Sunsure Energy announced this week it has secured INR 226 crore long-term debt financing from Tata Capital Ltd. This financing will supportcSunsure Energy’s expanding portfolio of open-access solar projects in Uttar Pradesh, totalling 75 MWp in operational capacity.
“The financing is structured across five special-purpose vehicles (SPVs) and covers commissioned solar projects strategically located across Uttar Pradesh. These projects are already delivering clean energy to several renowned industrial consumers in the state, contributing to a greener future and offsetting an estimated 80,000 tonnes of carbon dioxide annually,” stated Sunsure Energy.
Sunsure Energy develops renewable energy projects across solar, wind and energy storage technologies. The company currently provides renewable energy solutions to 70+ Indian industrial companies across over 16 states, including multinationals like Sandoz, KSB Pumps, Emcure, Dabur, Olon API, and more.
Sunsure is backed by Partners Group AG with an equity commitment of $400 million towards its vision of building the largest industrial decarbonization company in India and SE Asia. It has 500 MW of assets under operation and 2.5 GW of renewable energy capacity under construction. The company targets 5 GW of installed capacity by the end of 2028.
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