ACME Renewtech secures a term loan of Rs 19.88 billion from PFC for 300 MW hybrid renewable project

ACME Solar Holdings Limited’s subsidiary, ACME Renewtech Private Limited, has secured a term loan of Rs 19.88 billion from Power Finance Corporation Limited (PFC) to fund the development and construction of a 300 MW solar-wind hybrid renewable project. Additionally, the company reported that a power purchase agreement (PPA) for the projects has already been signed with NTPC Limited. Grid connectivity for the project has been established, and land for solar capacity has also been acquired.