ACME Solar on Thursday announced it had secured ₹2,646.64 crore for its ACME Greentech Seventh 450MW/1800MWh Assured Peak Power Project from public sector financer REC Ltd. ($RECLTD).
The funding is secured with a long-term perspective on the implementation of the project over 20 years.
Seperately, ACME Solar announced its wholly owned subsidiary ACME Suryodaya Pvt Ltd had commissioned a 15 MW/240.752 MWh Battery Energy Storage System (BESS) in Jaisalmer, Rajasthan, also on Thursday.
The BESS, which brings ACME Suryodaya's total commissioned capacity to 300 MW, is expected to begin commercial operations on Saturday.