IIFCL Debt for Rajasthan Project

GURUGRAM, INDIA — ACME Solar Holdings Ltd announced on August 27, 2026, that it has secured ₹1,571 crore in long-term project debt from state-owned India Infrastructure Finance Company Ltd (IIFCL). The funding will back the construction and development of the ACME Renewtech Sixth 300 MW Assured Peak Power Project in Rajasthan.

The debt package represents IIFCL's first direct greenfield financing transaction with ACME Solar. Under the terms of the agreement, IIFCL serves as the sole lender, providing project capital structured with a 19-year repayment tenor.

Strategic Financing and Project Specifications

The ₹1,571 crore loan facility brings ACME Solar's cumulative debt financing raised during the current financial year to ₹10,976 crore. The project operates under a signed 25-year Power Purchase Agreement (PPA) with the Solar Energy Corporation of India (SECI) at a fixed tariff of ₹6.28 per unit.

The facility, officially designated as the ACME Greentech Seventh project within company documentation, carries an estimated total capital expenditure of ₹2,123 crore. The architecture integrates utility-scale solar generation with a 1,350 MWh Battery Energy Storage System (BESS) designed to dispatch electricity on demand during peak grid periods.

Site Development Status and Infrastructure

Development of the Rajasthan complex is currently underway on a site with land acquisition substantially finalized. Grid connectivity approvals and access are operational, while work on the dedicated pooling substation and transmission lines has reached advanced construction phases.

The combination of BESS capacity with solar power generation enables the facility to fulfil firm supply requirements under its PPA obligations. Company updates indicate that the project forms part of a broader corporate deployment plan targeting utility-scale battery integration across northwest India.

Official Sources Section

The information detailed in this report originates from official regulatory disclosures filed by ACME Solar Holdings Limited with BSE Limited and the National Stock Exchange of India (NSE) on August 27, 2026. Additional institutional background regarding public sector project finance models is maintained through IIFCL, operating under the Department of Financial Services within the Ministry of Finance.

Statement from Company Disclosures

According to corporate press announcements filed with national securities exchanges:

"This project financing, secured at a competitive rate of interest, marks IIFCL's first sole greenfield finance to ACME, with IIFCL acting as the sole lender for the project with a repayment tenor of 19 years. The current funding milestone takes the overall financing secured by ACME Solar during this fiscal to INR 10,976 crore."

Why It Matters

The financial closure highlights the expanding role of hybrid renewable capacity—combining solar generation with large-scale battery storage—in supplying firm power to India's national grid. For regional electricity consumers and distribution utilities, hybrid battery systems reduce reliance on fossil-fuel thermal plants during peak evening demand hours while stabilizing grid frequencies. For institutional energy markets, long-term 19-year debt structures demonstrate continued banking sector willingness to fund large-scale energy storage ventures.

Key Facts at a Glance

• Project Scope: ACME Solar secured ₹1,571 crore in 19-year project financing from sole lender IIFCL.

• Asset Specifications: 300 MW renewable capacity paired with a 1,350 MWh BESS system in Rajasthan.

• Commercial Structure: 25-year SECI PPA at a fixed tariff of ₹6.28/kWh with a total project cost of ₹2,123 crore.

• Corporate Balance Sheet: ACME Solar has secured ₹10,976 crore in aggregate project debt during the current fiscal year.

Frequently Asked Questions

What is the capacity of the ACME Solar Rajasthan project?

The plant features a 300 MW assured peak power output capacity integrated with a 1,350 MWh Battery Energy Storage System (BESS).

Who is providing the debt funding for the project?

India Infrastructure Finance Company Ltd (IIFCL) is serving as the sole lender, providing ₹1,571 crore in project debt with a 19-year repayment term.

What is the power purchase agreement structure?

The project holds a 25-year PPA signed with SECI Limited at an agreed tariff rate of ₹6.28 per unit.

Where is the power facility located?

The entire generation and storage complex is located in Rajasthan, India.

Source: ACME Solar Holdings Limited BSE/NSE Regulatory Filing, India Infrastructure Finance Company Ltd (IIFCL), BSE Limited.