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ACME Solar Lands Whopping ₹3,184 Crore REC Funding to Power 280MW Green Energy Leap
ACME Solar Lands Whopping ₹3,184 Crore REC Funding to Power 280MW Green Energy Leap
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ACME Solar just juiced up India's renewable energy race—REC opened the vault to the tune of ₹3,184 crore for a 280MW power play. That’s enough capital to make even Wall Street’s fossil-fuel dinosaurs twitch.
Why this matters:
- Solar’s eating coal’s lunch, and financiers are finally betting on the right horse. REC’s cash injection proves institutional money’s chasing scalability, not just ESG buzzwords.
- 280MW won’t single-handedly decarbonize India, but it’s another domino falling in renewables’ inevitable takeover. Watch for copycat deals as lenders scramble to look ‘woke’ while actually turning profits.
The cynical take? Banks still fund oil rigs on weekdays—but hey, at least they’re greenwashing with bigger numbers now.
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