ACME Solar Holdings has secured a significant debt financing of Rs 4,725 crore from leading Indian financial institutions to support its renewable energy projects and optimise its capital structure. 

The financing includes Rs 2,716 crore from Power Finance Corporation for the 300 MW ACME Sigma FDRE project, which includes four hours of battery storage, and Rs 800 crore from the National Bank for Financing Infrastructure Development (NaBFID) for the 150 MW ACME Platinum Solar + ESS project, which features two hours of battery storage. Both projects are already in advanced stages of construction with connectivity in place. 

Additionally, ACME Solar secured Rs 1,209 crore from Yes Bank for the refinancing of its 300 MW ACME Sikar Solar project, helping to reduce debt costs by up to 195 basis points. This brings the total greenfield financing raised by the company in the current financial year to Rs 10,590 crore leading to overall debt tie up of more than 90% of PPA signed under construction projects. 

A company representative stated, "This financing supports our commitment to renewable energy growth and cost optimization."  The company's total renewable energy capacity is 7,520 MW, comprising 2,942 MW of operational capacity and 4,578 MW currently under construction, which also includes approximately 15 GWh of BESS installations.