ACME Solar Holdings has secured domestic funding of Rs 1,000 crore for its subsidiary rated CRISIL AA- to refinance the existing debt and reduce financing cost by around 100 bps for its 300 MW renewable energy project in Rajasthan. This project has an operational track record of about 6 months and consistently maintaining optimum CUF levels.
The refinancing has been secured from State Bank of India for a tenure of approximately 17 years.