Category: All News

ACME Solar Holdings Ltd (ACME Solar) has secured INR 3,404.57 crore long-term project funding for its ACME Urja One Pvt Ltd (Phase – III) 250 MW FDRE project from Power Finance Corporation Limited (PFC) for the development & construction of the project. PFC will serve as the sole financer for this project with a repayment tenor of 19 years.  

The current funding milestone takes the overall project funding raised by the company during this fiscal to Rs 6,051 crores.  The PPA for this project was signed with NHPC Limited for a period of 25 years at a tariff of INR 4.33/unit. The tariff is already approved and adopted by Central and State Regulator.

The ACME Urja One (Phase-III) FDRE project combines multiple renewable energy technologies including Solar, Wind and Battery Energy Storage System (BESS) to meet the supply obligations and, ensures higher predictability and dispatchability. It spans across Fategarh-II in Jaisalmer, Rajasthan and Jamkhambhaliya in Devbhumi Dwarka, Gujarat with necessary land and connectivity already in place. The development of this project is progressing on schedule and is expected to be commissioned next year.

ACME Solar Holdings Limited is a leading integrated renewable energy player with a diversified portfolio of 8,070 MW spanning solar, wind, storage, FDRE and hybrid solutions and an operational contracted capacity of 2,990 MW and ~3.62 GWh of BESS capacity and under construction contracted capacity of 5,080 MW. The under construction PPA signed portfolio stands at 3,880 MW. With an in-house EPC and O&M division, the company does end-to-end development and O&M of the plants, thereby delivering projects in a time & cost-effective manner while ensuring best in class operating performance evident in its industry leading CUF and operating margins.

India’s flagship PM Surya Ghar: Muft Bijli Yojana has achieved a major milestone, with 39,72,447 rooftop solar (RTS) systems installed across the country, benefiting 48,02,717 households as of 22 July 2026. The scheme continues to accelerate residential solar adoption by combining higher financial assistance, affordable financing, and innovative implementation models to make rooftop solar accessible to households across different income groups.

To improve affordability, the government has introduced higher Central Financial Assistance (CFA) for the first 2 kWp of rooftop solar capacity under the scheme. In addition, beneficiaries can avail collateral-free loans from nationalised banks at a concessional interest rate of repo rate plus 50 basis points, which currently works out to 5.75% per annum, with a repayment tenure of 10 years. The scheme also incorporates the Renewable Energy Service Company (RESCO) and Utility-Led Aggregation (ULA) models to encourage wider participation and faster deployment of rooftop solar systems.

The programme has witnessed strong financial support from the government over the past three financial years. Budgetary allocations have increased significantly to support the rapid expansion of rooftop solar installations, reflecting the government’s commitment to promoting clean energy adoption and reducing household electricity costs. As of 22 July 2026, expenditure under the scheme for FY 2026-27 had already crossed ₹10,392 crore, demonstrating steady implementation progress.

The growing number of rooftop solar installations has translated into tangible benefits for consumers. According to the government, electricity bills have reduced substantially for households that have installed rooftop solar systems under the scheme. Notably, more than 18.93 lakh households have reported receiving zero electricity bills during certain months, depending on their electricity consumption and self-generation levels. This highlights the scheme’s role in lowering household energy expenses while promoting distributed renewable energy generation.

The information was shared by Union Minister of State for New and Renewable Energy, Shri Shripad Yesso Naik, in a written reply in the Rajya Sabha, underscoring the government’s continued focus on expanding rooftop solar adoption as part of India’s clean energy transition and energy security goals.

India’s flagship PM Surya Ghar: Muft Bijli Yojana has achieved a major milestone, with 39,72,447 rooftop solar (RTS) systems installed across the country, benefiting 48,02,717 households as of 22 July 2026. The scheme continues to accelerate residential solar adoption by combining higher financial assistance, affordable financing, and innovative implementation models to make rooftop solar accessible to households across different income groups.

To improve affordability, the government has introduced higher Central Financial Assistance (CFA) for the first 2 kWp of rooftop solar capacity under the scheme. In addition, beneficiaries can avail collateral-free loans from nationalised banks at a concessional interest rate of repo rate plus 50 basis points, which currently works out to 5.75% per annum, with a repayment tenure of 10 years. The scheme also incorporates the Renewable Energy Service Company (RESCO) and Utility-Led Aggregation (ULA) models to encourage wider participation and faster deployment of rooftop solar systems.

The programme has witnessed strong financial support from the government over the past three financial years. Budgetary allocations have increased significantly to support the rapid expansion of rooftop solar installations, reflecting the government’s commitment to promoting clean energy adoption and reducing household electricity costs. As of 22 July 2026, expenditure under the scheme for FY 2026-27 had already crossed ₹10,392 crore, demonstrating steady implementation progress.

