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2025-08-13 10:50:04 am | Source: Accord Fintech
ACME Solar Holdings shines as its arm secures long-term project financing of Rs 3184 crore from REC
ACME Solar Holdings shines as its arm secures long-term project financing of Rs 3184 crore from REC

Acme Solar Holdings is currently trading at Rs. 291.70, up by 5.55 points or 1.94% from its previous closing of Rs. 286.15 on the BSE.

The scrip opened at Rs. 288.60 and has touched a high and low of Rs. 293.95 and Rs. 286.05 respectively. So far 64639 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 304.15 on 11-Jul-2025 and a 52 week low of Rs. 167.55 on 28-Jan-2025.

Last one week high and low of the scrip stood at Rs. 293.95 and Rs. 266.00 respectively. The current market cap of the company is Rs. 17502.16 crore.

The promoters holding in the company stood at 83.41%, while Institutions and Non-Institutions held 12.37% and 4.22% respectively.

ACME Solar Holdings’ wholly owned subsidiary -- ACME Hybrid Urja has secured long-term project financing of Rs 3184 crore from REC for the development & construction of a 280 MW Firm & Dispatchable Renewable Energy Project (FDRE), contracted with NHPC. REC will serve as the sole lender for this project thereby provided long-term financing for 18 years. This is REC’s third financing initiative of ACME Solar’s FDRE project following financing of two other FDRE projects, earlier this year, with a cumulative capacity of 570 MW. These financing initiatives clearly underscore the strong confidence of leading lenders like REC in ACME’s project development & execution capabilities. 

The company signed a 25-year Power Purchase Agreement (PPA) with NHPC at a tariff of Rs 4.64 /Unit. This project combines multiple renewable energy technologies including Solar and Battery Energy Storage System (BESS) to meet the supply obligations and, ensures higher predictability and dispatchability. Designed to meet a minimum annual CUF of 40% and peak hours availability of 90% on a monthly basis, the project will contribute significantly to reducing greenhouse gas (GHG) emissions and to the country’s energy transition goal.

ACME Solar Holdings is a renewable energy company in India with a portfolio of solar, wind, hybrid and firm and dispatchable renewable energy projects.

 

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