ACME Solar secures Rs 1,100 crore refinancing for Rajasthan project
ACME Solar Holdings Limited has arranged Rs 1,100 crore for refinancing debt for a 300 MW renewable energy project in Rajasthan and lowering borrowing costs by about 100 basis points. The project has been operational for six months and has maintained stable capacity utilisation factor (CUF) levels during this period. The refinancing has been arranged through the State Bank of India (SBI) with a tenure of nearly 17 years. According to the company, the transaction…