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Events / Business / ACME Solar secures PFC funding for...
Business project financing

ACME Solar secures PFC funding for 250 MW project

Analysis based on 6 articles · First reported Jul 29, 2026 · Last updated Jul 29, 2026

Sentiment
30
Attention
2
Articles
6
Market Impact
General
Live prominence charts, article sentiment distribution, and event development timeline available on the Ergen Dashboard
Market Impact

The financing strengthens ACME Solar's balance sheet and supports its renewable energy pipeline, potentially boosting investor confidence in the company's growth trajectory. The involvement of state-owned lenders PFC and REC underscores institutional support for India's renewable energy sector, which may positively impact market sentiment for clean energy stocks.

renewable energy power generation banking
Event Summary

Acme Solar Holdings secured ₹3,404.57 crore in long-term project financing from Power Finance Corporation (PFC) for its 250 MW Firm and Dispatchable Renewable Energy (FDRE) project, ACME Urja One Phase III. The project combines solar, wind, and battery energy storage systems across India — Rajasthan and India — Gujarat, with commissioning expected in 2027. PFC is the sole financier with a 19-year repayment tenor. A 25-year power purchase agreement was signed with NHPC at a tariff of ₹4.33 per unit, approved by regulators. This brings ACME Solar's total project funding raised in the current fiscal year to ₹6,051 crore, following a separate ₹2,646.64 crore financing from REC Ltd for a 450 MW/1,800 MWh assured peak power project. ACME Solar's total portfolio stands at 8,070 MW, with 2,990 MW operational and 5,080 MW under construction.

Key Actions
90 Power Finance Corporation provided financing Acme Solar Holdings
80 Acme Solar Holdings signed PPA NHPC
70 Acme Solar Holdings secured funding
70 REC Limited provided financing Acme Solar Holdings
Entities Involved
priv
Acme Solar Holdings
ACME Solar is the developer and borrower, securing significant funding to advance its 250 MW FDRE project, enhancing its portfolio and financial position.
Importance 100.0 Sentiment 40.0
stock
Power Finance Corporation
PFC is the sole financier providing ₹3,404.57 crore long-term debt, reinforcing its role in funding renewable energy infrastructure.
Importance 80.0 Sentiment 20.0
stock
NHPC
NHPC signed a 25-year PPA to offtake power at ₹4.33/unit, ensuring revenue certainty for the project.
Importance 60.0 Sentiment 10.0
cnt
India
The project contributes to India's renewable energy targets and demonstrates institutional backing for clean energy infrastructure.
Importance 40.0 Sentiment 20.0
stock
REC Limited
REC provided separate financing of ₹2,646.64 crore for another ACME Solar project, indicating continued support for the company's pipeline.
Importance 30.0 Sentiment 10.0
loc
India — Rajasthan
The project's solar and wind components are located in India — Rajasthan, supporting local energy infrastructure and economic activity.
Importance 20.0 Sentiment 5.0
loc
India — Gujarat
The project's wind and storage components are located in India — Gujarat, contributing to the state's renewable energy capacity.
Importance 20.0 Sentiment 5.0
Relationships
Power Finance Corporation related ↔ India
India related ↔ REC Limited
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