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ACME Solar Commissions First Phase of BESS Project in Rajasthan
POWER & RENEWABLE ENERGY

ACME Solar Commissions First Phase of BESS Project in Rajasthan

ACME Solar Holdings Ltd has secured debt financing of Rs 47,250 mn from Indian financial institutions through its subsidiaries to fund renewable energy projects and to optimise its capital structure by lowering financing costs. The financing package comprises a mix of fresh funding and refinancing with tenors ranging from 18 to 20 years. The company said the arrangement will provide longer term funding certainty and improved cost metrics for ongoing developments. The funding is expected to back both near term projects and longer term growth plans.

The group has commissioned the first phase of a battery energy storage system (BESS) project in Rajasthan as part of its phased rollout strategy. In addition, the company, through its subsidiary ACME Eco Clean Energy Pvt Ltd, commissioned 12 MW of wind capacity in Surendranagar, Gujarat in January 2026. The recent commissioning increased the project's operational capacity to 68 MW out of a planned 100 MW being brought online in stages.

The proceeds are intended to support construction and commissioning activities across battery storage and renewable generation assets and to optimise the existing capital structure. The extended tenors are expected to reduce refinancing risk and lower the average cost of debt over the asset life. Management indicated that the capital will also provide flexibility to synchronise project cash flows with repayment schedules. It will also assist in meeting contractual and operational milestones as units become operational.

The financing is expected to underpin continued phased commissioning and to strengthen balance sheet resilience as the firm scales its portfolio. The company will prioritise delivery milestones and operational performance to capture value from storage and wind assets. Market observers view the transaction as a sign of continued institutional support for large scale renewable investments in India. Analysts expect that secured long dated debt may encourage further institutional investment in storage technologies.

ACME Solar Holdings Ltd has secured debt financing of Rs 47,250 mn from Indian financial institutions through its subsidiaries to fund renewable energy projects and to optimise its capital structure by lowering financing costs. The financing package comprises a mix of fresh funding and refinancing with tenors ranging from 18 to 20 years. The company said the arrangement will provide longer term funding certainty and improved cost metrics for ongoing developments. The funding is expected to back both near term projects and longer term growth plans. The group has commissioned the first phase of a battery energy storage system (BESS) project in Rajasthan as part of its phased rollout strategy. In addition, the company, through its subsidiary ACME Eco Clean Energy Pvt Ltd, commissioned 12 MW of wind capacity in Surendranagar, Gujarat in January 2026. The recent commissioning increased the project's operational capacity to 68 MW out of a planned 100 MW being brought online in stages. The proceeds are intended to support construction and commissioning activities across battery storage and renewable generation assets and to optimise the existing capital structure. The extended tenors are expected to reduce refinancing risk and lower the average cost of debt over the asset life. Management indicated that the capital will also provide flexibility to synchronise project cash flows with repayment schedules. It will also assist in meeting contractual and operational milestones as units become operational. The financing is expected to underpin continued phased commissioning and to strengthen balance sheet resilience as the firm scales its portfolio. The company will prioritise delivery milestones and operational performance to capture value from storage and wind assets. Market observers view the transaction as a sign of continued institutional support for large scale renewable investments in India. Analysts expect that secured long dated debt may encourage further institutional investment in storage technologies.

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