The growing number of rooftop solar installations has translated into tangible benefits for consumers. According to the government, electricity bills have reduced substantially for households that have installed rooftop solar systems under the scheme. Notably, more than 18.93 lakh households have reported receiving zero electricity bills during certain months, depending on their electricity consumption and self-generation levels. This highlights the scheme’s role in lowering household energy expenses while promoting distributed renewable energy generation.

The information was shared by Union Minister of State for New and Renewable Energy, Shri Shripad Yesso Naik, in a written reply in the Rajya Sabha, underscoring the government’s continued focus on expanding rooftop solar adoption as part of India’s clean energy transition and energy security goals.

India’s flagship PM Surya Ghar: Muft Bijli Yojana has achieved a major milestone, with 39,72,447 rooftop solar (RTS) systems installed across the country, benefiting 48,02,717 households as of 22 July 2026. The scheme continues to accelerate residential solar adoption by combining higher financial assistance, affordable financing, and innovative implementation models to make rooftop solar accessible to households across different income groups.

To improve affordability, the government has introduced higher Central Financial Assistance (CFA) for the first 2 kWp of rooftop solar capacity under the scheme. In addition, beneficiaries can avail collateral-free loans from nationalised banks at a concessional interest rate of repo rate plus 50 basis points, which currently works out to 5.75% per annum, with a repayment tenure of 10 years. The scheme also incorporates the Renewable Energy Service Company (RESCO) and Utility-Led Aggregation (ULA) models to encourage wider participation and faster deployment of rooftop solar systems.

The programme has witnessed strong financial support from the government over the past three financial years. Budgetary allocations have increased significantly to support the rapid expansion of rooftop solar installations, reflecting the government’s commitment to promoting clean energy adoption and reducing household electricity costs. As of 22 July 2026, expenditure under the scheme for FY 2026-27 had already crossed ₹10,392 crore, demonstrating steady implementation progress.

The growing number of rooftop solar installations has translated into tangible benefits for consumers. According to the government, electricity bills have reduced substantially for households that have installed rooftop solar systems under the scheme. Notably, more than 18.93 lakh households have reported receiving zero electricity bills during certain months, depending on their electricity consumption and self-generation levels. This highlights the scheme’s role in lowering household energy expenses while promoting distributed renewable energy generation.

The information was shared by Union Minister of State for New and Renewable Energy, Shri Shripad Yesso Naik, in a written reply in the Rajya Sabha, underscoring the government’s continued focus on expanding rooftop solar adoption as part of India’s clean energy transition and energy security goals.

India’s flagship PM Surya Ghar: Muft Bijli Yojana has achieved a major milestone, with 39,72,447 rooftop solar (RTS) systems installed across the country, benefiting 48,02,717 households as of 22 July 2026. The scheme continues to accelerate residential solar adoption by combining higher financial assistance, affordable financing, and innovative implementation models to make rooftop solar accessible to households across different income groups.

To improve affordability, the government has introduced higher Central Financial Assistance (CFA) for the first 2 kWp of rooftop solar capacity under the scheme. In addition, beneficiaries can avail collateral-free loans from nationalised banks at a concessional interest rate of repo rate plus 50 basis points, which currently works out to 5.75% per annum, with a repayment tenure of 10 years. The scheme also incorporates the Renewable Energy Service Company (RESCO) and Utility-Led Aggregation (ULA) models to encourage wider participation and faster deployment of rooftop solar systems.

The programme has witnessed strong financial support from the government over the past three financial years. Budgetary allocations have increased significantly to support the rapid expansion of rooftop solar installations, reflecting the government’s commitment to promoting clean energy adoption and reducing household electricity costs. As of 22 July 2026, expenditure under the scheme for FY 2026-27 had already crossed ₹10,392 crore, demonstrating steady implementation progress.

The growing number of rooftop solar installations has translated into tangible benefits for consumers. According to the government, electricity bills have reduced substantially for households that have installed rooftop solar systems under the scheme. Notably, more than 18.93 lakh households have reported receiving zero electricity bills during certain months, depending on their electricity consumption and self-generation levels. This highlights the scheme’s role in lowering household energy expenses while promoting distributed renewable energy generation.

The information was shared by Union Minister of State for New and Renewable Energy, Shri Shripad Yesso Naik, in a written reply in the Rajya Sabha, underscoring the government’s continued focus on expanding rooftop solar adoption as part of India’s clean energy transition and energy security goals.

India’s flagship PM Surya Ghar: Muft Bijli Yojana has achieved a major milestone, with 39,72,447 rooftop solar (RTS) systems installed across the country, benefiting 48,02,717 households as of 22 July 2026. The scheme continues to accelerate residential solar adoption by combining higher financial assistance, affordable financing, and innovative implementation models to make rooftop solar accessible to households across different income groups.

