Deals23 Jun 2025, 01:27 pm
ACME Solar Secures Rs. 1,072 Crore Refinancing for 250 MW Project in Rajasthan
AI Summary
ACME Solar Holdings, a leading renewable energy company in India, has secured a domestic project finance facility of Rs. 1,072 crore for its 250 MW operational project in Rajasthan. The refinancing, from a consortium led by Bank of America and Standard Chartered Bank, will reduce the financing cost by 95 bps to 8.5% per annum. The project has an operational track record of ~18 months and has achieved an annual CUF of 29.3% in FY25. This refinancing aligns with ACME's strategy to create an efficient capital structure and improve its financial position as it pursues capacity growth.
Key Highlights
- Secured Rs. 1,072 crore refinancing for 250 MW operational project in Rajasthan
- Refinancing from a consortium led by Bank of America and Standard Chartered Bank
- Financing cost reduced by 95 bps to 8.5% per annum
- Project has an operational track record of ~18 months and has achieved annual CUF of 29.3% in FY25
- Refinancing aligns with ACME's strategy to create an efficient capital structure and improve its financial position