ACME Solar Secures ₹3,892 Crore to Launch 400 MW Round-the-Clock Renewable Energy Project – EQ
In Short : ACME Solar has secured ₹3,892 crore in funding for its 400 MW Firm and Dispatchable Renewable Energy (FDRE) project. The initiative will combine solar generation with advanced energy storage to provide round-the-clock renewable power, enhancing grid reliability. The project supports India’s renewable energy targets, demonstrates the commercial viability of dispatchable clean energy, and strengthens the country’s low-carbon transition.
In Detail : ACME Solar has secured ₹3,892 crore in project funding for its 400 MW Firm and Dispatchable Renewable Energy (FDRE) project, marking a major milestone in India’s clean energy expansion. The funding will enable the company to develop a project capable of providing round-the-clock renewable power.
The 400 MW FDRE project is designed to integrate solar generation with energy storage, ensuring consistent electricity supply even during non-sunlight hours. This approach addresses intermittency challenges and makes renewable power more reliable for industrial and grid applications.
ACME Solar’s funding comes from a combination of domestic and international financial institutions, reflecting strong investor confidence in India’s renewable energy market. The sizeable investment underscores the growing interest in long-duration and dispatchable clean energy solutions.
The project is expected to contribute significantly to India’s renewable energy targets, adding firm, reliable capacity that complements intermittent solar and wind installations. By delivering predictable energy output, the FDRE project supports grid stability and energy security.
Energy storage integration is a key component of the project. Advanced battery systems will store excess solar energy during peak generation and dispatch it during high-demand periods, ensuring continuous supply while reducing reliance on fossil fuels.
ACME Solar aims to demonstrate the commercial viability of large-scale, round-the-clock renewable energy projects. Success could encourage other developers to adopt similar models, accelerating India’s transition to low-carbon and sustainable energy infrastructure.
The project will also generate employment opportunities during construction and operation phases. Skilled and semi-skilled jobs, along with training programs, will help build a local workforce capable of supporting India’s expanding renewable energy sector.
Industry experts view the project as a critical step in bridging the gap between intermittent renewable generation and firm energy demand. By combining solar and storage, FDRE projects can transform India’s energy landscape and make clean power more dependable.
