ACME Solar Holdings Limited , a leading player in the renewable energy sector, has successfully secured a significant refinancing deal for one of its key projects in Rajasthan. The company announced that it has obtained Rs 1,100 crore in refinancing from the State Bank of India (SBI) for its subsidiary's 300 MW renewable energy project in the state.

Refinancing Details

The refinancing arrangement brings substantial benefits to ACME Solar:

• Loan Amount: Rs 1,100 crore
• Lender: State Bank of India (SBI)
• Tenure: Approximately 17 years
• Cost Reduction: Financing costs reduced by about 100 basis points

Project Highlights

The 300 MW renewable energy project in Rajasthan, for which the refinancing has been secured, showcases promising operational metrics:

• Operational Period: About 6 months
• Performance: Maintaining optimum capacity utilization factor (CUF) levels
• Subsidiary Rating: CRISIL AA-

Strategic Implications

This refinancing aligns with ACME Solar's broader strategy to optimize its financial structure:

1. Cost Optimization: The deal aims to reduce financing costs across the company's portfolio.
2. Credit Profile Enhancement: The refinancing is expected to strengthen ACME Solar's overall credit profile.
3. Operational Stability: The project's consistent performance in maintaining optimal CUF levels demonstrates operational efficiency.

Company Overview

ACME Solar Holdings Limited has established itself as a significant player in the renewable energy sector:

• Operational Capacity: 2,890 MW
• Diverse Portfolio: Includes solar, wind, storage, and hybrid solutions
• Integrated Approach: In-house EPC (Engineering, Procurement, and Construction) and O&M (Operations and Maintenance) capabilities

Market Position

The company's ability to secure this refinancing from SBI, one of India's largest public sector banks, underscores its strong market position and creditworthiness. The CRISIL AA- rating of the subsidiary further attests to its financial stability and operational excellence.

Future Outlook

With this refinancing, ACME Solar is well-positioned to:

1. Pursue capacity growth in the coming years
2. Further strengthen its financial position
3. Potentially achieve rating upgrades, enhancing its credit profile

This move by ACME Solar reflects the growing confidence in India's renewable energy sector and the increasing willingness of major financial institutions to support sustainable energy projects.

ACME Solar Holdings Limited has announced the termination of its share purchase agreement (SPA) for the acquisition of AK Renewable Infra Private Limited. The decision comes after mutual discussions between the parties involved.

Key Details

• The original share purchase agreement was executed on September 5, 2025.
• The termination of the agreement took effect on September 13, 2025.
• The decision was made in accordance with the relevant provisions of the SPA.

Official Communication

In a regulatory filing dated September 14, 2025, ACME Solar Holdings Limited informed the stock exchanges about the development. The company stated, "parties have, after discussions, mutually agreed not to proceed with the transaction."

Background

ACME Solar Holdings Limited, formerly known as ACME Solar Holdings Private Limited, is a player in the renewable energy sector. The company had initially planned to acquire AK Renewable Infra Private Limited, likely as part of its growth strategy in the renewable energy market.

Market Implications

While the specific reasons for the termination were not disclosed, such decisions can have various implications for companies in the renewable energy sector. Investors and market analysts will likely be watching closely to see how this development might affect ACME Solar's future growth plans and market position.

The termination of this acquisition deal highlights the dynamic nature of the renewable energy market and the complexities involved in corporate transactions within the sector.

Shareholders and potential investors are advised to keep an eye on further announcements from ACME Solar Holdings Limited regarding its strategic direction and future acquisition plans.