<ul><li>ACME Solar Holdings has secured a Rs 2,491 crore long-term refinancing facility to reduce the cost of debt for renewable energy projects.</li><li>The projects have been secured from SBI and REC at a reduced weighted average interest rate of 8.8%.</li><li>The refinancing initiative helped improve the credit profile and obtain a higher credit rating for Andhra Pradesh and Punjab entities.</li><li>ACME Solar Holdings aims to achieve a capacity of 6970 MU within the next three years.</li></ul>

ACME Solar Holdings Wins Rs 2,491 Crore Refinancing Facility

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