Mumbai, July 29 -- The funding has been raised through subsidiary ACME Urja One (Phase-III) for the development and construction of the project. PFC will be the sole lender, with the loan carrying a repayment tenure of 19 years.

With this transaction, ACME Solar has raised Rs 6,051 crore in project funding during the current financial year.

The project has a 25-year power purchase agreement (PPA) with NHPC, with a tariff of Rs 4.33 per unit. The tariff has already been approved and adopted by the central and state regulators.

The FDRE project integrates solar, wind and battery energy storage system (BESS) technologies to provide a more reliable and dispatchable renewable power supply. It is being developed across Jaisalmer, Rajasthan, ...