ACME SOLAR SECURES FUNDING FOR 300 MW POWER PROJECT

has secured Rs 1,571 crore in long-term project funding from India Infrastructure Finance Company Ltd (IIFCL). It secured this funding for developing it's 300 MW assured peak power project in the state of Rajasthan. The current funding milestone takes the overall financing secured by the company during the current fiscal year to Rs 10,976 crore. The company has secured the financing for the construction and development of ACME Renewtech Sixth’s 300 MW assured peak power project in the state of Rajasthan. This project financing also marks IIFCL’s first sole greenfield financing for ACME SOLAR. IIFCL is acting as the sole lender for the project, with a repayment tenor of 19 years.