Shardul Amarchand Mangaldas Advised Power Finance Corporation On ₹2,046.24 Crore Financing Of ACME Urja One’s 380 MW Hybrid Power Project
Shardul Amarchand Mangaldas advised Power Finance Corporation on ₹2,046.24 crore financing of ACME Urja One’s 380 MW hybrid power project
The leading law firm in India, Shardul Amarchand Mangaldas & Co. acted as legal counsel to Power Finance Corporation Limited (PFC) in connection with the ₹2,046.24 crore term loan financing for Phase I of a 380 MW hybrid solar–wind–battery energy storage system (BESS) power project being developed by ACME Urja One Private Limited in Andhra Pradesh and Madhya Pradesh.
The secured rupee term loan facility was extended by PFC to part-finance the estimated project cost for Phase I of the hybrid power project, comprising:
- Anantapur, Andhra Pradesh: 406 MWp / 280 MW solar capacity with 600 MWh BESS
- Agar Malwa, Madhya Pradesh: 64 MW wind capacity with 40 MWh BESS
The project is promoted by ACME Solar Holdings Limited through its special purpose vehicle, ACME Urja One Private Limited. The financing will support the development of large-scale, multi-technology renewable energy infrastructure across multiple states, enabling the deployment of integrated storage-backed generation assets aimed at enhancing grid reliability and supporting India’s clean energy transition.
The SAM transaction team was led by Anurag Dwivedi (Partner), with support from Prince Singh (Principal Associate), Shashwat Bhaskar (Senior Associate), Amitanshu Saxena (Senior Associate), Rahul Pai (Senior Associate), Aditya Arora (Senior Associate), Chaitanya Kashyap (Associate), Shravani Bhide (Associate), Agrima Aron (Associate), and Shantanu (Associate).
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