ACME Cleantech has successfully arranged a ₹5,600 crore loan from Power Finance Corporation (PFC) to finance a groundbreaking renewable energy project in Andhra Pradesh. This project aims to provide round-the-clock nationwide renewable energy supply, marking a significant milestone in India’s green energy sector.
The loan, with a tenor of 17 years, underscores PFC’s commitment to supporting large-scale renewable energy initiatives. This financial backing will enable ACME Cleantech to develop and operationalize the project, contributing to India’s ambitious renewable energy targets and reducing the nation’s carbon footprint.
ACME Cleantech, a leading player in the renewable energy space, has been at the forefront of innovative energy solutions. The new project in Andhra Pradesh is set to enhance the availability and reliability of renewable energy across the country. By leveraging this substantial loan, ACME aims to build state-of-the-art infrastructure to ensure a consistent and sustainable energy supply.
The project aligns with the Indian government’s vision of achieving significant renewable energy capacity and fostering sustainable development. It also reflects ACME Cleantech’s dedication to advancing clean energy technologies and expanding its renewable energy portfolio.
This strategic collaboration between ACME Cleantech and Power Finance Corporation highlights the increasing importance of financing in driving the renewable energy transition. With this financial support, ACME is well-positioned to deliver on its promise of a greener and more sustainable energy future for India.
