ACME Greentech Seventh 450MW FDRE Project
Sector: Solar • Location: India
Source: Whalesbook
ACME Solar Holdings Ltd has secured ₹2,646.64 crore in long-term funding from REC Ltd for its 450MW capacity and 1800MWh Battery Energy Storage System (BESS) project, known as ACME Greentech Seventh. The project is backed by a 25-year Power Purchase Agreement (PPA) with SJVN Limited at a tariff of ₹6.74 per unit, providing significant revenue visibility. The financial closure with REC Ltd de-risks
- Status
- Closed
- Sector
- Solar, Energy Storage, Power Generation (CCGT)
- Location
- India
- Updated
- 22 Jul 2026
- Source
- Whalesbook
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Project Information
Participants
| Not available for this record. |
Status
Original status | awarded |
Taiyo status | Closed |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | ACME Solar Holdings Ltd has secured ₹2,646.64 crore in long-term funding from REC Ltd for its 450MW capacity and 1800MWh Battery Energy Storage System (BESS) project, known as ACME Greentech Seventh. The project is backed by a 25-year Power Purchase Agreement (PPA) with SJVN Limited at a tariff of ₹6.74 per unit, providing significant revenue visibility. The financial closure with REC Ltd de-risks the project development and allows the company to proceed with construction and energization, contributing to its expanding portfolio of BESS-integrated renewable energy assets. |
Original sector | Energy |
Budget |
Location
Country | India |
Source
Source | Whalesbook |
URL |
More Details
Record type | Project |
Sector | Solar, Energy Storage, Power Generation (CCGT) |
Article published date | 2026-07-18 |
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