Acme solar holdings project refinancing update
According to an exchange filing, Act Solar Holdings, India’s Leading Renewable Energy Company and Part of the Diversified Acme Group, have secured domestic project Facility of 1,072 Crore in Its 100 per cent Subsidiya Acme Aklera Power Technology Private Limited to Refinance The Existing DEBT and Reduce Financing Cost by 95 BPS to 8.5 Per CENT PER CENT PERNUS 250 MW Operational Project, in Rajasthan.
The project has an operational track record of Nearly 18 months and has achieved an annual cuff of 29.3 per cent in fy25.
This refinance of an 18-yar tenure has been secured from a consortium LED by Institutions Including Bank of America and Standard Chartered Bank. This has been helped in improving the project’s strategic alignment with acme solar’s goal of credit rating upgrade and reducing the overall finance cost of its Portfolio, Said the Company.
“The refinance aligns with our strategy to create an Efficient Capital Structure by Reduction The cost of debt while diversifying our sources of funding and lending partners. Projects’ Credit Rating by Demonstrate Our Commitment to Financial Discipline and Stability.
Financial position as we Pursue Capacity Growth over The Next Few Years, ”said Rajat Kumar Singh, Group Cfo of Accme Solar Holdings.
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