India, Dec. 18 -- ACME Solar Holdings Ltd, through its subsidiaries, has secured a debt tie-up of Rs 4,725 crore from leading Indian financial institutions to fund the construction of renewable energy projects and optimise its capital structure by lowering financing costs. The financing includes both new project funding and refinancing, with tenors ranging between 18 and 20 years.
Under new greenfield financing, the company raised Rs 2,716 crore from Power Finance Corporation Ltd (PFC) for its 300 MW ACME Sigma FDRE project, which includes renewable generation with four hours of battery storage. In addition, ACME Solar secured its first greenfield project financing from National Bank for Financing Infrastructure Development (NaBFID) amount...