+
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.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code