ACME Solar Secures Rs 11 Billion Funding For Rajasthan Project

24 Sep 2025 CW Team

ACME Solar Holdings Limited has secured domestic funding of Rs 11 billion for its subsidiary, rated CRISIL AA-, to refinance existing debt and reduce financing costs by approximately 100 basis points for its 300 MW renewable energy project in Rajasthan. The project has been operational for around six months and has consistently maintained optimal CUF levels.

The refinancing has been arranged through the State Bank of India (SBI) for a tenure of approximately 17 years. This move aligns with ACME Solar’s strategy to optimise financing costs across its portfolio and strengthen its credit profile through rating upgrades.

The company has successfully enhanced its projects’ credit ratings by demonstrating strong financial discipline and stability. The reduced cost of debt further strengthens ACME Solar’s financial position as it pursues significant capacity expansion in the coming years.

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