ACME Solar Secures INR 1,100 Crore SBI Funding to Refinance 300 MW Rajasthan Project
ACME Solar Holdings has secured refinancing from SBI for a tenure of approximately 17 years.
September 23, 2025. By Abha Rustagi
This refinancing has been secured from State Bank of India (SBI) for a tenure of approximately 17 years and is consistent with the company’s strategy to optimise financing costs across its portfolio and strengthen its credit profile through rating upgrades.
The Company has been able to improve its projects’ credit ratings by demonstrating strong commitment to financial discipline and stability. The reduced cost of debt enables ACME Solar to further strengthen its financial position as it pursues significant capacity growth over the next few years.
Recently, ACME Solar had also emerged as one of the winners in Madhya Pradesh’s first Solar-plus-Storage project at Morena, securing Unit 2 with a tariff of INR 2.764/kWh, an auction where tariffs fell below INR 3/kWh for the first time in India. The project will deliver 220 MW of assured peak and solar power supply with 95 percent annual availability.
please contact: contact@energetica-india.net.
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