ACME Solar secures ₹1,100 crore refinancing from SBI for 300 MW project in Rajasthan
ACME Solar Holdings announced on Tuesday that it has secured ₹1,100 crore in domestic financing from the State Bank of India (SBI) for its 300 MW renewable energy project in Rajasthan.
The funding will be used to refinance existing debt, lowering the project’s financing cost by nearly 100 basis points. SBI has extended this refinancing for a tenure of about 17 years.
