ACME Solar Holdings announced on Tuesday, September 23, 2025, that it has successfully secured ₹1,100 crore in domestic refinancing from the State Bank of India (SBI). This substantial funding is earmarked for its impressive 300 MW renewable energy project located in Rajasthan.
The primary goal of this refinancing initiative is to replace existing debt and significantly reduce the project’s financing costs by approximately 100 basis points, thereby enhancing its financial efficiency.
This crucial refinancing deal with SBI comes with a lengthy tenure of about 17 years, providing long-term financial stability for the project.
ACME Solar Holdings emphasized that this move aligns perfectly with its overarching strategy: to continuously optimize financing expenses across its diverse portfolio and bolster its credit profile through potential rating upgrades.
The 300 MW renewable energy project in Rajasthan has already demonstrated a strong operational performance over its initial six months, consistently achieving optimal Capacity Utilization Factor (CUF) levels.
By securing a reduced cost of debt, ACME Solar is well-positioned to further strengthen its financial standing. This will be instrumental as the company gears up to pursue substantial capacity growth in the clean energy sector over the coming years.
As a leading integrated renewable energy provider, ACME Solar Holdings boasts a robust and diversified portfolio. This includes operational capacities in solar, wind, storage solutions, Firm and Dispatchable Renewable Energy (FDRE), and various hybrid solutions, totaling an impressive 2,890 MW.