Acme Solar has secured US$50m cxredit facility from IFC

Acme Solar has secured a credit facility of US$50m from International Finance Corporation (IFC) to fund its solar energy projects over two years. Of the total fund, US$12.5 million will go to develop the 25 Mw solar energy project in Madhya Pradesh (MP), which entails an investment of around US$36 million.

The project is scheduled for commissioning in November 2013.