ACME Solar Holdings, one of India’s leading renewable energy companies and a part of the diversified ACME Group, has secured a significant domestic project finance facility worth ₹1,072 crore for its 100% subsidiary, ACME Aklera Power Technology Private Limited. The funds will be used to refinance existing debt and reduce the financing cost by 95 basis points, bringing it down to 8.5% per annum.
The refinancing supports ACME’s 250 MW operational solar power project in Rajasthan, which has been generating power for around 18 months with an impressive capacity utilization factor (CUF) of 29.3% in FY25.
This 18-year refinancing facility has been led by a consortium of prominent financial institutions, including Bank of America and Standard Chartered Bank. While Bank of America was already a lender to ACME Group, this transaction marks the inclusion of both Bank of America and Standard Chartered as project finance lenders within the group.
The move aligns with ACME Solar’s broader strategy to lower debt costs and enhance its credit profile. In the past six months alone, the company has refinanced ₹4,575 crore across projects as part of its post-operations financial strategy.
