ACME Solar Holdings bags Rs 3,892 crore funding from SBI for renewable project in Rajasthan
ACME Solar Holdings’ wholly owned subsidiary, ACME Venus Urja, has secured long-term project funding of Rs 3,892 crore from State Bank of India (SBI) to develop its upcoming renewable energy project in Rajasthan.
Funding for 400 MW FDRE Project in Barmer
The company in its regulatory filing highlighted that the funds will be used to develop and construct a 400 MW Firm and Dispatchable Renewable Energy (FDRE) project in Barmer, Rajasthan. The financing is spread across 19 years, marking ACME’s largest-ever funding from SBI. This also happens to be SBI’s first financing for ACME’s FDRE projects.
