ACME Solar secures Rs 19.88 billion financing from PFC
ACME Solar has secured Rs 19.88 billion in term finance from Power Finance Corporation Ltd (PFC) for the development of a 300-MW wind-solar hybrid renewable energy project. ACME Renewtech Pvt Ltd, a subsidiary of ACME Solar Holdings Ltd, will utilize Rs 1.99 billion in financing for the project’s construction. The solar capacity will be developed in Bikaner, Rajasthan, while wind sites will be in Bhuj, Gujarat. The project already has a signed power purchase agreement…