ACME Solar Holdings has raised long-term project funding of ₹3,404.57 crore for its 250 MW Firm and Dispatchable Renewable Energy project. The venture is being developed under a project entity named ACME Urja One Phase 3 and has received significant financial participation from Power Finance Corporation to enable its full development and construction.

Power Finance Corporation will serve as the sole financier of this substantive renewable initiative. The financial agreement is structured with a repayment term spread over 19 years.

Project funding and commercial arrangements

ACME Solar Holdings reports this recent financial achievement as a key element to bolster its overall capital arrangements efforts. Under this arrangement, the total project fund raised by the company during the ongoing fiscal year stands at ₹6,051 crore. The company’s investment signifies the nation’s growing institutional backing and interest in complicated, massive clean energy infrastructure investments.

A long-term Power Purchase Agreement framework is basic to commercial contracts for the 250 MW FDRE. The PPA was signed between ACME Solar Holdings and NHPC for 25 years. In this executed agreement, electricity produced from the plant shall be sold at the fixed tariff of ₹4.33 per unit.

The tariff rate of ₹4.33 per unit has also received all regulatory approvals. It is fully approved and adopted by both the Central and State Regulators. The approval allows for long-term tariff visibility and revenue certainty for the project during its full life of 25 years of operation, giving the project a strong contractual framework for the developer and power procurer.

Physical infrastructure and core technical architecture

The ACME Urja One Phase 3 project is designed as a Firm and Dispatchable Renewable system. The facility combines multiple complementary clean energy technologies in a single package to create high dispatchability and operational predictability. The key technical design of the PWS consists of Solar power generation, Wind power capacity, and an advanced Battery Energy Storage System.

The use of solar, wind, and energy storage systems ensures that power output variations are adequately accounted for while meeting strict obligations on the power supply. The integrated Battery Energy Storage System enables the facility to hold excess electricity when demand is low and release it at peak demand times, ensuring that there is sufficient energy supply to the power grid at the times of most demand.

The physical layout for the 250 MW FDRE project is spread across several locations in western India. The project includes facilities at Fatehgarh-2 in Jaisalmer district of Rajasthan and Jamkhambhaliya in Dwarka district of Gujarat.

Its strategic geographic locations have already acquired the necessary pre-construction conditions. The company has stated that the land parcels and power transmission connectivity configuration arrangements are already complete at these identified locations in Rajasthan and Gujarat. Development of the project continues to move forward well, and the full facility is expected to be officially commissioned next year.

Conclusion

This marks a significant milestone, with the company successfully raising ₹3,404.57 crores in long-term debt from PFC through its ACME Urja One Phase 3 project. The multi-technology hybrid power plant in Rajasthan and Gujarat is a substantial step forward in the world of dispatchable renewable power, made possible through a 25-year power purchase agreement with NHPC at an approved tariff of ₹4.33 per unit, with a repayment horizon of 19 years.

The project demonstrates the real-world application of integrated, clean energy solutions that provide predictable power to the grid, as it continues to move forward toward full commissioning next year.