To improve affordability, the government has introduced higher Central Financial Assistance (CFA) for the first 2 kWp of rooftop solar capacity under the scheme. In addition, beneficiaries can avail collateral-free loans from nationalised banks at a concessional interest rate of repo rate plus 50 basis points, which currently works out to 5.75% per annum, with a repayment tenure of 10 years. The scheme also incorporates the Renewable Energy Service Company (RESCO) and Utility-Led Aggregation (ULA) models to encourage wider participation and faster deployment of rooftop solar systems.

The programme has witnessed strong financial support from the government over the past three financial years. Budgetary allocations have increased significantly to support the rapid expansion of rooftop solar installations, reflecting the government’s commitment to promoting clean energy adoption and reducing household electricity costs. As of 22 July 2026, expenditure under the scheme for FY 2026-27 had already crossed ₹10,392 crore, demonstrating steady implementation progress.

The growing number of rooftop solar installations has translated into tangible benefits for consumers. According to the government, electricity bills have reduced substantially for households that have installed rooftop solar systems under the scheme. Notably, more than 18.93 lakh households have reported receiving zero electricity bills during certain months, depending on their electricity consumption and self-generation levels. This highlights the scheme’s role in lowering household energy expenses while promoting distributed renewable energy generation.

The information was shared by Union Minister of State for New and Renewable Energy, Shri Shripad Yesso Naik, in a written reply in the Rajya Sabha, underscoring the government’s continued focus on expanding rooftop solar adoption as part of India’s clean energy transition and energy security goals.

Lightsource bp and Meta have finalized a long-term power purchase agreement (PPA) to support Mowata Solar, a 172MWdc (150MWac) solar project in development in Acadia Parish, Louisiana. This PPA will add new generation to the local grid, furthering Meta’s commitment to expanding energy capacity in the regions where it operates.

This announcement marks another solar energy PPA with Meta managed by Lightsource bp. In 2022, Meta signed a long-term PPA for energy generated by the 134MWdc (107MWac) Arche Solar, in Gorham Township, Ohio.

“We’re committed to ensuring that the communities and grid infrastructure across Louisiana benefit from our presence. Partnering with Lightsource bp to bring 150MWac of new solar energy online through Mowata Solar is a meaningful step — it adds generation to the local grid and supports economic growth in Acadia Parish. We’re proud to contribute to a more resilient and energy-abundant Louisiana,” said Amanda Yang, Head of Clean & Renewable Energy, Meta.

“Expanding our partnership with Meta through this PPA reinforces Lightsource bp’s ability to scale renewable energy solutions alongside the technology sector’s growing energy and operational needs. With Mowata Solar, Lightsource bp is investing $237 million in Louisiana’s energy infrastructure, creating hundreds of construction jobs and providing lasting economic benefits to Acadia Parish. This partnership exemplifies how renewable energy can support technological innovation and drive meaningful economic growth in communities across the Pelican State,” said Emilie Wangerman, Lightsource bp’s Chief Operating Officer and Head of USA.

Lightsource bp’s power purchase solutions are designed to work alongside other forms of energy, as part of an integrated power strategy. Lightsource bp works under flexible commercial frameworks to shape tailored solutions around each customer’s specific priorities, combining grid-ready capacity, the latest technological solutions, and extensive experience in shaping diverse power profiles.

Lightsource bp and Meta have finalized a long-term power purchase agreement (PPA) to support Mowata Solar, a 172MWdc (150MWac) solar project in development in Acadia Parish, Louisiana. This PPA will add new generation to the local grid, furthering Meta’s commitment to expanding energy capacity in the regions where it operates.

This announcement marks another solar energy PPA with Meta managed by Lightsource bp. In 2022, Meta signed a long-term PPA for energy generated by the 134MWdc (107MWac) Arche Solar, in Gorham Township, Ohio.

“We’re committed to ensuring that the communities and grid infrastructure across Louisiana benefit from our presence. Partnering with Lightsource bp to bring 150MWac of new solar energy online through Mowata Solar is a meaningful step — it adds generation to the local grid and supports economic growth in Acadia Parish. We’re proud to contribute to a more resilient and energy-abundant Louisiana,” said Amanda Yang, Head of Clean & Renewable Energy, Meta.

“Expanding our partnership with Meta through this PPA reinforces Lightsource bp’s ability to scale renewable energy solutions alongside the technology sector’s growing energy and operational needs. With Mowata Solar, Lightsource bp is investing $237 million in Louisiana’s energy infrastructure, creating hundreds of construction jobs and providing lasting economic benefits to Acadia Parish. This partnership exemplifies how renewable energy can support technological innovation and drive meaningful economic growth in communities across the Pelican State,” said Emilie Wangerman, Lightsource bp’s Chief Operating Officer and Head of USA.

Lightsource bp’s power purchase solutions are designed to work alongside other forms of energy, as part of an integrated power strategy. Lightsource bp works under flexible commercial frameworks to shape tailored solutions around each customer’s specific priorities, combining grid-ready capacity, the latest technological solutions, and extensive experience in shaping diverse power profiles.