ACME Solar Holdings Ltd, a Gurugram-headquartered renewable energy developer, has secured INR 4,725 crore (~$520 million) in debt financing to support construction and optimise capital costs. According to ACME Solar, the funding includes INR 2,716 crore (~ $299 million) from Power Finance Corporation for the 300 MW ACME Sigma FDRE project with four-hour battery storage and INR 800 crore (~ $88 million) from NaBFID (National Bank for Financing Infrastructure and Development) for the 150 MW ACME Platinum Solar plus ESS project with two-hour storage. Both greenfield projects have grid connectivity and are under advanced construction. ACME Solar also refinanced INR 1,209 crore (~ $133 million) for the 300 MW Sikar solar project through Yes Bank, reducing borrowing costs by up to 195 basis points. The company said the transactions strengthen its long-term funding mix and expand its domestic banking relationships.