ACME Solar Completes INR 2,147 Crore Refinancing for 450 MW Solar Portfolio
ACME Solar has completed an INR 2,147 crore refinancing for 12 operational SPVs representing 450 MW of solar capacity, redeeming their existing NCDs and offshore dollar bonds.
August 12, 2026. By Mrinmoy Dey
These SPVs together represent 450 MW of solar capacity and had issued the NCDs in August 2021 under the Restricted Group (RG) structure, stated the company. Concurrently, the underlying offshore dollar bonds under the orphan structure have also been fully redeemed. This takes the total financing raised so far during the current fiscal to INR 8,198 crore, stated the company.
RG Structure comprises 12 operational solar assets with 56 percent of the overall capacity being tied up with Central Utilities viz. SECI and NTPC, and the rest of the capacity tied up with various States offtakers. RG structure is provisionally rated as AA- by CARE Ratings, which demonstrates credit rating agency comfort on the operational and financial parameters of these assets.
This long-term refinancing has been availed from National Bank for Financing Infrastructure and Development (NaBFID). This has reduced the borrowing cost by approximately 150 basis points across these issuing SPVs, resulting in stronger project cash flows and an enhanced long-term capital structure, stated the company.
ACME Solar has a diversified portfolio of 8,070 MW spanning solar, wind, storage, FDRE and hybrid solutions and an operational contracted capacity of 2,990 MW and about 3.62 GWh of BESS capacity and under-construction contracted capacity of 5,080 MW. The under-construction PPA-signed portfolio stands at 3,880 MW, stated the company.
please contact: contact@energetica-india.net.
Ravi Chawla
MD & CEO
EV Growth Won’t Displace ICE Vehicles Anytime Soon: Ravi Chawla
Deepak Thakur
MD & CEO
Hinduja Renewables MD Deepak Thakur Says RTC and Storage Will Shape India’s Clean Energy Future
Ashish Kauleshnam
Associate Director & Vertical Head - Automotive Design, Engineering & Manufacturing
Ashish Kauleshnam, Tata Elxsi on How AI, Digital Engineering, Advancing Sustainable Mobility
Avinash Hiranandani
Vice Chairman and MD
Continuous Innovation is Fundamental to RenewSys’ Growth Strategy: Avinash Hiranandani
Sanjeev Aggarwal
Founder and Executive Chairman
Tie ALMM Implementation to Domestic Capacity, Not Calendar Deadlines: Sanjeev Aggarwal