ACME Solar Holdings Ltd has secured a debt financing package of ₹4,725 crore from leading Indian financial institutions. This funding aims to support the construction of renewable energy projects and optimize the company's capital structure by reducing financing costs. The financing includes new greenfield funding of ₹2,716 crore from Power Finance Corporation Ltd for a 300 MW solar project with battery storage, and ₹800 crore from the National Bank for Financing Infrastructure Development for a 150 MW solar plus energy storage system project. Additionally, ACME Solar has secured ₹1,209 crore from Yes Bank for refinancing its 300 MW ACME Sikar Solar project. This refinancing is expected to reduce the cost of debt by 170 bps initially, and up to 195 bps eventually. This marks the first long-term refinancing for ACME Solar from Yes Bank. In the current financial year, the company has raised approximately ₹10,590 crore in greenfield financing, bringing the total debt tie-up for projects with signed PPAs under construction to over 90%. The company has also refinanced approximately ₹3,380 crore of debt, achieving a rate reduction of about 135 bps, along with an additional rate reduction of around 60 bps on ₹4,035 crore of debt for other projects. ACME Solar has also expanded its non-fund based limits from various banks, including ICICI Bank, Standard Chartered Bank, First Abu Dhabi Bank, and EXIM Bank, to help reduce the cost of debt through trade finance during project construction stages.