ACME Solar raises Rs 1,571 crore for 300 MW Rajasthan power project

Mumbai: ACME Solar Holdings Thursday said it has raised ₹1,571 crore project funding from India Infrastructure Finance Company Ltd (IIFCL) to develop ACME Renewtech Sixth's 300 MW assured peak power project in Rajasthan.

The current funding boosted the overall financing secured by ACME Solar so far this fiscal year to ₹10,976 crore. The power purchase agreement (PPA) for this project has been executed with Solar Energy Corporation of India Ltd for a period of 25 years at a tariff of ₹6.28/unit.