By Ectionsacme Solar
Copyright indiatimes
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ACME Solar Holdings on Tuesday said it has raised Rs 1,100 crore in domestic funding from the State Bank of India for its 300 MW renewable energy project in Rajasthan. The funds will be utilised to refinance the existing debt and reduce financing cost by around 100 bps for the Rajasthan project. This refinancing has been secured from the State Bank of India (SBI) for a tenure of approximately 17 years. ACME Solar Holdings said the refinancing is consistent with the company’s strategy to optimize financing costs across its portfolio and strengthen its credit profile through rating upgrades. The 300 MW renewable energy project in Rajasthan has an operational track record of about six months and has consistently maintained optimum capacity utilization factor (CUF) levels.Live Events The reduced cost of debt enables ACME Solar to strengthen its financial position further as it pursues significant capacity growth over the next few years.Add as a Reliable and Trusted News Source Add Now!
ACME Solar Holdings is an integrated renewable energy player with a diversified portfolio spanning solar, wind, storage, Firm and Dispatchable Renewable Energy (FDRE) and hybrid solutions and an operational capacity of 2,890 MW.(You can now subscribe to our Economic Times WhatsApp channel)
Read More News onacme solar holdingsstate bank of indiaACME Solar refinancingRs 1100 crore fundingSBI renewable energy loanRajasthan solar projectrenewable energy financingcapacity growth in solar energyfinancial profile optimizationState Bank of India projects
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(You can now subscribe to our Economic Times WhatsApp channel)Read More News onacme solar holdingsstate bank of indiaACME Solar refinancingRs 1100 crore fundingSBI renewable energy loanRajasthan solar projectrenewable energy financingcapacity growth in solar energyfinancial profile optimizationState Bank of India projects(Catch all the Business News, Breaking News, Budget 2025 Events and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online….moreless
