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The Economic Times

Economy / The Economic Times

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ACME Solar secures Rs 2,647 crore REC funding for peak power project

ACME Solar Holdings secured significant project financing for a new renewable energy initiative. The company received 2,646.6 crore from REC for a 450 MW solar and storage project. This innovative project combines solar generation with battery storage for reliable power delivery. Electricity will be supplied to SJVN under a long-term power purchase agreement. The financing will support the development and construction of this crucial energy infrastructure.

17 Jul 2026 12:24 am