Mumbai, Sept. 11 -- The funds will be used for the development and construction of a 400 MW Firm and Dispatchable Renewable Energy (FDRE) project located in Barmer, Rajasthan. The repayment of the loan will be spread over 19 years.

The Barmer-based FDRE project is contracted with NHPC at a tariff of Rs 4.64/unit. It will integrate solar power generation with a Battery Energy Storage System (BESS) to ensure greater reliability and dispatchability, in line with the requirements of the power purchase agreement (PPA).

ACME Solar Holdings is a fully integrated renewable energy company in India with a diversified portfolio across solar, wind, storage, hybrid and Firm and Dispatchable Renewable Energy (FDRE) projects.

The company's consolidat...