ACME Solar Holdings has secured Rs 2,646 crore in long-term project financing from state-owned REC Limited to develop a 450 MW renewable energy project with 1,800 MWh of battery energy storage. 

The funding marks a significant step in strengthening India’s clean energy infrastructure and supporting round-the-clock renewable power generation.

The project is designed to deliver assured peak power, combining renewable energy with large-scale battery storage to ensure a reliable electricity supply even during periods when solar or wind generation is low. 

This hybrid approach is becoming increasingly important as India accelerates its transition toward a greener and more resilient power grid.

The financing from REC will enable ACME Solar to execute the project efficiently while expanding its growing renewable energy portfolio. The company currently manages a 7.39 GW pipeline across solar, wind, hybrid, and Firm & Dispatchable Renewable Energy (FDRE) projects, making it one of India’s leading independent power producers.

The latest funding also reflects strong institutional confidence in renewable energy projects that integrate battery storage, a technology expected to play a crucial role in balancing electricity demand and improving grid stability. As India targets 500 GW of non-fossil fuel power capacity by 2030, investments in renewable-plus-storage projects are expected to accelerate.

With REC’s financial backing, ACME Solar is well-positioned to expand its clean energy footprint while contributing to India’s long-term energy security, decarbonization goals, and the growing adoption of sustainable power solutions.

At 12:20 pm, the shares of ACME Solar were trading 0.65% higher at Rs 394.70 on NSE. 

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