ACME Venus Urja Private Limited, a wholly owned subsidiary of ACME Solar Holdings Limited, has secured long-term project funding of ₹3,892 crore from the State Bank of India (SBI) for the development and construction of a 400 MW Firm and Dispatchable Renewable Energy (FDRE) project in Barmer, Rajasthan. The financing has a 19-year repayment period, marking ACME’s largest funding from SBI and the bank’s first investment in an FDRE project.
The project is contracted with NHPC at a tariff of ₹4.64 per unit. It will integrate solar power generation with a Battery Energy Storage System (BESS) to enhance dispatchability and ensure reliable supply in line with the Power Purchase Agreement (PPA). This hybrid model strengthens grid stability while meeting growing demand for round-the-clock renewable energy.
ACME Solar Holdings Limited is one of India’s leading renewable energy companies, specializing in the development, ownership, and operation of large-scale solar power projects. Since its inception, the company has played a pivotal role in advancing India’s clean energy transition, building a diversified portfolio across multiple states with a focus on efficiency, scale, and sustainability. ACME Solar is known for pioneering innovative project models, driving down tariffs, and delivering reliable solar power to utilities, industries, and commercial consumers.
With a portfolio of utility-scale solar projects and hybrid renewable energy ventures, ACME Solar continues to strengthen its position as a key contributor to India’s renewable energy capacity addition targets. The company emphasizes cutting-edge technology, cost optimization, and sustainable practices, aligning its growth with India’s long-term energy security and climate goals. By fostering partnerships and leveraging deep industry expertise, ACME Solar is committed to creating value for stakeholders while enabling a greener future.
