DISCOMs continue to exceed their 3% fiscal deficit limit, highlighting need for state oversight
Besides direct lending, states continue to fund DISCOMs through grants and subsidies, but ongoing financial losses suggest the need for enhanced fiscal discipline and operational oversight.
ACME Solar Holdings assigned ‘AA-/Stable’ rating by ICRA
ICRA Ltd has assigned ‘AA-’ credit rating with ‘Stable’ outlook on ACME Solar Holdings’ long-term non-fund based bank facilities. The rating reflects ACME Solar’s diversified portfolio across multiple locations and offtakers (primarily central), revenue visibility from long-term power purchase agreements (PPAs), optimal generation performance and comfortable debt coverage metrics.
NPC Incorporated, Gosan Tech partner on perovskite solar module manufacturing
The alliance aims to utilize Gosan’s advanced inkjet printing technology in the manufacturing of perovskite modules, mainly for the Japanese and US markets.
