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Business
ACME Solar secures INR 1,571 crore loan from IIFCL for Rajasthan solar power project
✍️ Prop News Time
🗓 30 Aug 2026, 11:36 AM
👁 3
Solar developer ACME Solar has obtained a financing package of INR 1,571 crore from Indian Infrastructure Finance Company Limited to fund a new power project in Rajasthan.
ACME Solar, a prominent renewable‑energy developer in India, announced that it has secured a loan of INR 1,571 crore from Indian Infrastructure Finance Company Limited (IIFCL). The financing is designated for the development of a solar power plant in the state of Rajasthan, supporting the region's clean‑energy objectives.
IIFCL, a government‑owned infrastructure financing institution, stated that the loan will be released in tranches tied to the achievement of predefined project milestones. The funding arrangement is part of a broader push to attract private capital into India's renewable‑energy sector.
The agreement is expected to strengthen ACME Solar’s project pipeline and contribute to Rajasthan’s target of expanding solar capacity, although the exact size of the plant was not disclosed in the announcement.
IIFCL, a government‑owned infrastructure financing institution, stated that the loan will be released in tranches tied to the achievement of predefined project milestones. The funding arrangement is part of a broader push to attract private capital into India's renewable‑energy sector.
The agreement is expected to strengthen ACME Solar’s project pipeline and contribute to Rajasthan’s target of expanding solar capacity, although the exact size of the plant was not disclosed in the announcement.