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ACME Solar Energy Secures Rs 2,491cr Refinancing for RE Projects

ACME Solar Holdings has secured a Rs 2,491 crore long-term project finance facility for 490 MW operational renewable energy projects in Andhra Pradesh, Rajasthan, and Punjab.

This refinancing has been secured from SBI and REC. The financing applies to projects with a strong operational track record - 160 MW in Andhra Pradesh and 30 MW in Punjab for nine years, and 300 MW in Rajasthan for three years. Under a co-obligor structure, Andhra Pradesh and Punjab projects have received an improved credit rating, aligning with ACME’s goal of financial stability and cost reduction across all projects.

As a leader in India's clean energy transition, ACME Solar currently operates 2,540 MW of capacity, with a target of reaching 6,970 MW within three years. This refinancing strengthens its financial position, supporting future expansion and clean energy development.

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