Finance

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.

TotalEnergies announced it is acquiring a 49% interest in natural gas assets in Oklahoma on the same day it announced it is selling a 50% stake in its North American solar portfolio.

Solar Energy Corp. of India’s maiden debenture issue received an overwhelming response with 43 bids totaling INR 2,156.75 crore, against the total issue size of INR 600 crore.

Oyster Renewable Energy has achieved financial closure for its 342 MW solar-wind hybrid power project in Madhya Pradesh by securing a project loan of INR 1,844 crore from Union Bank of India.

KPI Green Energy Ltd has secured a sanction of INR 3,200 crore from State Bank of India to part-finance the development of its Independent Power Producer (IPP) portfolio clean energy projects aggregating over 1 GWp in Gujarat.

The company will utilise the proceeds to complete its ongoing expansion and achieve full-scale production of solar cells, modules, and aluminium frames. 

The rating applies to ACME Aklera Power Technology’s 250 MW renewable energy capacity in Rajasthan for its INR 1,072 crore term loan facility from Bank of America, Standard Chartered Bank and India Infradebt Limited.

Carbon as collateral represents a practical financial innovation that can influence the pace of sustainable adoption in India. It assigns clear monetary value to environmental benefit and integrates this into consumer lending models. With appropriate regulatory backing and reliable accounting systems, the idea holds potential to expand credit availability, reduce cost barriers and support national climate commitments while creating long term economic opportunities.

Global hydrogen investment has topped $110 billion, up $35 billion from last year, with total committed capacity exceeding 6 million tons (metric tons) per year (mtpa), says the Hydrogen Council.

While subsidies have provided an important early boost, the future of residential solar affordability rests on financing models that expand access consistently. Loans create a pathway for households across diverse income brackets and geographies to invest in clean energy without waiting for government support.