India, July 16 -- ACME Solar has secured Rs 2,646.64 crore in long-term project financing from REC Ltd for its 450 MW/1,800 MWh Firm and Dispatchable Renewable Energy (FDRE) project.
The funding will be used for the development and construction of the project, with REC Ltd acting as the sole lender for a 20-year tenure. The project has a 25-year Power Purchase Agreement (PPA) with SJVN Ltd at a tariff of Rs 6.74 per unit.
The project integrates solar power and Battery Energy Storage System (BESS) technologies to ensure reliable, predictable, and dispatchable renewable energy supply.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....