ACME Solar Holdings secures INR 2,300 crore NaBFID loan for 450 MW solar projects refinancing

National Bank for Financing Infrastructure and Development (NaBFID) is a development finance institution established by the Government of India in 2021. It provides long-term debt financing for a wide range of infrastructure projects across India, having sanctioned over $12 billion in financial assistance by early 2024.

ACME Solar Holdings is one of India’s leading renewable energy independent power producers (IPP), managing a 7.39 GW portfolio across solar, wind, hybrid, and firm & dispatchable renewable energy (FDRE) projects. The company develops, builds, owns, and operates large-scale clean energy solutions with integrated in-house capabilities, and is expanding into solar PV module manufacturing and green hydrogen/ammonia production.