ACME’s Solar Gamble Pays Off—₹10.72B Refinance Sparks Renewed Growth

Image Source: PSU Watch

ACME Solar Holdings Pvt Ltd (NSE: ACMO.NS) has completed refinancing of ₹10.72 billion for its 250 MW operating solar power project in Rajasthan, one of India's leading renewable energy developers' major financial achievements. The deal should optimize the company's capital structure and increase long-term cash flows.

1. Project Overview

The 250 MW solar power plant is already operational and located in Rajasthan, which is one of India's top solar energy hubs.
Refinancing will, most likely, replace earlier high-cost debt with improved terms, making the project viable and returning increased profits.
ACME has not made known the names of lending banks but the deal reflects strong investor sentiment regarding the quality of the company assets.

2. Strategic Importance

This refinancing is a part of ACME's overall approach to de-complexify its balance sheet and unlock capital to invest in green energy going forward.
The company possesses a portfolio of more than 8.5 GW of operational, under-development, and pipeline projects in India and abroad.
ACME continues to be a leader in India's energy transition goals with a focus on solar, green hydrogen, and hybrid energy solutions.

3. Market Snapshot

As of June 24, 2025, ACME Solar's stock was around ₹203.56 with the 52-week range of ₹167.75- ₹292.40.
The firm has been actively pursuing opportunities for capital recycling and refinancing to remain financially agile amid rising interest rates and shifting energy policies.

Sources: Investing.com, Reuters, ACME Group