ACME Solar Secures Long-Term Finance for Solar-Plus-Storage Project

The 20-year REC loan will fund a dispatchable renewable energy project connected to the interstate transmission network. ACME Solar Holdings has secured ₹2,646.64 crore in long-term financing from REC Ltd to develop its 450 MW/1,800 MWh Assured Peak Power (Firm and Dispatchable Renewable Energy – FDRE) project, strengthening its renewable energy and battery storage portfolio.