Barmer project tied to NHPC under 19-year repayment plan at Rs 4.64 per unit

Acme Venus Urja, a wholly owned subsidiary of Acme Solar Holdings, has tied up long-term project financing of Rs 3,892 crore from the State Bank of India to develop and build a 400 megawatt firm and dispatchable renewable energy (FDRE) project in Rajasthan.

The project, located in Barmer, is contracted with NHPC at a tariff of Rs 4.64 per unit, the company said in a statement on Thursday. The loan is structured with a repayment spread over 19 years.

Acme Solar said the FDRE project underscores its commitment to integrating renewable energy with storage and dispatchable capacity, aimed at strengthening India’s clean energy infrastructure.

Acme Solar Holdings, part of the Gurugram-based Acme Group founded in 2003. The company has developed solar projects across multiple states and has been an early mover in green hydrogen and ammonia ventures. Its operational portfolio runs into several gigawatts, with projects supplying power to state discoms, central agencies such as Seci, and industrial clients. Acme is also building one of the world’s largest green ammonia facilities in Oman, reflecting its expansion beyond India’s domestic solar market.