ACME Solar Holdings has raised Rs 1,100 crore in domestic funding from the State Bank of India (SBI) for its 300 MW operational renewable energy project in Rajasthan.

The refinancing deal, with a tenure of approx. 17 years, is expected to reduce financing costs by around 100 basis points, improving the project’s financial efficiency. The Rajasthan plant has been operational for six months and has consistently delivered optimal capacity utilisation factor (CUF) levels. This move aligns with ACME’s broader strategy to optimise debt costs, strengthen its credit profile, and target future rating upgrades.

The reduced debt burden will support the company’s expansion plans across its diversified portfolio, which includes 2,890 MW of operational assets across solar, wind, storage, and hybrid renewable solutions. As ACME continues to grow its capacity pipeline, the SBI refinancing strengthens its financial foundation and underscores lender confidence in the project’s performance and long-term viability.