Debt

Debt financing

Renewable energy player ACME Sun secures Rs.3,753-Cr term loan

Business Standard  

ACME Sun Power, a wholly-owned subsidiary of ACME Solar Holdings, has secured an INR 3,753-crore term loan from state-owned REC Ltd, for the development and construction of a 320-MW firm and dispatchable renewable energy (FDRE) project in collaboration with SJVN.An FDRE plant ensures round-the-clock power supply, assisting power distribution companies (discoms) in fulfilling their renewable purchase obligations and energy storage obligations.The project would be located at high resource potential areas at Jaisalmer, Rajasthan for solar capacity and Bhuj and Jam Khambhaliya, Gujarat for wind sites.