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( As on 13/08/2025 10:13)

ACME Solar arm secures Rs 3,184 cr funding from REC

ACME Solar Holdings Ltd on Wednesday announced that its subsidiary, ACME Hybrid Urja Pvt Ltd, has secured ?3,184 crore in project financing from state-run REC Ltd for a 280 MW Firm and Dispatchable Renewable Energy (FDERE) project.

REC will act as the sole lender, providing long-term funding for 18 years, the company said in a statement. The funds will be utilised for the development and construction of the FDERE project, which has been contracted with NHPC.