India’s renewable energy landscape is steadily gaining international traction, and ACME Solar Holdings continues to be at the forefront. As of June 23, 2025, ACME Solar Holdings share price was trading at ₹246.10 on the NSE, showing a marginal decline of 0.57%.
ACME Solar Holdings has successfully secured ₹1,072 crore in domestic project finance to refinance its 250 MW operational project in Rajasthan. This funding was raised through its wholly owned subsidiary, ACME Aklera Power Technology Private Limited. The refinancing aims to lower the financing cost by 95 basis points to 8.5% per annum.
The solar project, operational for nearly 18 months, reported a strong annual capacity utilisation factor (CUF) of 29.3% in FY25. The refinancing facility, with a tenure of 18 years, was arranged through a consortium led by Bank of America and Standard Chartered Bank.
This refinancing is part of ACME Group’s broader plan to restructure post-commissioning debt. In the past 6 months alone, the group has refinanced a total of ₹4,575 crore. These efforts are aimed at reducing the cost of capital and achieving a credit rating upgrade across its renewable energy portfolio.
While Bank of America was already a lending partner, this refinancing initiative marks the addition of Standard Chartered to ACME’s growing list of project finance partners, further diversifying its lender base.
The transaction reflects international lenders’ sustained confidence in both the Indian renewable sector and ACME Solar’s operational expertise. The company’s ability to secure financing from prominent global institutions underscores its credibility and financial discipline.
Rajat Kumar Singh, Group CFO of ACME Solar Holdings, stated, “The refinancing aligns with our strategy to create an efficient capital structure by reducing the cost of debt while diversifying our sources of funding and lending partners. We have been able to improve our projects’ credit ratings by demonstrating our commitment to financial discipline and stability.”
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ACME Solar Holdings is one of India’s foremost integrated renewable energy companies with a diverse portfolio totalling 6,970 MW across solar, wind, hybrid, and flexible dispatch solutions. Its operational capacity stands at 2,826.2 MW, while an additional 4,143.8 MW is under various stages of development.
The company’s integrated approach, featuring in-house engineering, procurement, construction, and operations and maintenance capabilities, ensures timely and cost-effective project execution. This model has consistently delivered strong performance metrics, including industry-leading CUF and operating margins.
The refinancing development marks a significant financial step for ACME Solar’s Rajasthan project. It also reflects continued interest from global institutions in India’s renewable energy sector.
Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
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Published on: Jun 23, 2025, 3:09 PM IST
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