ACME Solar secures Rs. 1,100 crore (US$ 123.93 million) SBI funding for 300 MW project in Rajasthan

ACME Solar Holdings, on September 23, 2025, announced it has secured Rs. 1,100 crore (US$ 123.93 million) in domestic funding from the State Bank of India (SBI) for its 300 MW renewable energy project in Rajasthan. The refinancing, with a tenure of around 17 years, will be used to repay existing debt and reduce financing costs by approximately 100 basis points. The project, operational for about six months, has consistently achieved optimal capacity utilisation factor (CUF) levels. ACME Solar said the move aligns with its strategy to optimise financing costs across its portfolio while strengthening its credit profile through rating upgrades.
The reduced cost of debt is expected to bolster ACME Solar’s financial position as it pursues capacity expansion in the coming years. ACME Solar Holdings is an integrated renewable energy company with a diversified portfolio spanning solar, wind, storage, Firm and Dispatchable Renewable Energy (FDRE), and hybrid solutions, with an operational capacity of 2,890 MW. The refinancing demonstrates the company’s continued focus on sustainable growth and efficient capital management while supporting India’s renewable energy targets.

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