Market Performance
On Wednesday, August 13, Acme Solar Holdings share price rose up to 2%, touching ₹291.5 by 10 AM. The stock has delivered a 24.2% gain so far in 2025, reflecting strong investor sentiment.
Main News
Acme Solar Holdings Ltd. announced that its wholly-owned arm, ACME Hybrid Urja Pvt Ltd., has secured ₹3,184 crore in long-term project financing from REC Ltd. for its latest renewable energy initiative.
The financing will support the 280 MW Firm and Dispatchable Renewable Energy Project (FDRE) contracted with NHPC.
Company Details
- Project Lender: REC Ltd. (sole lender)
- Financing Duration: 18 years
- Project Capacity: 280 MW FDRE
- Previous REC Projects: Two earlier contracts in 2025, totaling 570 MW capacity
- Power Purchase Agreement: 25 years with NHPC
- Tariff: ₹4.64 per unit
Project Highlights
The FDRE project integrates solar power with a battery energy storage system (BESS) to ensure higher supply reliability.
- Minimum Annual CUF: 40%
- Peak Hours Availability: 90% monthly
This technology mix is designed to provide predictable and dispatchable renewable power over the long term.
Summary
The Acme Solar Holdings share price saw an uptick following the announcement of major financing support from REC Ltd. This marks the third REC-backed FDRE project for the company in 2025, underlining its expanding footprint in India’s renewable energy sector.
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