Gurugram, June 23, 2025 — In a major move toward financial optimization and growth, ACME Solar Holdings Limited, one of India’s leading integrated renewable energy developers, has secured a ₹1,072 crore refinancing package for its 250 MW operational solar project in Rajasthan. The financing has been routed through its wholly owned subsidiary, ACME Aklera Power Technology Private Limited, marking a significant milestone in the company’s broader debt restructuring roadmap.

Refinancing Details: A Strategic Capital Restructure

The new 18-year refinancing facility was arranged through a consortium led by Bank of America and Standard Chartered Bank, two marquee global financial institutions. With this arrangement, ACME has managed to cut the debt servicing cost by 95 basis points to 8.5% per annum, a notable improvement in the current interest rate environment.

This refinance replaces the existing debt on the Rajasthan project, which has been operational for nearly 18 months and recorded an impressive annual Capacity Utilization Factor (CUF) of 29.3% for FY25.

“The refinancing aligns with our strategy to create an efficient capital structure by reducing the cost of debt while diversifying our funding sources,” said Rajat Kumar Singh, Group CFO, ACME Solar Holdings.
“This also enables us to strengthen our credit profile as we continue scaling up renewable capacity over the next few years.”

Part of a Broader ₹4,575 Crore Refinance Strategy

This transaction is the latest in a series of refinancing activities totalling ₹4,575 crore that ACME Solar has undertaken over the past six months. The group’s objective has been to capitalize on lower-cost debt options post-commercial operation of projects. Such moves are expected to enhance credit ratings, free up cash flows, and increase operational margins.

While Bank of America was already among the lenders to the ACME Group, this transaction marks a first-time entry of Standard Chartered into ACME’s project-level funding pool.

Reinforcing Global Confidence in Indian Renewables

The participation of two prominent global banks signals strong international lender confidence in India’s renewable energy sector and specifically in ACME’s operational and execution capabilities.

This move also aligns with broader trends in India’s green energy transition, where project refinancing is gaining traction as developers look to optimize cost structures post-COD (Commercial Operations Date).

ACME’s Operational and Development Pipeline

ACME Solar Holdings currently operates 2,826.2 MW of renewable capacity across India, with another 4,143.8 MW under various stages of implementation, totaling 6,970 MW across solar, wind, FDRE, and hybrid energy formats.

With in-house EPC and O&M teams, ACME ensures timely, cost-effective execution while delivering industry-leading CUFs and high-margin operations. The refinancing is expected to support further expansion of its portfolio in India and possibly abroad.

About ACME Solar Holdings:

Founded as part of the ACME Group, ACME Solar has emerged as a front-runner in India's renewable energy revolution, specializing in solar energy development, execution, and operation. The company integrates project development, engineering, procurement, construction, and operations & maintenance, thereby ensuring full control over quality and timelines.

In FY25, ACME continues to be a leader not only in scale but also in financial prudence, as seen by its aggressive debt optimization strategy.

Looking Ahead: Sustainable Growth Powered by Financial Discipline

With the ₹1,072 crore refinancing now complete, ACME Solar Holdings is well-positioned to consolidate its financial base, reduce leverage, and unlock capital for greenfield project development.

The company’s forward-looking approach — rooted in sustainable energy generation, operational efficiency, and financial innovation — positions it as a long-term value creator in the Indian and global renewable markets.

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