ACME Solar Lands Rs 1,988 Crore Financing from Power Finance Corporation for 300 MW Renewable Energy Project
2024-12-26
The Financial Express
In a significant boost to India's renewable energy sector, ACME Solar Holdings has secured a substantial term loan financing of Rs 1,988 crore from Power Finance Corporation (PFC). This funding will be utilized for the development and construction of a 300 MW Solar-Wind Hybrid Renewable Energy Project, marking a major milestone in the company's efforts to promote sustainable energy solutions and reduce carbon footprint. With this investment, ACME Solar is poised to contribute significantly to India's renewable energy goals, leveraging innovative solar energy and wind energy technologies to create a cleaner and greener future. The project is expected to play a vital role in the country's transition to renewable energy sources.
