ACME Solar secures significant refinancing for its 450 MW portfolio, marking a trend of treating operational clean energy assets as long-term infrastructure and expanding into complex renewable projects with battery storage.
ACME Solar has secured refinancing worth ₹2,147 crore for a 450 MW renewable energy portfolio, in a move that underscores how operational clean power assets are increasingly being treated as long-term infrastructure rather than start-up bets. The transaction is expected to lower funding costs, ease repayment pressure and free up cash for future expansion, according to the company’s disclosure highlighted by EQ Mag Pro.
The deal comes as ACME Solar is expanding beyond simple solar generation into more complex firm and dispatchable renewable energy, or FDRE, projects that combine solar power with battery storage. Earlier reports from The Economic Times, Renewable Watch, Financial Express and Business Standard said the company had separately secured long-term project financing of about ₹2,646 crore to ₹2,647 crore from REC Ltd. for its 450 MW/1,800 MWh ACME Greentech Seventh project, with REC acting as sole lender for 20 years. Those reports said the project is backed by a 25-year power purchase agreement with SJVN.
According to Business Standard and Energetica India, the SJVN contracts cover 450 MW of FDRE capacity at a tariff of ₹6.64 per unit, while other reports put the tariff at ₹6.74 per unit. The projects are intended to supply assured peak power during non-solar hours, using battery storage to improve predictability and dispatchability. Business Standard also reported that the projects are due to begin supply on March 1, 2028.
The refinancing also fits a broader trend in India’s renewable sector, where developers are increasingly recycling capital from operating assets to support new projects. ACME Solar, which Energetica India said has a portfolio spanning solar, wind, storage, hybrid and FDRE assets, appears to be using a stronger balance sheet to widen its pipeline while keeping long-term debt manageable.
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