Debt

Debt financing

Renewable energy co. ACME Solar's arm secures Rs.15,000-Cr

Business Standard  

Gurugram-based renewable energy player ACME Solar has raised INR 15,000 crore in debt for its greenfield projects. The company wants to increase capacity to 7 Gw by 2028 through hybrid and renewable projects, including firm and dispatchable renewable energy (FDRE). In the first phase the firm plans to invest INR 15,000 crore and INR 17,000 crore to increase operational capacity to 5 GW by 2026.