HomeUncategorizedRajasthan Solar Project Gets Funding Boost

Rajasthan Solar Project Gets Funding Boost

ACME Solar Holdings has secured a ₹1,072 crore refinancing package for its 250 MW operational solar project in Rajasthan. The move not only enhances the project’s financial efficiency but also signals growing investor confidence in large-scale solar infrastructure. Following the announcement, ACME Solar’s shares climbed 2.7% on the Bombay Stock Exchange to reach a day’s high of ₹252.20.

The refinancing has been facilitated for ACME Aklera Power Technology, a wholly owned subsidiary of ACME Solar. Operational for the past 18 months, the project recorded an impressive Capacity Utilisation Factor (CUF) of 29.3% for FY25—a metric that underscores its strong energy output and technical performance in Rajasthan’s solar-rich terrain.

The newly secured facility will replace earlier high-cost debt, reducing the interest rate by 95 basis points to 8.5% per annum. The financing arrangement, with a tenure of 18 years, was led by a consortium of top-tier domestic lenders, including Bank of America and Standard Chartered Bank. This long-term refinancing is expected to significantly lower debt servicing pressure while improving the project’s internal rate of return.ACME Solar’s Group Chief Financial Officer stated that the transaction reflects the company’s ongoing strategy to rationalise its capital structure. By cutting down the cost of borrowing and diversifying its lender base, ACME is aiming to increase financial resilience while unlocking value across its renewable portfolio.

This latest deal adds to the ₹4,575 crore in refinancing that the company has completed over the last six months. The cumulative effort reflects a broader pivot in India’s solar sector—towards leaner, more agile financing models that can better support the scale and ambition of the country’s clean energy targets.Market analysts remain bullish on the company’s prospects. As per available data, the average target price for ACME Solar shares stands at ₹310, offering an upside potential of about 26% from current levels. The stock’s Relative Strength Index (RSI) is at 51.1, indicating a neutral momentum. While it currently trades below its 20-day and 30-day moving averages, it remains above longer-term benchmarks such as the 50-day, 100-day, and 200-day SMAs, suggesting underlying strength in investor sentiment.

From a macroeconomic lens, the deal demonstrates a critical convergence between sustainable energy ambitions and financial innovation. As India moves toward its 2030 goal of installing 500 GW of non-fossil fuel-based energy capacity, such successful refinancing cases reaffirm solar energy’s viability as a robust and investable asset class.With solar developers increasingly looking to recycle capital and lower project-level risk, long-tenured, competitively priced debt is becoming a vital enabler. ACME Solar’s progress on this front may serve as a blueprint for similar ventures aiming to scale up without overstretching their financials.

In a rapidly evolving energy landscape, the Rajasthan solar project’s funding boost is not just a corporate win—it reflects the growing maturity of India’s green economy and the pivotal role of financial engineering in making sustainable infrastructure both viable and valuable.

Also Read : Govt Plans ₹10cr Bicholim-Dodamarg Route Upgrade

Rajasthan Solar Project Gets Funding Boost
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