+
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.

Next Story
Building Material

NITI Aayog Unveils Cement Decarbonisation Roadmap

NITI Aayog has released a sector-specific decarbonisation roadmap for cement as part of three green transition reports covering cement, aluminium and MSMEs. The report projects cement production rising to around 2,100 million tonnes by 2070 from 391 million tonnes in 2023, while targeting a reduction in carbon intensity to 0.09–0.13 tCO₂e per tonne. It recommends clinker substitution, refuse-derived fuels, CCUS adoption and carbon trading mechanisms to enable deep decarbonisation. ..

Next Story
Technology

Genesys Launches Advanced GeoRadar System

Genesys International Corporation has launched an advanced Ground Penetrating Radar (GPR) solution from IDS GeoRadar for underground utility mapping in India. The system uses patented Equalised Scrambling Technology (EST) and Wide/Multi-Array Antenna Technology to deliver high-resolution three-dimensional imaging of subsurface infrastructure. The technology enables the detection and mapping of buried assets such as water pipelines, sewer networks, telecom cables and power lines. By providing detailed subsurface insights, the system aims to help urban authorities and infrastructure developers ..

Next Story
Infrastructure Urban

Hindustan Zinc Partners Virginia Tech to Boost Silver Recovery

Hindustan Zinc Limited recently signed a Memorandum of Understanding (MoU) with Virginia Tech to advance research aimed at improving silver recovery across its lead–zinc (Pb–Zn) concentrators. The collaboration will focus on refining flotation techniques and optimising reagent usage to improve concentrate quality and operational efficiency at processing plants.Virginia Tech, based in Blacksburg, Virginia, is globally recognised for its expertise in mining engineering, mineral processing and applied metallurgical research. Through this partnership, Hindustan Zinc will leverage global resear..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Open In App