ACME Solar Holdings has incorporated a wholly owned subsidiary (WOS) namely �ACME Greentech Eighteen�. The WOS has been incorporated with an objective to undertake businesses relating to development, establishment and operation of power generation and renewable energy projects. Powered by Capital Market - Live News

ACME Solar Holdings has incorporated a wholly owned subsidiary (WOS) namely �ACME Greentech Fifteen�. The WOS has been incorporated with an objective to undertake businesses relating to development, establishment and operation of power generation and renewable energy projects. Powered by Capital Market - Live News

ACME Solar Holdings (ACME Solar), through its various subsidiaries, has secured debt tie-up of INR 4,725 crore from leading Indian financial institutions to fund the construction of renewable energy projects and optimize its capital structure by reducing financing costs. The capital raise includes financing and refinancing for a tenor ranging from 18 to 20 years for the projects mentioned below:New Greenfield Financings: Rs 2,716 crore from Power Finance Corporation (PFC) for 300 MW ACME Sigma FDRE project (Renewable with four hours of battery storage) and First greenfield Project financing for Acme from National Bank for Financing Infrastructure Development (NaBFID) of Rs 800 crore from for 150 MW ACME Platinum Solar + ESS project (with two hours of battery storage with 50% availability). Both these projects have connectivity in place and are in advance stages of construction.Refinancing: Rs 1,209 crore secured from Yes Bank towards refinancing operational project of 300 MW ACME Sikar Solar project enabling reduction in cost of debt initially by 170 bps and eventually by 195 bps. This is first long-term refinancing from Yes Bank for ACME Solar.With this round of financing, in the current financial year company has secured ~Rs 10,590 crore of greenfield financing leading to overall debt tie up of more than 90% of PPA signed under construction projects. Further, company has refinanced debt of ~Rs 3,380 crore, achieving a ~135 bps rate reduction on refinanced debt and additional rate reduction of ~ 60 bps on ~ Rs 4,035 crore debt for other projects which includes two operational projects moving to fixed rate regime with existing lender. This initiative is consistent with the Company`s long-term funding strategy to maintain a well-diversified and strategic mix of fixed and floating rate borrowings.Non-fund based limits- ACME Solar has also expanded Non-fund based limits from various Banks this year including ICICI Bank, Standard Chartered Bank, First Abu Dhabi Bank, EXIM Bank etc. These limits assist in reducing cost of debt through trade finance during construction stage of project.Powered by Capital Market - Live News

ACME Solar Holdings has appointed Ayalur S Kumar as Chief Procurement Officer and Supply Chain of the company strengthening its leadership team as it accelerates its growth plans of achieving 10 GW operational contracted capacity by 2030 in the renewable energy business. Kumar brings 30 years of experience in procurement, supply chain strategies, operations and logistics across renewable energy, EV infrastructure, biorefinery and power sectors, including more than 15 years in senior leadership roles. He has deep expertise in building and scaling procurement organizations, leading cross-cultural teams, driving supplier relationship management and sustainability assessments, and optimizing globally aligned yet locally anchored supply chains, with a track record of high-tech component sourcing, project insurance optimization and technology transfer. His prior roles with Fortum, Skoda Power, ABB and Alstom along with strong academic foundation that includes a B.Tech in Mechanical Engineering and an MBA in International Business from IIFT, New Delhi. Powered by Capital Market - Live News

ACME Solar Holdings through its wholly-owned subsidiary, ACME Platinum Urja, has signed a 25-year Power Purchase Agreement (PPA) with SECI for its 200 MW Solar with 100 MW/400 MWh ESS project at a tariff of INR 3.42 per unit. The PPA was signed on 24 November 2025 post adoption of tariff by Central Regulator and power procurement approval by State Regulator. SECI had awarded the Letter of Award to ACME Solar for a cumulative capacity of 350 MW in July 2024, out of which the Company had already signed a PPA for 150 MW in October 2024. The current milestones brings the project`s full capacity under PPA. Under the project, ACME Solar is required to supply power with annual Capacity Utilization Factor (CUF) of 25%-27% during solar hours, and ensure minimum availability of 70% on a monthly basis and 85% on an annual basis during the evening peak hours. The project is scheduled to be commissioned by June 2027. Project timeline will benefit from final grant of connectivity already available for this project with Acme Solar. Following this milestone, ACME Solar has cumulatively signed PPAs of 800 MW contracted capacity which include BESS capacity of 2,320 MWh in the current financial year. This brings ACME Solar`s overall PPA signed capacity to 5,380 MW. Powered by Capital Market - Live News